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Bulgarians Are On the Way to Modern Barter Exchange System (MBES). An Expert Survey

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  • Toncheva, Rossitsa

Abstract

This paper presents the results from an expert survey on the possibility of a modern barter exchange system (MBES) to be implemented in Bulgaria. MBES is an abstract theoretical construction which helps uncover the reasons why such schemes are successful in a number of countries with different social and cultural characteristics, while in Bulgaria this phenomenon is not popular. Sadly, the results show that there is no readiness for participation in MBES. It is seen mainly as a social structure but the expectations are that it would work as a business entity. The research has found that the idea behind MBES is inapplicable under certain conditions, such as those in Bulgaria with its typical characteristics of today. Even though the MBES models are usually successful in other countries, this is probably due to the fact that those are mostly socially mature (homogenous) societies in countries with a well-developed economic infrastructure.

Suggested Citation

  • Toncheva, Rossitsa, 2015. "Bulgarians Are On the Way to Modern Barter Exchange System (MBES). An Expert Survey," MPRA Paper 76284, University Library of Munich, Germany.
    • Handle: RePEc:pra:mprapa:76284
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    File URL: https://mpra.ub.uni-muenchen.de/76284/2/MPRA_paper_76284.pdf
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    References listed on IDEAS

    as
    1. Powell, J., 2002. "Petty capitalism, perfecting capitalism or post-capitalism? : lessons from the Argentinian barter network," ISS Working Papers - General Series 19101, International Institute of Social Studies of Erasmus University Rotterdam (ISS), The Hague.
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    Cited by:

    1. Jorge MEIRA COSTA, 2018. "Participatory Budgeting (Portugal) as a marshalling legal process to formally and democratically defining European Monetary System and Policy," Economic Alternatives, University of National and World Economy, Sofia, Bulgaria, issue 2, pages 279-295, June.

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    More about this item

    Keywords

    modern exchance barter system; social currency design; Bulgaria;
    All these keywords.

    JEL classification:

    • D71 - Microeconomics - - Analysis of Collective Decision-Making - - - Social Choice; Clubs; Committees; Associations
    • D85 - Microeconomics - - Information, Knowledge, and Uncertainty - - - Network Formation
    • E40 - Macroeconomics and Monetary Economics - - Money and Interest Rates - - - General
    • E42 - Macroeconomics and Monetary Economics - - Money and Interest Rates - - - Monetary Sytsems; Standards; Regimes; Government and the Monetary System
    • O35 - Economic Development, Innovation, Technological Change, and Growth - - Innovation; Research and Development; Technological Change; Intellectual Property Rights - - - Social Innovation

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