Anatomy Of a Trade

16.)

Following is a list of those things we consider to be some of the components or elements of human behavior manifested in the process of trading.

1. Claims of ownership

2. Acknowledgment, agreement, recognition of claims of ownership. Numbers one and two are represented in the document under the names of the owners of the accounts.

3. Possible negotiation of the form of labor owned and traded. Everything traded is describable and represents a form of labor. Some of the details may be variables and discussed before a final agreement is reached.

4. Possible negotiation of the exchange value of the products being traded. Number four simply says that established prices may be subject to point-of-sale negotiation.

5.The spending, or disillusion of each participant’s ownership of the item he brought to the trade.

6. Accepting and acquiring of ownership by each of the participants of the item the other brought to the trade. Numbers five and six simply refer to the fact that each participant is committing to give up ownership of the items he is trading and committing to accepting ownership of the other traders service. Here we see the employment of commitment.

7. Recognition, and perception of value in use of the products brought to the trade. Number seven says that the participants will have given the products traded some determination of the value in use they have to them.

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Recognition of some value in exchange and establishment of parity The fact of an agreement in trade is also the establishment of parity for the participants. They do the establishing by agreeing to trade under those terms.

1. Employment of each participant’s labor by the other. Number nine simply draws attention to the fact that when we trade that trading employs the other parties labor. That doesn’t require a lot of arguing to prove.

10. A seeking to gain or advance by each party. We believe that the motivating internal force of each party is to be better off than they were before the trade. In other words each one is seeking to gain by his actions. It would be unreasonable to assume otherwise. Number 10 points that out.

11. An actual gain or advance.

12. We would find actualized services by each participant transferred to the recipients identifiable as product of distributed labor. In numbers eleven and twelve we are simply saying that upon review or serious scrutinizing we would find that the anticipated gains were actually realized and that they exist because of distributed labor between humans.

13. Change in the form of labor owned by each participant. Each participant has altered the form his labor has taken for the form someone else’s labor has taken. This is a little bit like what we’ve said already but said in a little different way. But we would like to point that out because the labor inherent in each one’s service created a different world for the other.

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14. Maintenance of the principal of minimum effort. Humans trade and share the work load in order to achieve more, faster. Number eleven points this out. The principal of least effort appears to permeate every act by living organisms.

15. The mental debiting of each by the other until fulfillment of the agreement. Having made a commitment each of the parties to a trade can be assumed to make sure they get the service that was committed by the other party. This will also become part of double entry book keeping as we shall see.

16. The mental crediting of each by the other upon fulfillment of the agreement. It can be expected that each participant will the expected to give full credit when the commitments are fulfilled. All of this will ultimately become part of double entry bookkeeping.

17. Maintenance of some value of labor. Trading something away for something else of value is much better than throwing it away. And by contributing labor energy to a set of conditions by which you benefit is far wiser than not participating. So in trading and sharing distributed labor many more things are possible that would be otherwise.

18. Liquidating value of labor time. Turning one’s time into wealth producing labor time can turn it into a currency which is stored labor value.