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explicit_vs_implicit_trade

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explicit_vs_implicit_trade [2019/03/14 04:23]
freeworlder [Implicit trade]
explicit_vs_implicit_trade [2019/04/23 03:56] (current)
rcastano [Implicit trade]
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 {{ :​circular-trade.png?​400|}}Implicit trade can be defined as  **//a debt implied through an act of generosity of no agreed value or terms//**. For example, if someone comes to help you fix your car in the middle of the night, you might feel an implied indebtedness towards that person, their family or community, but of no agreed value. It's perhaps best informally described as the feeling of '//I owe you one//'​. {{ :​circular-trade.png?​400|}}Implicit trade can be defined as  **//a debt implied through an act of generosity of no agreed value or terms//**. For example, if someone comes to help you fix your car in the middle of the night, you might feel an implied indebtedness towards that person, their family or community, but of no agreed value. It's perhaps best informally described as the feeling of '//I owe you one//'​.
  
-All things being equal, most people will try and settle an implied debt despite the fact that there is no obligation to do so. The OAE theory holds that communities can successfully operate through a circular, implicit debt program, where the implicit urge to pay back in to the community at least equals favours received.+All things being equal, most people will try and settle an implied debt despite the fact that there is no obligation to do so. The OAE theory holds that communities can successfully operate through a circular, implicit debt program, where the implicit urge to pay back in to the community at least equals favours received.((An extended explanation about //​reciprocity//​ can be found [[https://​www.youtube.com/​watch?​v=lAKBcs94ATw|here]].))
  
explicit_vs_implicit_trade.1552562613.txt.gz · Last modified: 2019/03/14 04:23 by freeworlder