The Mechanics of Money
The Mechanics of Money by Jacques Riboud
English | 14 Jan. 2014 | ISBN: 1349051144 | 324 Pages | PDF | 30 MB
English | 14 Jan. 2014 | ISBN: 1349051144 | 324 Pages | PDF | 30 MB
The creation, the life and the eventual destruction of a unit of money, its effects on the constituent elements of the economy and its relations with economic activity and prices, can all be described in terms of a kind of 'mechanics'. There is a mechanics of money just as there is a soil mechanics and a fluid mechanics, the expression being understood in the sense of a coherent theoretical structure derived from experience and intended to define in time and space the states, positions and effects of certain phenomena in terms of their mutual relations as well as of external factors.