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Author Topic: In what situations is a barter economy better than a monetary economy?  (Read 2157 times)
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July 31, 2015, 11:24:22 PM
 #1

In what situations is a barter economy better than a monetary economy?

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July 31, 2015, 11:42:30 PM
 #2

In what situations is a barter economy better than a monetary economy?
Barter economy is only good if you live in a secluded-from-the-world economy. If you are part of the capitalistic global system you are instantly rendered out of business. Few communities have everything they need without needing export/import to other places. I cant actually think of a single one that does barter economy and has a decent life quality.

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August 01, 2015, 12:08:59 AM
 #3

In what situations is a barter economy better than a monetary economy?

In a situation where confidence of the monetary system has severely diminished or non-existent. A barter economy will exist when there's little established government...when we start to see a barter economy we'll be in a very bad place. Then the people that survive will "enjoy" the new world.

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August 01, 2015, 06:15:36 AM
 #4

A zombie apocalypse or a situation of complete isolation from the rest of the world except your surroundings. Assuming there is a tsunami and all shops are destroyed, all the money is gone and there has already been a lot of damage to life and property. People usually provide services and take duties in exchange of other work and that is an example of barter system. For example, men go and clean streets and re-build the place while all women cook together and serve to the whole neighborhood. People exchange goods with each other for use too.
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August 01, 2015, 07:11:16 AM
 #5

in the used market it work best especially with things that has a low value, it's also more practical and you can get rid of fiat in some cases

it work especially good with things that are collectible
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August 01, 2015, 07:40:13 AM
 #6

A zombie apocalypse or a situation of complete isolation from the rest of the world except your surroundings. Assuming there is a tsunami and all shops are destroyed, all the money is gone and there has already been a lot of damage to life and property. People usually provide services and take duties in exchange of other work and that is an example of barter system. For example, men go and clean streets and re-build the place while all women cook together and serve to the whole neighborhood. People exchange goods with each other for use too.

This.
Paper money requires a state and a complex and costly infrastructure in order to work, barter is completely cost-free.

                                 
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August 01, 2015, 01:51:41 PM
 #7

When everyone has a robot and can produce everything he basically needs, so he don't need money to survive

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August 01, 2015, 03:48:07 PM
 #8

When everyone has a robot and can produce everything he basically needs, so he don't need money to survive

It will take a lot of time reach that point. Also, you may have the robots, but no the natural resources in your country. Therefore, you will need to negotiate and do business with foreign countries to get resources that your country lacks. For example, you may live in a very cold country where you don't get any quality fruits, and countries that live in warmer places have abundant high quality tropical foods. You would need to negotiate with them and I don't think barter will be better than cryptocurrency.


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August 01, 2015, 04:08:11 PM
 #9

A zombie apocalypse or a situation of complete isolation from the rest of the world except your surroundings. Assuming there is a tsunami and all shops are destroyed, all the money is gone and there has already been a lot of damage to life and property. People usually provide services and take duties in exchange of other work and that is an example of barter system. For example, men go and clean streets and re-build the place while all women cook together and serve to the whole neighborhood. People exchange goods with each other for use too.

This.
Paper money requires a state and a complex and costly infrastructure in order to work, barter is completely cost-free.

Every successful currency needs to be supported by users, and the users will access their currency once their is a system which manages and renders this currency and provide benefit. If there is no way to transfer bitcoins or mine it, then why will people use bitcoin, the same goes for fiat currency too. If there is no paper to exchange, there will be regulations and problems with unit of value, durability, portability, etc.
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August 01, 2015, 04:11:38 PM
 #10

There are markets in which price is not the primary clearing mechanism. They are called matching markets. One example is kidney donation. Selling a kidney for money is illegal in most countries, so there must be some other mechanism for matching donors and recipients.

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August 01, 2015, 06:22:21 PM
 #11

Barter economy is free of usury.
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August 02, 2015, 01:05:25 AM
 #12

Barter economy is free of usury.

