ABSTRACT
An economic exchange is an event involving at least two trade partners and at least two objects. The existence of relative exchanges is laid neither in an axiomatic proposition nor in the body of hypotheses: it is taken as an obvious truth, a tautology, a truism. This chapter discusses that absolute exchanges hidden within relative exchanges, of which they are the “secret” foundation, suffer from a fatal flaw; they are expressed through “dimensionless numbers” although it is logically impossible, in the science of exchanges or relative prices, to transform a “good” into a number. The wage system has not brought anything fundamental to the emissions regime, except for the category of non-wage incomes. The microeconomic theory of prices is a failure since the search for utilities is still based on the representation of a dimension that would be specific to economic goods.
