Quantity Theory Of Money Wikipedia

Quantity - Wikipedia.

Quantity or amount is a property that can exist as a multitude or magnitude, ... The axioms of quantity and the theory of measurement: translated from Part I of Otto Holder's German text "Die Axiome der Quantitat und die Lehre vom Mass". Journal of Mathematical Psychology, 40, 235-252. Newton, I. (1728/1967). Universal Arithmetic: Or, a ....


The General Theory of Employment, Interest and Money - Wikipedia.

The General Theory of Employment, Interest and Money is a book by English economist John Maynard Keynes published in February 1936. It caused a profound shift in economic thought, giving macroeconomics a central place in economic theory and contributing much of its terminology - the "Keynesian Revolution".It had equally powerful consequences in economic ....


Real versus nominal value (economics) - Wikipedia.

The price index is applied to adjust the nominal value of a quantity, such as wages or total production, to obtain its real value. The real value is the value expressed in terms of purchasing power in the base year.. The index price divided by its base-year value / gives the growth factor of the price index.. Real values can be found by dividing the nominal value by the growth factor of ....


Trade - Wikipedia.

Trade involves the transfer of goods and services from one person or entity to another, often in exchange for money. Economists refer to a system or network that allows trade as a market.. An early form of trade, the Gift economy, saw the exchange of goods and services without an explicit agreement for immediate or future rewards.A gift economy involves trading things without the ....


Demand for money - Wikipedia.

Quantity theory. The most basic "classical" transaction motive can be illustrated with reference to the Quantity Theory of Money. According to the equation of exchange MV = PY, where M is the stock of money, V is its velocity (how many times a unit of money turns over during a period of time), P is the price level and Y is real income..


Money creation - Wikipedia.

Money creation, or money issuance, is the process by which the money supply of a country, or of an economic or monetary region, is increased. In most modern economies, money creation is controlled by the central banks.Money issued by central banks is termed base money.Central banks can increase the quantity of base money directly, by engaging in open market operations..


Demand - Wikipedia.

In economics, demand is the quantity of a good that consumers are willing and able to purchase at various prices during a given period of time. The relationship between price and quantity demand is also called the demand curve.Demand for a specific item is a function of an item's perceived necessity, price, perceived quality, convenience, available alternatives, purchasers' ....


Monetarism - Wikipedia.

Monetarism is a school of thought in monetary economics that emphasizes the role of governments in controlling the amount of money in circulation.Monetarist theory asserts that variations in the money supply have major influences on national output in the short run and on price levels over longer periods. Monetarists assert that the objectives of monetary policy are ....


Manilla (money) - Wikipedia.

Manillas are a form of commodity money, usually made of bronze or copper, which were used in West Africa. They were produced in large numbers in a wide range of designs, sizes, and weights. Originating before the colonial period, perhaps as the result of trade with the Portuguese Empire, Manillas continued to serve as money and decorative objects until the late 1940s and are still ....


Unit of measurement - Wikipedia.

A unit of measurement is a standardised quantity of a physical property, used as a factor to express occurring quantities of that property. Units of measurement were among the earliest tools invented by humans. Primitive societies needed rudimentary measures for many tasks: constructing dwellings of an appropriate size and shape, fashioning clothing, or bartering food ....


Currency - Wikipedia.

A currency is a standardization of money in any form, in use or circulation as a medium of exchange, for example banknotes and coins. A more general definition is that a currency is a system of money in common use within a specific environment over time, especially for people in a nation state. Under this definition, U.S. dollars (US$), euros (EUR), Indian rupee (INR), Japanese ....


Money - Wikipedia.

Money is any item or verifiable record that is generally accepted as payment for goods and services and repayment of debts, such as taxes, in a particular country or socio-economic context. The main functions of money are distinguished as: a medium of exchange, a unit of account, a store of value and sometimes, a standard of deferred payment. Any item or verifiable record ....


St. Petersburg paradox - Wikipedia.

The St. Petersburg paradox or St. Petersburg lottery is a paradox involving the game of flipping a coin where the expected payoff of the theoretical lottery game approaches infinity but nevertheless seems to be worth only a very small amount to the participants. The St. Petersburg paradox is a situation where a naive decision criterion which takes only the expected value into ....


McDonaldization - Wikipedia.

McDonaldization is a McWord developed by sociologist George Ritzer in his 1993 book The McDonaldization of Society.For Ritzer, "McDonaldization" is when a society adopts the characteristics of a fast-food restaurant. The process of McDonaldization can be summarized as the way in which "the principles of the fast-food restaurant are coming to dominate more and ....


Petroleum - Wikipedia.

Petroleum, also known as crude oil, or simply oil, is a naturally occurring yellowish-black liquid mixture of mainly hydrocarbons, and is found in geological formations.The name petroleum covers both naturally occurring unprocessed crude oil and petroleum products that consist of refined crude oil. A fossil fuel, petroleum is formed when large quantities of dead organisms, ....


Creating shared value - Wikipedia.

Creating shared value (CSV) is a business concept first introduced in a 2006 Harvard Business Review article, Strategy & Society: The Link between Competitive Advantage and Corporate Social Responsibility. The concept was further expanded in the January 2011 follow-up piece entitled "Creating Shared Value: Redefining Capitalism and the Role of the Corporation in Society"..


Currency in circulation - Wikipedia.

In monetary economics, the currency in circulation in a country is the value of currency or cash (banknotes and coins) that has ever been issued by the country's monetary authority less the amount that has been removed. More broadly, money in circulation is the total money supply of a country, which can be defined in various ways, but always includes currency and also some ....


Inflation - Wikipedia.

The quantity theory of money, in contrast, claims that inflation results when money outruns the economy's production of goods. Currency and banking schools of economics argue the RBD, that banks should also be able to issue currency against bills of trading, which is "real bills" that they buy from merchants..