“It is a general prevalence of double coincidence of information rather than wants by both parties that would avoid the use of money.”

—  Armen Alchian

Armen A. Alchian, "Why money?." Journal of Money, Credit and Banking 9.1 (1977): 133-140.

Adopted from Wikiquote. Last update June 3, 2021. History

Help us to complete the source, original and additional information

Do you have more details about the quote "It is a general prevalence of double coincidence of information rather than wants by both parties that would avoid the …" by Armen Alchian?
Armen Alchian photo
Armen Alchian 11
American economist 1914–2013

Related quotes

Abraham Lincoln photo

“Both parties deprecated war; but one of them would make war rather than let the nation survive; and the other would accept war rather than let it perish. And the war came.”

Abraham Lincoln (1809–1865) 16th President of the United States

1860s, Second Inaugural Address (1865)
Context: On the occasion corresponding to this four years ago, all thoughts were anxiously directed to an impending civil war. All dreaded it — all sought to avert it. While the inaugural address was being delivered from this place, devoted altogether to saving the Union without war, insurgent agents were in the city seeking to destroy it without war — seeking to dissolve the Union, and divide effects, by negotiation. Both parties deprecated war; but one of them would make war rather than let the nation survive; and the other would accept war rather than let it perish. And the war came.

Plutarch photo

“He preferred an honest man that wooed his daughter, before a rich man. "I would rather," said Themistocles, "have a man that wants money than money that wants a man."”

Plutarch (46–127) ancient Greek historian and philosopher

49 Themistocles
Apophthegms of Kings and Great Commanders

“In the face of almost infinite useful knowledge, we have adopted the strategy of "information regeneration rather than information retrieval." …most importantly, you should be able to generate the result you need even if no one has ever done it before you”

Richard Hamming (1915–1998) American mathematician and information theorist

Methods of Mathematics Applied to Calculus, Probability, and Statistics (1985)
Context: In the face of almost infinite useful knowledge, we have adopted the strategy of "information regeneration rather than information retrieval."... most importantly, you should be able to generate the result you need even if no one has ever done it before you—you will not be dependent on the past to have done everything you will ever need in mathematics.

Themistocles photo

“I choose the likely man in preference to the rich man; I want a man without money rather than money without a man.”

Themistocles (-524–-459 BC) Athenian statesman

As quoted in The Quotable Intellectual (2010) edited by P. Archer, p. 152 http://books.google.com/books?id=QnDvIsNKNIwC

Michele Bachmann photo

“If the Republican Party wants to make Michele Bachmann the voice of the party, that's more than fine with us.”

Michele Bachmann (1956) American politician

Democratic National Committee spokesman Hari Sevugan, quoted in * 2009-11-06
Bachmann leads rally opposing health plan
Kevin Diaz & Eric Roper
Star Tribune
http://www.startribune.com/politics/69284347.html?elr=KArksLckD8EQDUoaEyqyP4O:DW3ckUiD3aPc:_Yyc:aUUsZ
About

Damien Hirst photo

“It’s not a coincidence that governments use art on coins and notes. They do this to help us believe in money. Without art, it’s hard for us to believe in anything.”

Damien Hirst (1965) artist

Shaw, Anny, NFT breakthrough: Ethereum co-founder Joe Lubin creates 99% energy efficient blockchain—and Damien Hirst is its first artist https://www.theartnewspaper.com/news/nft-breakthrough-ethereum-co-founder-joe-lubin-creates-energy-efficient-blockchain-and-damien-hirst-is-its-first-artist, The Art Newspaper, 30 March 2021

“Like a dance, conflict escalation generally requires the participation of both parties.”

Brian Mistler American Gestalt therapist

George W. Bush and Osama bin Laden Are Dancing Together (2003)

Colin Powell photo

“We want to see both sides not take unilateral action that would prejudice an eventual outcome, a reunification that all parties are seeking.”

Colin Powell (1937) Former U.S. Secretary of State and retired four-star general

On Chinese and Taiwanese relations, in interview with Phoenix Television of Hong Kong (27 October 2004), as quoted in "Warnings by Powell to Taiwan Provoke a Diplomatic Dispute" in The New York Times (28 October 2004) http://query.nytimes.com/gst/fullpage.html?res=9C07EFDB123DF93BA15753C1A9629C8B63.
2000s

Bill Whittle photo

“[The Democratic Party] is a criminal enterprise that would rather rule over the ruins than be part of governing a happy and successful Republic.”

Bill Whittle (1959) author, director, screenwriter, editor

Bill Whittle's Keynote speech https://vimeo.com/145285384 at the David Horowitz Freedom Center's 2015 Restoration Weekend on Nov. 6, 2015.
2010s

Related topics