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Thursday, April 21, 2005
Economics fun

My professor of Intermediate Keynesian Fallacies said something odd today:

Assume for the moment that the people at the Federal Reserve and the Government aren't stupid, and wouldn't do something like [implementing a policy of high inflation]. That's a very difficult assumption to make, I know.

Who'd have thunk it? I found an actual economics professor who doesn't idolize the state! Consistently, at least. Maybe my in-class hecklings are having an effect.


While he was covering money in his thoroughly Keynesian way, muddling the development of money, I interjected this idea:

Barter economies rely on a double-coincidence of wants. If I have butter, and you have eggs, we must both want the other's commodity in order for a transaction to occur. Might the misogyny of primitive cultures be due to their attempts to get around the problem of double coincidence of wants, by bartering the one thing every man wants: sex?


Primitive cultures treat their women like cattle, Islamic societies still barter girls for goods and services.  By exchanging females, these societies have tried to work around the double-coincidence of wants in their own thoroughly savage way. Misogynistic primitive cultures may represent dead-ends in which societies adopted, instead of a commodity as a medium of exchange, the act of rape (I include arranged marriages between 12 year olds and middle aged men rape, of course). This choice might explain the many differences between the West and societies developed along the morality of 7th century nomads.

Posted by: Tom "The Pooklekufr" Treloar at April 21, 2005 14:31 EST | Permalink | comments (2) |
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Comments:
#1  21 April 2005 - 18:35
 
Tom,

Pastorius here.

That's a brilliant observation. I will definately post about that.

Did you come up with that yourself, or did you read it somewhere else? Ah, screw it. Don't answer that. I'll give you the credit.

Anonymous
#2  21 April 2005 - 18:51
 
I came up with that myself, but it must have been thought of before.

Have you ever read Mises' Regression Theory of Money?

http://www.mises.org/humanaction/chap17sec1.asp
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