Search Results for circulation

... Coins,Are Particularly Examined . New York: Kelley. Lowndes, W. 1695 . A Report Containing an Essay for the Amendment of the Silver Coins . London. Lowry, S. T. 1974 . The Archaelogy of the Circulation Concept in Economic Theory. Journal of the History of Ideas 35.3 : 429 -44. Macaulay, T...

.... Book Reviews 1045 The Circulation of Capital: Essays on Volume Two of Marx’s Capital. Edited by Christopher J. Arthur and Geert Reuten. London: Macmillan; and New York: St. Martin’s Press, 1998. viii; 240 pp. $65.00. This book contains the proceedings of a conference held in 1995 at Mount...

... stabilizing prices. Fifth, the circulation process of sovereign money consists of two parts: the state's minting of coins (or issuing of paper money) and spending are the outflow of money, and levying monetary taxes (or selling goods) is the inflow of money. The state stabilizes the value of money...

.... A second section discusses the basic features of Luther's economic “theory.” This gives rise to a brief discussion of the development of the money supply in Germany in the period and the most likely development in the velocity of the circulating coins. Both are important for setting the context...

... to circulate his proof. After his sudden death in 1950, only Wald's preliminary proof of 1934 was translated into English for Econometrica . When thus Kenneth J. Arrow, Gérard Debreu, and Lionel McKenzie in 1954 referred in their own fixed-point proofs only to Wald's preliminary published version, his 1935...

... of the market discipline that throws any convertible issue in excess out of circulation. In addition to the description of the different channels of reflux inside the banking system (channels of the clearing mechanism may be described as the law of interbank reflux), the article extends the matrix of reflux...

... with governors, bankers, and other trading interests. The network he built during his first trips to the Philippines, and well as his first publications, contributed to wide circulation of his ideas, which were then used as a lobbying instrument to disseminate a simple but multipurpose design for monetary reform...

... and circulation of the three early versions of the Tableau . One of the points the authors make is that Madame de Pailly, Mirabeau's lover, acted as a go-between for the two men at that time and was instrumental in convincing Quesnay to share the Tableau with the marquis and to publish it in the sequel...

..., constructed by the Norwegian economist and communist Leif Johansen, from its publication in 1960 to its implementation in national macroeconomic planning and its wider circulation under the label of “computable general equilibrium models.” In Norway, it became one component of a “system of models,” which, far...

... worlds they provoke; and (3) to investigate the ways in which some of them stabilize and remain as infrastructures of economic reasoning in academic and policy realms, as well as the ways in which some of them either do not circulate at all or simply get lost. Such perspectives regarding the complexity...

... defined “middle class.” This article unpacks this story of inclusionary development by considering the controversies surrounding the production and circulation of large numbers, and how such controversies sustained the technopolitics of Brazil’s “new middle class.” I draw on multisited ethnography...

..., money had to be made of precious metals, as Le Trosne, the main architect of the physiocratic monetary doctrine, forcefully asserted. This doctrine of money created a tension: from the circulation perspective, money was not considered as a component of wealth and could be replaced by paper to simply...

... live in harmony. Marx’s criticism of their support for labor-money was based on two points. (i) Since no form of money can change the basic relation between production and circulation, it is impossible to get rid of crises by a new form of money.6 (ii) The suggestion that paper money...

... quality as medium of exchange, as instrument of circulation .2 Marx’s theoretical formulation amounts to the same quantitative rela- tionship as the famous MV = PT of the quantity theory: . . . for a given interval of time during the process of circulation, we have the following...

... that the classical “rapidity of circulation” did not have the same time dimension as the neoclassical concept of “velocity.”11 Marget’s remark that the monetary theory of James Mill “ran in terms of the ‘quantity’ of money, its ‘velocity,’ and so on” and its context revealed no awareness...

... a postscript on the present commercial stagnation (second letter to Lord Grenville) . London. Tooke , T. 1928a . A history of prices and of the state of the circulation from 1793 to 1837 , vols. I and II (1838) London. Tooke , T. 1928b . A history of prices and of the state...

... on the Publication of Walter Boyd . London: Minerva Press. ———. [1797] 1967a . Further Observations on the Establishment of the Bank of England and on Paper circulation of the Country . London: Minerva Press [Kelley Publishers]. ———. [1797] 1967b . Observations on the Establishment of the Bank of England...

... 1980 . ‘The real bills versus the quantity theory.’ Journal of Political Economy 90 ( Dec. ). Smith , A. 1976 . The wealth of nations . Reprint of the Cannan edition. Chicago. Tooke , T. 1838–1857 . A history of prices and the state of circulation from 1793 to 1857 , vols. 1–6...

.... This is the analysis set out in Chapter 17 of the Treatise. But an essential preamble to this chapter-as well as to all the others of Book IV-is Chapter 15, “The Industrial Circulation and the Finan- cial Circulation,” with which Keynes begins Book IV. By “the indus- trial circulation” Keynes meant...

... distributional equilibrium. They are said to use the same mode of reasoning-from the existence ‘in pro- duction’ of a surplus to its distribution ‘in commodity circulation’ between wages and profits. Perhaps most importantly, they are treated as having fundamentally the same concept of value from...