exchangeability

Example Sentences

Examples are provided to illustrate real-world usage of words in context. Any opinions expressed do not reflect the views of Dictionary.com.

The sorts of long-term, case-controlled studies that could prove the exchangeability premise once and for all would be almost impossible to carry out.

From Slate • Apr. 23, 2013

But the theory of exchangeability is a separate matter, and cannot be deduced from the theory of value alone.

From The Value of Money by Anderson, Benjamin M.

The scheme, assuming as it does, perfect exchangeability of all goods, with infinitesimal increments in consumption, has no place for money.

From The Value of Money by Anderson, Benjamin M.

Cf. also Amasa Walker's contention that "exchangeable value" is tautology, equivalent to "exchangeable exchangeability!"

From The Value of Money by Anderson, Benjamin M.

Value is an essential precondition of exchangeability, but can exist without it.

From The Value of Money by Anderson, Benjamin M.