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Silent trade, also called silent barter, dumb barter ("dumb" here used in its old meaning of "mute"), or depot trade, is a method by which traders who cannot speak each other's language can trade without talking. Group A would leave trade goods in a prominent position and signal, by gong, fire, or drum for example, that they had left goods.
Silent trade, also called silent barter, dumb barter ("dumb" here used in its old meaning of "mute"), or depot trade, is a method by which traders who cannot speak each other's language can trade without talking. However, Benjamin Orlove has shown that while barter occurs through "silent trade" (between strangers), it occurs in commercial ...
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This open reciprocity is closed off precisely when it is balanced. Thought of in this way, we can see the relationship as a matter of degree, more or less open or closed. Closed reciprocity of gifts is most like market exchange. It is competitive, individualistic and may border on barter. [7]
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Simple commodity production (German: einfache Warenproduktion, also translated as petty commodity production), is a term coined by Friedrich Engels in 1894 when he had compiled and edited the third volume of Marx's Capital. [1]
Kari Polanyi Levitt (born June 14, 1923) [1] is an Austrian-born Canadian economist, currently Emerita Professor of Economics at McGill University, Montreal. [2]She is known for her work on economic development and economic sovereignty, and in particular for her 1970 book Silent Surrender: The Multinational Corporation in Canada.