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hm-Bawerk: Field Operations as Exchange
Eugen von Böhm-Bawerk's theory of exchange (*Capital and Interest*, 1884) holds that every voluntary trade leaves both parties better off — otherwise they would not trade.hm-Bawerk, Eugen von Field multiplication is a formal analogue: two elements “combine” to produce a third, and the operation is reversible (multiply by the inverse to recover either factor).…
— From: Field Arithmetic: Add, Multiply, Invert, Exponentiate
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