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3 days ago · One needs, e.g., only to think of the phenomenon of money, an institution which to so great a measure serves the welfare of society, and yet in most nations, by far, is by no means the result of an agreement directed at its establishment as a social institution, or of positive legislation, but is the unintended product of historical development.
13 hours ago · Aristotle [A] ( Greek: Ἀριστοτέλης Aristotélēs, pronounced [aristotélɛːs]; 384–322 BC) was an Ancient Greek philosopher and polymath. His writings cover a broad range of subjects spanning the natural sciences, philosophy, linguistics, economics, politics, psychology, and the arts. As the founder of the Peripatetic school of ...
13 hours ago · In his view, the introduction of money eliminates limits to accumulation. Locke stresses that inequality has come about by tacit agreement on the use of money, not by the social contract establishing civil society or the law of land regulating property. Locke was aware of a problem posed by unlimited accumulation, but did not consider it his task.
4 days ago · The paradox of growth—that we suffer from both too much of it and too little of it—is the subject of “Growth: A History and a Reckoning” (Belknap), by Daniel Susskind, an economist at King ...
4 days ago · INSKEEP: Hogeland's book, "The Hamilton Scheme," describes why Hamilton increased the national debt. He got the federal government to take over the debts of the original 13 states. The U.S. took ...
1 day ago · 8 Different Types of Money. Money exists in its various forms, each form comes with specific features. Commodity money, including gold, bears face value and is acceptable for trade, whereas fiat money, including paper money, is backed by the authority of a government. In this, representative money such as the gold standard is an example of ...
4 days ago · Sustainable development, approach to social, economic, and environmental planning that attempts to balance the social and economic needs of present and future human generations with the imperative of preserving, or preventing undue damage to, the natural environment. Sustainable development lacks a.
