A sharp dichotomy is recognized concerning money and nonpecuniary values. Money in present day Culture is defined as in essence profane and utilitarian in contrast to noninstrumental values.
Keynes did not, obviously, deny the validity of the quantity equation. What he did was some thing pret
Throughout the business sector there are actually further more interesting variances by field and by size of organization. Wholesale and retail trade are superior velocity sectors, manufacturing is intermediate, and mining and community utilities retain very low velocity ratios.
Money also ha
Other than these in depth empirical investigations, there was raising problem, generally commentaries on monetary issues throughout the nineteen fifties, With all the desire elasticity of velocity. It had been often contended that through periods of mounting demand for merchandise and companies,
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