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Cataloged Resource Summary

 

Title

Beans as a Medium of Exchange

Author

Harold O. Fried and Daniel Levy

Category

Macroeconomics and Monetary Economics

Type

Non-computerized experiment

Description

The experiment is designed to simulate an environment where something that is very similar to fiat money (i.e., is homogeneous, durable, portable, storable, divisible, has no intrinsic value of its own, etc.) will be accepted in market transactions and thus will have a "value."

URL

http://mcnet.marietta.edu/~delemeeg/expernom/s92.html#fried1

Home URL

http://mcnet.marietta.edu/~delemeeg/expernom.html
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