How does indirect exchange facilitate the by Dr. Robert Murphy @Mises

Question 20 / 96: How does indirect exchange facilitate the strategy of "one step back, two steps forward"?

Answer:

With the possibility of indirect exchange, an individual can

"sell" her wares and receive something she doesn't directly

desire, and in this sense has taken a step back in the goals she

can satisfy with her possessions. But if she can then trade away

the medium of exchange to obtain something she likes even

better than the original possession, she has taken two steps

forward.

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https://www.jobilize.com/capitalism-the-market-economy-by-dr-robert-murphy-mises

Capitalism: The Market Economy

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Dr.Robert MurphyAssociated Scholar

Mises Institute

USA

Attribution: Dr. Robert P. Murphy, Lessons for the Young Economist. (Mises Institute), http://mises.org/document/6215/Lessons-for-the-Young-Economist (Accessed 04 April, 2014). License: Creative Commons BY

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