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double coincidence of wants

The necessary condition of barter that stipulates that the goods or services each party is willing to exchange must be exactly what is demanded by the other party. The double ...

coincidence of wants

coincidence of wants   Quick reference

A Dictionary of Economics (5 ed.)

Reference type:
Subject Reference
Current Version:
2017
Subject:
Social sciences, Economics
Length:
104 words

...coincidence of wants When two parties each hold goods that the other party wishes to have. This is the condition for a barter transaction to be agreed upon. In the absence of money, if an agent wants to trade good A for good B , they have to find another agent willing to trade good B for good A . This is achieved when there is a coincidence of wants. The inconvenience of this led to the rise of professional traders, acquiring goods they did not want for themselves but could exchange again, and to the use of money as a medium of exchange...

double coincidence of wants

double coincidence of wants  

Dictionary of the Social Sciences

Reference type:
Subject Reference

...coincidence of wants The necessary condition of barter that stipulates that the goods or services each party is willing to exchange must be exactly what is demanded by the other party. The double coincidence of wants becomes unnecessary where there exists an accepted medium of exchange (money) that permits the complete convertibility of goods and the accumulation of buying power over...

double coincidence of wants

double coincidence of wants  

Reference type:
Overview Page
The necessary condition of barter that stipulates that the goods or services each party is willing to exchange must be exactly what is demanded by the other party. The double ...
coincidence of wants

coincidence of wants  

Reference type:
Overview Page
When two parties each hold goods that the other party wishes to have. This is the condition for a barter transaction to be agreed upon. In the absence of money, if an agent wants to trade good A for ...
Philippians

Philippians   Reference library

Robert Murray, SJ and Robert Murray, SJ

The Oxford Bible Commentary

Reference type:
Subject Reference
Current Version:
2022
Subject:
Religion
Length:
13,932 words
Publisher:
Oxford University Press

...Paul recalls his teaching on the ‘true circumcision’ through faith in Christ ( Rom 2:25–9 ); now he adds the charismatic experience of Gentile Christians ‘who worship in the Spirit of God’. He wants them to remain content as they are; but he does not explain why circumcision has been urged on them. He uses his regular antithesis of ‘flesh’ and ‘spirit’, but after 3:1 there is no more anger like that in Galatians. The suggestion of Tellbe ( 1994 : 116–20 ; phil b .3) is plausible: all circumcised Jews could enjoy the exemptions granted by Rome to Judaism as a...

John

John   Reference library

René Kieffer and René Kieffer

The Oxford Bible Commentary

Reference type:
Subject Reference
Current Version:
2022
Subject:
Religion
Length:
52,850 words
Publisher:
Oxford University Press

...asks only if he wants to be made well. The stirred water may be due to a system of pipes conducting the water from one pool to the other, or is a confusion with movement of water at the pool of Siloam. The addition in v. 4 attributes it to an angel. v. 8 , Jesus' admonition is nearly identical with that of Mk 2:9, 11 , one of the many indications that the author of the Fourth Gospel had a direct knowledge of Mark ( Kieffer 1992 ). v. 9 a , in a similar way the evangelist mentions the sabbath rather late in the narrative on the healing of the blind man (...

1 & 2 Kings

1 & 2 Kings   Reference library

Walter Dietrich, Walter Dietrich, and Walter Dietrich

The Oxford Bible Commentary

Reference type:
Subject Reference
Current Version:
2022
Subject:
Religion
Length:
40,434 words
Publisher:
Oxford University Press

...later. It is no coincidence that of all people, Elijah was expected to return at the time of the NT ( Mk 6:15; 8:28 ). Since he only departed rather than died, he did not even need to be resurrected, but merely return from his heavenly journey to announce the Messiah's arrival. According to the present text ( vv. 2–6 ), Elijah, Elisha, and many prophet disciples were aware of the impending departure. Elijah wishes to be alone when the time comes: miracles tended to occur at times of silence. Elisha, however, is required and wants to accompany him: as a...

Mark

Mark   Reference library

C. M. Tuckett and C. M. Tuckett

The Oxford Bible Commentary

Reference type:
Subject Reference
Current Version:
2022
Subject:
Religion
Length:
44,701 words
Publisher:
Oxford University Press

...The positive side of what is required of men and women is spelt out in vv. 21–2 . This list of inner thoughts and actions is typical of many Hellenistic ethical instructions. The ethic propounded here would thus be at home in the wider Hellenistic world. But en route to this, parts of the Jewish legal system, especially the purity laws and the social and religious barriers they create, are radically called into question by Mark's Jesus by the end of this section. ( 7:24–30 ) The Syro-Phoenician Woman It is surely no coincidence that Mark follows the...

