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The Philosophy of Money (1900; German: Philosophie des Geldes) [1] is a book on economic sociology by German sociologist and social philosopher Georg Simmel. [2] Considered to be the theorist's greatest work, Simmel's book views money as a structuring agent that helps people understand the totality of life. [2]
Keynes proposes two theories of liquidity preference (i.e. the demand for money): the first as a theory of interest in Chapter 13 and the second as a correction in Chapter 15. His arguments offer ample scope for criticism, but his final conclusion is that liquidity preference is a function mainly of income and the interest rate.
The Psychology of Man's Possible Evolution and The Cosmology of Man's possible Evolution, a limited edition of the definitive text of his Psychological and Cosmological Lectures, 1934–1945. Agora Books, East Sussex, 1989. ISBN 1-872292-00-3. P. D. Ouspensky Memorial Collection, Yale University Library. Archive notes taken from meetings during ...
One of the main justifications for Thaler's and Sunstein's endorsement of libertarian paternalism in Nudge draws on facts of human nature and psychology. The book is critical of the homo economicus view of human beings "that each of us thinks and chooses unfailingly well, and thus fits within the textbook picture of human beings offered by economists."
A recent trend in some monetary systems as inflation gradually reduces the value of money is to eliminate the smallest denomination coin (typically 0.01 of the local currency). The total cost of purchased items is then rounded up or down to, for example, the nearest 0.05. This may have an effect on future just-below pricing, especially at small ...
Clearly, the difference could be attributed to increased attention in the former type of rounds. 2010s studies suggested that loss aversion mostly occur for very large losses, [34] although the exact boundaries of the effect are unclear. On the other hand, loss attention was found even for small payoffs, such as $1.
Roger Money-Kyrle is known for his concept of the basic facts of life, which to him are three undeniable facts that characterize human existence. [6] These are: A person's initial dependence on the mother's breast – "the breast as a supremely good object";
The Ascent of Money: A Financial History of the World is a 2008 book by then-Harvard professor Niall Ferguson, [1] and an adapted television documentary for Channel 4 (UK) and PBS (US), [2] which in 2009 won an International Emmy Award. It examines the long history of money, credit, and banking.