[OPE-L:48] [OPE-L:278] Re: Re: Re: Chapter 1

Mon, 02 Nov 1998 14:18:09 +0000

At 11:59 AM 31-10-98 +0000, you wrote:
>The same point about specifying the relation applies as above. As long as
>dynamite is exchageable for steel arbitragers can step in when possible.
>Practically however I think lack of information makes arbitrage difficult
>until we have money. The consequences of money are certainly not trivial
>because now the capital form gets off the ground.
Arbitrage works well enough between different currencies without
any one of them having to stand in as the cannonical money.
Paul Cockshott Dept Computer Science University of Glasgow