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Home / Economics 2

Economics 2

Money Supply (M0) to GDP Ratio
Equation of exchange: M0 x Velocity of Money = Nominal GDP

Demand is also a factor. A larger economy needs more money.
e.g. like how a larger body needs more volume of blood to function well.

Demand can be manipulated.

Velocity of Money - Price Level
Quantum Theory of Money - Equation of Exchange
Criticism by Marx - Labour Theory of Value

Marx viewed profits as exploitation.
Nassau William Senior proposed the abstinence theory of interest.

rough
The society that prospers in art will prosper.

A friend of all is a friend of none (Indian Idol worship analogy - they don't do idolatry)
e.g. in Sankhya, we assume a rolemodel God and try to attain oneness with it, renouncing the body

Shabda - Vaidika vs Laukika

Bhagwan (Vishnu), Eeshvara (Shiva), Brahman, Purusha

Purusha - Efficient Cause
Prakriti - Material Cause

Ishvara - Nimitta Karana (Efficient Cause?) (Advaita Samkhya)

  • Doublespeak-Jargon-Trust is the only way for Aristocracy.

Generic UI vs Personalized UI (learn)
Fine Arts / Fine Knowledge.

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