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It is usually not realized that random acts of barter would not, by themselves, produce prices unless a market pattern were in existence that made the bartering intent of the persons effective. In this sense, barter is very much like reciprocity and redistribution. The principle of behavior, in order to become effective, requires the presence of some institutional structure. The market pattern is never traceable to the mere desire of individuals to "truck, barter, and exchange." Its origins come from other directions, as we shall see. (en) |
