Definition of Barter Economy

Definition: A barter economy is an economy that lacks a commonly accepted currency, so all exchanges must be made with goods and services because money does not exist in these economies.

Terms related to Barter Economy:

• Double Coincidence of Wants
• Free Market Economy
• Open Economy

About.Com Resources on Barter Economy:

• What Is Money?
• Why Does Money Have Value? - An Alternative Perspective
• Are recessions good for the economy?

Writing a Term Paper? Here are a few starting points for research on Barter Economy:

Journal Articles on Barter Economy:

• The New Barter Economy: An Appraisal of Local Exchange and Trading Systems
• The Structure of Exchange in Barter and Monetary Economies
• Disequilibrium exchange in barter and monetary economies