[permalink] [id link]
According to economist William Stanley Jevons ( 1875 ), representative money arose because metal coins often were " variously clipped or depreciated " during use, but using representations for the value stored in banks ensured its worth.
Some Related Sentences
According and economist
According to economist Eduard Aghajanov, Armenia could have repaid them with low-interest loans from other, presumably Western sources, or with some of its hard currency reserves which then totaled about $ 450 million.
According to economist John Quiggin, the standard features of " economic fundamentalist rhetoric " are " dogmatic " assertions and the claim that anyone who holds contrary views is not a real economist.
According to the what economist Nicholas Barr describes as the " classical definition of income :" the 1938 Haig-Simons definition, " income may be defined as the ... sum of ( 1 ) the market value of rights exercised in consumption and ( 2 ) the change in the value of the store of property rights ..." Since the consumption potential of non-monetary goods, such as leisure, cannot be measured, monetary income may be thought of as a proxy for full income.
According to Austrian economist Ludwig von Mises, who had met Weber during his time at the University of Vienna,
According to Rajiv Sethi, an economist at Columbia University, black-white segregation in housing is slowly declining for most metropolitan areas in the US Racial segregation or separation can lead to social, economic and political tensions.
According to economist theorists, companies receive a convenience yield by holding inventories of certain commodities.
According to economist Steve Keen, the " deleveraging " moments when they ( or the governments they live under ) pay down debt instead of spending on consumption or investment in real-economy infrastructure, result in economic crises or even depressions ( such as The Great Depression ).
According to health economist Uwe Reinhardt, " strictly speaking, the term ' socialized medicine ' should be reserved for health systems in which the government operates the production of health care and provides its financing.
According to economist Frank Knight, it is different from risk, where there is a specific probability assigned to each outcome ( as when flipping a fair coin ).
According to cooperative economist Charles Gide, the aim of a cooperative wholesale society is to arrange “ bulk purchases, and, if possible, organise production .” The best historical example of this were the English CWS and the Scottish CWS, which were the forerunners to the modern Co-operative Group.
According to economist Robin Hanson, in 1990 the first known corporate prediction market was used at Xanadu.
According to economist Stephen P. Magee, the benefits of free trade outweigh the losses by as much as 100 to 1.
According to the Marxist economist Ernest Mandel, who popularised the term with his 1972 PhD dissertation, late-stage capitalism will be dominated by the machinations – or perhaps better, fluidities – of financial capital ; and also by the increasing commodification and industrialisation of ever more inclusive sectors of human life.
According to economist Michael Hudson, China has said, " we don't want to make any more foreign exchange reserve of any paper currency, because all the paper currencies are government debt currencies.
According to economist and historian Murray Rothbard, between 1839 and 1843, real consumption increased by 21 percent and real gross national product increased by 16 percent, despite the fact that real investment fell by 23 percent and the money supply shrank by 34 percent.
According to a review by Geoffrey M. Hodgson, the term " social Darwinism " was first used in an English-language academic journal in an 1895 book review by the Harvard economist Frank Taussig ( it had been used as early as 1877 in Europe ).
According to the work of Nobel prize winning economist and expert on famines Amartya Sen, most famines do not result just from lower food production, but also from an inappropriate or inefficient distribution of the food, often compounded by lack of information and indeed misinformation as to the extent of the problem.
According to a study by economist David Card, deregulation resulted in the shift of approximately 5, 000 to 7, 000 airline mechanic jobs from the major trunk airlines to smaller carriers between 1978 and 1984.
According to economist Claudia Goldin, the success of the cliometric revolution had as an unintended consequence the disappearance of economic historians from history departments.
" According to Keynesian economist, Paul Krugman, the work of Friedman and Schwartz became dominant among mainstream economists by the 1980s but should be reconsidered in light of Japan's Lost Decade of the 1990s.
According and William
According to William Ringler's study, Stephen Gosson, the theater business in London had become a thriving enterprise by 1577, and, in the opinion of many, a thoroughly bad business.
According to William Derham, during the severe winters of 1703 and 1708 the ice cover permeated as far as the Danish straits, parts of the Gulf of Bothnia and Gulf of Finland, in addition to coastal fringes in more southerly locations such as the Gulf of Riga.
