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

clyder@gn.apc.org
Mon, 02 Nov 1998 14:18:09 +0000

At 11:59 AM 31-10-98 +0000, you wrote:
>>Chris
>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
wpc@dcs.gla.ac.uk