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[61] KaiserW: Linen vs. Coat In this equation there are two parts; 1. The linen, which
can be used as a payment or it can be used as a raw material
for making clothing. 2. The coat, this can be seen as either
the product of the raw material or the payment for the
linen. These two different ways of perceiving each part of
the equation can also be analyzed a little further. The raw
material linen is seen not as a payment but the base of
another commodity. The linen maker could use this raw
material to get a coat made for himself/herself, this would
still entail the same factors of the equation. Using the
linen as a payment through a barter or exchange system,
shows it as a use of payment. Even though other commodities
can be used to exchange for a coat (i.e. Fox pelts,
Potatoes, etc.), linen is interchangable between both
Commodities. The coat, as I see it, is a product from the
linen that was traded to the tailor. As the final product is
started another consumer can come to the tailor with his/her
own linen and trade it for a coat. The tailor would then use
that persons linen to make a coat. Also the coat can be
traded to the linen maker for 20 yards of linen, if that
tailor runs low on linen from trading his/her coats for
other commodities (Deer meat, Turnips, etc.). This shows the
other part played by the tailor's coat. As the discussion
goes on about the set value of a product, we will find that
these exchanges worked better then a fixed exchange rate, if
you would only trade linen for coats, then two people would
have a surplus of each, with no fixed exchange, there would
be a more evenly distributed market of commodities. If the
linen weaver had too many coats she could trade it to the
hunter/trapper for meat or pelts, and the circle would go
everlasting. This is one way of proving that there are
other parts to be played by the factors of the equation. |
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