A rough consensus about the exchange of obligation between employed and employer is struggling to be born.
Besides futures, there are options (the right, but not the obligation, to buy or sell at a given price), forwards (cousins of futures, not traded on exchanges) and swaps (exchanging one lot of obligations for another, such as variable for fixed interest payments).
"Rather than recognizing needs, it concedes 'entitlements,' and instead of ensuring equal access to public goods, it offers rewards in exchange for the fulfillment of obligations -- the quintessential coinage in this sense being 'workfare.'".
"Chrysler equity was given to the health care trust in exchange for billions of dollars of obligations that the auto company had to the trust," Mr. Rattner said by e-mail.
Regulate the referral system, establishing legal obligation for exchange of information among relevant agencies.
Reciprocal social relations, as in the transfer of women in marriage between kin groups, is similar in terms of obligations and types of relationships to gift exchange.
The first result was the federal Code of Obligations of 1881, which regularized the law of commerce and exchange.
Exchanging gifts for sex is often a part of a broader set of obligations that might not involve a predetermined payment or contract (11).
Every merchant — pharmacist, greengrocer or milliner — should do likewise, but a bookstore clerk, dealing in the exchange of ideas, has an even greater obligation.
In the world of the Analects, the dynamics of social exchange and obligation primarily involved movement up and down along familial roles that were defined in terms of how they related to others within the same lineage.
