Money, time preference and external balance
نویسندگان
چکیده
منابع مشابه
Time Preference and Money: A Dynamic Reappraisal
Friedman (1950) championed a shift from a fixed exchange rate regime (Bretton Woods) to a world of central bank issued floating currencies. Following Menger (1892) and Mises (1971), we see that the exchange-value of money lies in the original use-value of a commonly accepted medium of exchange. However, actors also incorporate their inter-temporal preferences in choosing a money. Not only their...
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Time preference has a peculiar role in determining the level of economic activities. Time preferenceis the most important origin of interest rate. In this paper we study the founders and defenders'viewpoints about time preference and then we try to criticize them. It seems that discounting futureutilities is resulting from irrationality and it is ethically indefensible too. From mathematical as...
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This essay argues that taking the economy seriously in histories of science could not only extend the range of activities studied but also change--often quite radically--our understanding of well-known cases and instances in twentieth-century science. It shows how scientific intellectuals and historians of science have followed the money as a means of critique of particular forms of science and...
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Money, a resource that absorbs much daily attention, seems to be involved in much unethical behavior, which suggests that money itself may corrupt. This research examined a way to offset such potentially deleterious effects-by focusing on time, a resource that tends to receive less attention than money but is equally ubiquitous in daily life. Across four experiments, we examined whether shiftin...
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ژورنال
عنوان ژورنال: European Economic Review
سال: 1989
ISSN: 0014-2921
DOI: 10.1016/0014-2921(89)90136-0