How about sharecropping? You can borrow my land, but you have to give me half of your crops.

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August 04, 2015, 06:35:45 PM
 #13

Barter economy is pretty good for food. For example, trading fruit for spice herbs (or cannabis) / vegetables for dried beef. There's less of a reliance on "double coincidence of wants" that stifles most barter economies since people in general enjoy a wide variety of food.

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August 04, 2015, 06:37:47 PM
 #14

I think we conquered this idea a long time ago. Move forwards not backwards guys

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August 04, 2015, 10:15:00 PM
 #15

I think we conquered this idea a long time ago. Move forwards not backwards guys

This. It's absolutely nonsense to consider barter economy again. There isn't a single thing that's better about barter economy than monetary economy. We just didn't had no other options back then but bartering, until we came up with the idea of money.

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August 05, 2015, 06:40:29 AM
 #16

I think we conquered this idea a long time ago. Move forwards not backwards guys

This. It's absolutely nonsense to consider barter economy again. There isn't a single thing that's better about barter economy than monetary economy. We just didn't had no other options back then but bartering, until we came up with the idea of money.

And now everybody is so tired of the concept of money, they start considering ways like barter system? wow, humans are evolving backwards. We have a technology that is completely digital, defeats the purpose of carrying around money and letting banks steal it from us legally, something which helps us not overpay for simple services like transactions, something which empowers and represents us. Its called Bitcoin, and people ask questions about how barter could be useful. Dayum.
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August 05, 2015, 04:25:01 PM
 #17

The barter economy is better when there is no greedy and bad people. They will take the advantage of this situation by scamming their 'buyer' with the stuff that have lower value than the stuff from the 'buyer'. It sounds impossible to be realized, and thats why the barter economy isnt suitable for the world nowadays.
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August 05, 2015, 05:34:00 PM
 #18

The barter economy is better when ...

That's crazy. There is no situation where a barter economy is better. Even if there were some global disaster and the entire world reverted back to subsistence farming, money would be a major benefit.

If you have a job at McDonald's, how will you be paid? In Big Mac's? If you are getting a degree, how would you pay for it? Think about your life now. How would you pay for anything in a barter economy?

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August 06, 2015, 12:54:53 PM
 #19

The barter economy is better when ...

That's crazy. There is no situation where a barter economy is better. Even if there were some global disaster and the entire world reverted back to subsistence farming, money would be a major benefit.
Sorry professor, but I think you should quoted my whole comment  Roll Eyes

If you have a job at McDonald's, how will you be paid? In Big Mac's?
I hope I dont work there

Think about your life now.
Yes I have

PS: The barter economy is better when you get stuff with higher value than what you give. Have you heard about American Barter Exchange? Take a look here http://americanbarter.com and you may give your opinion there. Good luck.
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August 06, 2015, 01:09:44 PM
 #20

The barter economy is better when ...

That's crazy. There is no situation where a barter economy is better. Even if there were some global disaster and the entire world reverted back to subsistence farming, money would be a major benefit.
Sorry professor, but I think you should quoted my whole comment  Roll Eyes

If you have a job at McDonald's, how will you be paid? In Big Mac's?
I hope I dont work there

Think about your life now.
Yes I have

PS: The barter economy is better when you get stuff with higher value than what you give. Have you heard about American Barter Exchange? Take a look here http://americanbarter.com and you may give your opinion there. Good luck.


That's a stupid thing to say. The only reason he did not quote your full comment was because it was as irrelevant as your existence. As far as knowledge goes, you won't even get a job at Mcdonalds. Barter system was the most terrible way people handled transactions. 'The barter economy is better when you get stuff with higher value than what you give', you say. There are two parties involved in barter system, making the deal for the other person always bad as he will not be able to get stuff of equal value. That means half of the world will not get things/services at the value they deserve. Wow, terrible concept bro.
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