According to Gibson, he was inspired by the big screen epics he had loved as a child, such as Stanley Kubrick's Spartacus and William Wyler's The Big Country.
According to William Burt, in his notes to Dartmoor, a Descriptive Poem by N. T. Carrington ( 1826 ), the original tomb consisted of a pedestal of three steps, the lowest of which was built of four stones each six feet long and twelve inches square.
According to William J. Novak, however, liberalism in the United States shifted, " between 1877 and 1937 ... from laissez-faire constitutionalism to New Deal statism, from classical liberalism to democratic social-welfarism ".
According to lexicographer William Smith, " She was accused of too much familiarity with Orestes, prefect of Alexandria, and the charge spread among the clergy, who took up the notion that she interrupted the friendship of Orestes with their archbishop, Cyril.
According to William Lutz: “ Only by teaching respect and love for the language can teachers of English instill in students the sense of outrage they should experience when they encounter doublespeak.
According to William Loeffler, from The American Book of the Dog ( 1891 ), in the chapter on Dachshunds: " The origin of the Dachshund is in doubt, our best authorities disagreeing as to the beginning of the breed.
According to Husserl, this view of logic and mathematics accounted for the objectivity of a series of mathematical developments of his time, such as n-dimensional manifolds ( both Euclidean and non-Euclidean ), Hermann Grassmann's theory of extensions, William Rowan Hamilton's Hamiltonians, Sophus Lie's theory of transformation groups, and Cantor's set theory.
According to official reports, the ship was carrying approximately of oil, of which about were spilled into the Prince William Sound.
According to his personal secretary and chaplain, William Rawley, as a judge Bacon was always tender-hearted, " looking upon the examples with the eye of severity, but upon the person with the eye of pity and compassion ".
According to John Major's autobiography, the first thing Redwood's successor William Hague said, on being appointed, was that he had better find someone to teach him the words.
According to English philologist Walter William Skeat ( 1835-1912 ), the origin is to be found in the name for a cask or liquid measure appearing in various forms in several Teutonic languages, in Dutch oxhooft ( modern okshoofd ), Danish oxehoved, Old Swedish oxhufvod, etc.
According to Thomas Edge, an early 17th century whaling captain who was often inaccurate, " William Hudson " discovered the island in 1608 and named it " Hudson's Touches " ( or " Tutches ").
According to William Scoresby ( 1820: p. 154 ), referring to the mistaken belief that the Dutch had discovered the island in 1611, Hull whalers discovered the island " about the same time " and named it " Trinity Island ".
According to William Bradford ’ s Of Plimoth Plantation, he was hired as a cooper in Southampton, England, just before the voyage to America.
According to William Seale, he took several slaves with him to Washington to serve at the White House from 1817 to 1825.
According to William of Tyre, writing in the later 12th century when Godfrey had become a legendary hero, he refused to wear " a crown of gold " where Christ had worn " a crown of thorns ".
According to William of Tyre, Godfrey may have supported Daimbert's efforts, and he agreed to take possession of " one or two other cities and thus enlarge the kingdom " if Daimbert were permitted to rule Jerusalem.
According to William of Tyre, " barely three hundred knights and two thousand foot soldiers could be found " in the kingdom in 1100 during Godfrey's siege of Arsuf.
According to historian William Manchester, his great grandson Alfried Krupp would interpret these outbursts as a prophecy fulfilled by the coming of Hitler.
According to a modern history of the regiment, the idea for creating this unique force was proposed by Jacques Prevost, a Swiss soldier and adventurer who was a friend of The Duke of Cumberland ( William, who was the King's second son and was Commander-in-Chief of the Forces.
According to Viking lore, Canute the Great used 1, 400 in Norway in 1028, and William the Conqueror used about 600 for the invasion of Britain in 1066 in the post Viking period.
According to John of Fordun, whose account is the original source of part at least of William Shakespeare's Macbeth, Malcolm's mother was a niece of Siward, Earl of Northumbria, but an earlier king-list gives her the Gaelic name Suthen.