Using simple but rigorously defined mathematical models, Thomas Quint and Martin Shubik explore monetary control in a simple exchange economy. Examining how money enters, circulates, and exits an economy, they consider the nature of trading systems and the role of government authority in the exchange of consumer goods for storable money; exchanges made with durable currency, such as gold; fiat currency, which is flexible but has no consumption value; conditions under which borrowers can declare bankruptcy; and the distinctions between individuals who lend their own money, and financiers, who lend others’.div/DIV
Exegetical study of Proverbs 10:1‑22:16. Proverbs are neither statements of this-worldly cause and effect nor universally applicable doctrines of divine order. Rather, a proverb's meaning and ,truth' are conditioned by the context. The author delimits sections which the editor(s) of the collection consciously grouped together in their present sequence. He then examines how these literary arrangements both influence the meaning of the individual proverbs and determine their function in context. Indexes of names, passages and subjects are included.
Fighting the First World War consumed lives, material, and money. Millions died; more suffered. By the war's end, the political map of Europe had been redrawn as empires disappeared and new states arose. In Britain, France, and the Financing of the First World War Martin Horn traces the financial contours of the war, which crippled France financially, leaving Britain, itself weakened, to contest international financial leadership with the United States, the principal beneficiary of the war.Horn shows that victory followed not only from the ability to arm and feed mass armies but also from the capacity to raise money. Fighting the war imposed new demands on the belligerents, extending the power of the state and forcing cooperation among allies. Given their long tradition of hostility, adapting to these new realities was a wrenching process for Britain and France. Britain financed the war not only to win but also to preserve its prewar financial dominance; France financed it to survive and to ensure that the stability of the Third Republic was not threatened.
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