By combining with parts of NYSE Euronext - mainly the cash equities trading business - Nasdaq could create a highly profitable exchange giant with a fearsome market share in stock trading.
For these hunter-gatherers, Suzman writes, "the sum of individual self-interest and the jealousy that policed it was a fiercely egalitarian society where profitable exchange, hierarchy, and significant material inequality were not tolerated".
But if a price prevents a buyer and a seller from making a profitable exchange an exchange that would have left both of them better off that is a problem.
Continuing this profitable exchange drained gold from the mint, leaving the mint with silver coinage.
It is a creature of that system, which has goals (of morality and social responsibility, for example) that go beyond the profitable exchange of goods.
Fees were sometimes paid on both ends of the transfer and even in-between, as the company handling the transfer calculated the most profitable exchange rate.
For the transport sector, it calls for greenhouse gas trading, which has failed to reduce CO2 emissions but has proved to be a profitable stock-exchange mechanism for capital.
Gee, do you think the banks might be a tad hesitant to punt a very lucrative line of business onto less profitable exchanges?
Closer trade links with neighbouring countries promise to stabilise food markets, enhance profitable exchanges in light manufactures, reduce consumer prices, and help develop regional production networks.
On April 9, Barclays sold its profitable exchange-traded fund division, iShares, to private equity group CVC Capital Partners to strengthen its balance sheet and avoid tapping government support.
