Re: Re: Re: Re: Re: the mita

[Jim Devine]

>Rob Schaap wrote:
>
>>I mean, what's C without M?

Doug writes:
>Nothing, right? It's not a C unless it's produced and exchanged for M.

In theory at least, it would be possible to run a capitalist economy using 
barter. However, transactions costs would be very steep, while finance 
would be quite difficult. So M is in effect absolutely necessary.

BTW, does the double A in Schaap have anything to do with the fact that 
sheep say "Baa"?

Jim Devine [EMAIL PROTECTED] &  http://bellarmine.lmu.edu/~jdevine