Matthew

Matthew   Reference library

Dale C. Allison, Jr. and Dale C. Allison, Jr.

The Oxford Bible Commentary

Reference type:
Subject Reference
Current Version:
2022
Subject:
Religion
Length:
49,867 words
Publisher:
Oxford University Press

...readers may also or instead have thought of hymns sung with or after the eucharist. v. 30 ( cf. 21:1; 24:3 ) alludes to 2 Sam 15:30 where David, who has been plotted against by his trusted royal counsellor, Ahithophel, leaves Jerusalem and goes up ‘the ascent of the Mount of Olives’. There the king weeps and prays for deliverance (cf. Gethsemane). That Matthew intends the parallelism follows from 27:3–10 , where Judas is modelled upon Ahithophel. Perhaps then it is more than coincidence that Ahithophel wants to overtake David at night ( 2 Sam 17:1; cf....

Acts

Acts   Reference library

Loveday Alexander and Loveday Alexander

The Oxford Bible Commentary

Reference type:
Subject Reference
Current Version:
2022
Subject:
Religion
Length:
42,037 words
Publisher:
Oxford University Press

...It can hardly be a coincidence that Stephen moves directly from the ‘tent of Moloch’ to the ‘tent of testimony’, i.e. the tabernacle, though the logic of the transition is not entirely clear. Stephen's point seems to be that the wilderness tabernacle, which Moses made in obedience to the ‘pattern’ given by God ( v. 44 ), was closer to God's will than King Solomon's temple, despite the fact that David had sought God's leave to build the temple ( v. 46; cf. 2 Sam 7:1–16 ). It is of course Solomon himself who recognizes the futility of trying to build a house...

Romans

Romans   Reference library

Craig C. Hill and Craig C. Hill

The Oxford Bible Commentary

Reference type:
Subject Reference
Current Version:
2022
Subject:
Religion
Length:
30,053 words
Publisher:
Oxford University Press

...these common (and apparently longstanding) Christian affirmations will be shared by his readers. The phrase ‘obedience of faith’ (also mentioned in 16:26 ) is ambiguous. It may refer either to faith that is an expression of obedience or to obedience that is an expression of faith. Possibly, Paul intended both meanings. Clearly it is the bringing of persons to faith in Christ that is the primary goal of the Pauline mission. It is no coincidence that Paul can refer synonymously to the Jews' unbelief in 11:20 and to their disobedience in 11:31 ( Cranfield ...

1 Chronicles

1 Chronicles   Reference library

H. P. Mathys, H. P. Mathys, and H. P. Mathys

The Oxford Bible Commentary

Reference type:
Subject Reference
Current Version:
2022
Subject:
Religion
Length:
48,015 words
Publisher:
Oxford University Press

...not directly refer to the context, continues with an interpretation of the voluntary donations and concludes with a double wish, referring backwards and forwards in the text—one calling for these thoughts never to be forgotten by the people, the other addressing the future rule of King Solomon. vv. 10–20 , the form of this praise of God is unusual, being in the second rather than the third person. Everything belongs to God (the tenfold repetition of the key word ‘thine’ cannot be a coincidence). In his hand is power and might. The Chronicler develops these...

1 & 2 Samuel

1 & 2 Samuel   Reference library

Gwilym H. Jones, Gwilym H. Jones, and Gwilym H. Jones

The Oxford Bible Commentary

Reference type:
Subject Reference
Current Version:
2022
Subject:
Religion
Length:
44,450 words
Publisher:
Oxford University Press

...as an ‘angel of God’ ( cf. 14:17, 20 ) and reminded him of previous favour granted to him. David's reply, curt and to the point, was a compromise, and he divided Saul's territories between Ziba and Mephibosheth. Barzillai had made provision for the king and his troops ( 17:27 ), and David wished to recompense him by giving him a place in the court ( vv. 31–40 ). Because of his old age Barzillai could no longer enjoy the pleasures of the court; he only wants his home and the family grave. He handed over Chimham to accompany David; according to MSS of the LXX he...

barter

barter   Quick reference

A Dictionary of Economics (5 ed.)

