https://www.superphysics.org/social/economics/principles/part-4/chapter-02/section-04/ Recent content in Money on Superphysics Hugo en Fri, 03 Nov 2023 00:00:00 +0000 https://www.superphysics.org/social/economics/principles/part-4/chapter-02/section-04/unit-01/ Thu, 30 Dec 2021 00:00:00 +0000 https://www.superphysics.org/social/economics/principles/part-4/chapter-02/section-04/unit-01/ <p>Money is a kind of circulating capital.</p> https://www.superphysics.org/social/economics/principles/part-4/chapter-02/section-04/unit-02/ Fri, 03 Nov 2023 00:00:00 +0000 https://www.superphysics.org/social/economics/principles/part-4/chapter-02/section-04/unit-02/ <h2 id="the-time-value-of-money-as-an-effect-of-the-force-of-capital">The Time Value of Money as an Effect of the Force of Capital</h2> <!-- The Force of Capital The Time Value of Capital --> <figure class="text-center pb-5"> <img src="https://www.superphysics.org/graphics/econ/resourcemechanism.png" alt="Resource Mechanisms" class="rounded-lg shadow mx-auto " loading="lazy"> <figcaption>Money is the crudest resource mechanism. This is why it is often said to be the root of all evil.</figcaption> </figure> <p>The time value of money states that a dollar today is worth more than a dollar tomorrow. This is due to a few key reasons:</p> https://www.superphysics.org/social/economics/principles/part-4/chapter-02/section-04/unit-03/ Sat, 18 Apr 2020 00:00:00 +0000 https://www.superphysics.org/social/economics/principles/part-4/chapter-02/section-04/unit-03/ <p>People have loved money ever since it was invented. The philosophers David Hume and Socrates, on the other hand, were not so keen on money because of its drawbacks, which we distill into three, which arise from its <strong>static</strong> nature:</p> https://www.superphysics.org/social/economics/principles/part-4/chapter-02/section-04/unit-04/ Sat, 18 Apr 2020 00:00:00 +0000 https://www.superphysics.org/social/economics/principles/part-4/chapter-02/section-04/unit-04/ <h2 id="the-market-as-monied-people">The &ldquo;Market&rdquo; as Monied People</h2> <p>Economists talk about &ldquo;the market&rdquo; as if it were a weather system—something that happens <em>to</em> us, with its own moods and mysterious logic.</p> <ul> <li>Journalists write: &ldquo;The market reacted negatively to the jobs report.&rdquo;</li> <li>Economists say: &ldquo;Market sentiment is bearish.&rdquo;</li> </ul> <p>But in reality, <strong>the &ldquo;market&rdquo; is not a thing</strong>.</p>