BARTER (economics) – The direct trading of goods and services without the use of

BARTER (economics) – The direct trading of goods and services without the use of an intermediary medium of exchange that produces prices rendering goods and services commensurable.

MONEY (economics) – a medium of exchange, having the following properties:

-Properties-

Having the properties:

1) universal market demand – as medium of exchange

2) non-fungible unitary weight and measure – capable of creating commensurability and as a consequence prices.

3) non-perishable – store of value (and retaining a stable price over time)

4) portability (high exchange value relative to weight and volume)

-Forms-

Existing in the forms:

Non-perishable (durable)

1) commodity measure money(weight or volume – insured by market)

2) commodity money(in fixed units, weighed and measured: insured by stamp)

3) token money (commodity money substitute, an artificial commodity not redeemable), (??? not sure I should include this form of money substitute.

Perishable (fragile)

4) note-money(debt money – redeemably backed – dependent upon issuer ),

6) credit money(debt money – partly-backed promises – dependent upon issuer),

5) political share-money(credit money, unbacked, not redeemable – dependent upon issuer).

7) electronic credit money (promises – wholly dependent upon issuer)