Reference type:
Subject Reference
Current Version:
2017
Subject:
Social sciences, Economics
Length:
154 words

... The exchange of one type of good or service for another without the use of money. This developed to allow society to take advantage of the division of labour and the gains from specialization . Barter, however, is often inconvenient: a person who has goods of one type and wants goods of another has to find somebody who wishes to make the opposite exchange, either for their own use (a joint coincidence of wants) or as a professional intermediary. The use of precious metals as a medium of exchange, and the subsequent development of money , removed this...

barter

barter  

Dictionary of the Social Sciences

Reference type:
Subject Reference

...A system of exchange whereby goods or services are simultaneously traded without the use of money as a medium of exchange. The origin of money has often been traced to the inefficiency of barter systems. As market economies developed both locally and over long distances, the barter system proved cumbersome and inefficient. Above all, it requires “the double coincidence of wants”: a cobbler, in order to obtain clothing, must find a tailor who needs shoes. In the absence of such coincidence of wants, not all trades that are desired will be realized. This...

exchange

exchange   Quick reference

A Dictionary of Economics (5 ed.)

Reference type:
Subject Reference
Current Version:
2017
Subject:
Social sciences, Economics
Length:
114 words

...exchange 1. The trade of one good or asset for another. Exchange is the most basic form of economic activity. It requires a coincidence of wants between the two parties: each must want what the other possesses. The process of exchange can be represented in an Edgeworth box . See also voluntary exchange . 2. A place where trading is carried out: thus shares were traded at the stock exchange, corn was traded at a corn exchange, and workers were hired at a labour exchange. In many cases most of the trade is nowadays done electronically, so that a stock...

medium of exchange

medium of exchange   Quick reference

A Dictionary of Economics (5 ed.)

Reference type:
Subject Reference
Current Version:
2017
Subject:
Social sciences, Economics
Length:
199 words

...acceptable. The manufacturing cost of fiat money may be very low but the state maintains a monopoly and uses security measures to protect its monopoly, thus raising the production cost for parties other than the state. The existence of a medium of exchange allows trade to take place without the need for a coincidence of wants : in the absence of a medium of exchange it is necessary to find a person willing to barter the goods one is selling for the goods one wishes to buy. A medium of exchange facilitates economic...

Alien Corn

Alien Corn (1933)   Reference library

The Oxford Companion to American Theatre (3 ed.)

Reference type:
Subject Reference
Current Version:
2004
Subject:
Performing arts, Theatre
Length:
202 words

...and Harry Conway ( James Rennie ), a suave, rich married man who wants Elsa for a mistress. After she rejects them both, Julian kills himself. The ramifications of the scandal that will probably ensue allow Elsa to decide her future. When the investigating policeman asks if this is her home, she replies, “No. Vienna.” Howard's story was replete with the coincidences and foreshadowings that were the stock in trade of older melodrama. For example, early on Julian brandishes his gun and talks of shooting practice, in a moment not unlike that in Hedda Gabler ....

wisdom

wisdom   Reference library

Encyclopedia of the Middle Ages

Reference type:
Subject Reference
Current Version:
2005
Subject:
History, Early history (500 CE to 1500)
Length:
494 words

...centre of all sciences” (n. 11). Different again was the interpretation given to wisdom in a strictly neoplatonist context, as in the Dominican Berthold of Moosburg who, towards the mid 14th c., stated without more ado that Platonic hyperwisdom, as a teaching going beyond being qua being and rising up to the One, is superior to Aristotelian metaphysics. The learned ignorance professed by Nicholas of Cusa, whose central core is found in the coincidence of contradictories, also preached an ideal of wisdom that would transcend a simple science of first...

Danel and Aqhat

Danel and Aqhat   Reference library

The Oxford Companion to World Mythology

...finds a “coincidence of themes” here. The deaths of Baal and Aqhat, as well as of Osiris in Egypt , represent “threats to fertility.” It is possible that as Anat dismembered Baal's killer, Death (Mot), Pagat might well have dismembered Yatpan. In the context of Middle Eastern fertility myths, such as the Osiris myth, dismemberment often involves the scattering of the dismembered body as seed. Coogan believes that the Aqhat story continued, in the tradition of so many hero myths, with the hero's “restoration to life and the consequent return of fertility...

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