منابع مشابه
Money as Minimal Complexity
We consider mechanisms that provide traders the opportunity to exchange commodity i for commodity j, for certain ordered pairs ij. Given any connected graph G of opportunities, we show that there is a unique mechanism MG that satisfies some natural conditions of “fairness” and “convenience”. Let M(m) denote the class of mechanisms MG obtained by varying G on the commodity set {1, . . . , m}. We...
متن کاملMoney as Stock
Nominal government debt, including the monetary base, is a residual claim to government surpluses. Thus, the value of Þat money can be determined in a completely frictionless economy, just like the price of stock. The main theoretical objection to this Þscal theory of the price level is that it mistreats the governments intertemporal budget constraint. I show that the valuation equation for no...
متن کاملBitcoin as Money ?
The spectacular rise late last year in the price of bitcoin, the dominant virtual currency, has attracted much public attention as well as scholarly interest. This policy brief discusses how some features of bitcoin, as designed and executed to date, have hampered its ability to perform the functions required of a fiat money––as a medium of exchange, unit of account, and store of value. Further...
متن کاملMoney as tool, money as drug: the biological psychology of a strong incentive.
Why are people interested in money? Specifically, what could be the biological basis for the extraordinary incentive and reinforcing power of money, which seems to be unique to the human species? We identify two ways in which a commodity which is of no biological significance in itself can become a strong motivator. The first is if it is used as a tool, and by a metaphorical extension this is o...
متن کاملIntra-frame variability as a predictor of frame classifiability
This paper examines the association between the variability of the speech signal inside an analysis frame and the relative difficulty of classifying that frame. We introduce a novel measure of speech frame variability and show through classification experiments that this measure is a strong predictor of classifiability, even when conditioning on the distance to segment boundaries. Finally, we s...
متن کاملذخیره در منابع من
با ذخیره ی این منبع در منابع من، دسترسی به آن را برای استفاده های بعدی آسان تر کنید
ژورنال
عنوان ژورنال: The Nordic Journal of Aesthetics
سال: 2020
ISSN: 2000-9607,2000-1452
DOI: 10.7146/nja.v29i60.122846