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by sudosysgen 1884 days ago
Money is not the only device that can translate relative preferences.

Just because things are scarce does not mean that non-scarce tools such as software must be bent to monetary incentives that reduce their value.

1 comments

Any device that is used to ration is money though, there are other means to ration (the three we learn in Econ are beauty, brute force and first come first serve) but any device is by definition money since money is just a rationing device.
No, money has many more attributes than just being used to ration. Importantly money must be fungible divisible and durable.