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Money as an Abstraction of Value

Database Record #3 of Chapter: Money
Queried on May 22, 2013 - 2:14 pm Eastern St. Time

Controlled Scarcity -- 4 min talk

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T*VIEW(TM) is a Knowledge Realization, Teaching and Training System Developed by D&G Sciences -- Innovation Productivity Corporation and Operated by Class Express LLC *** Ask Nancy

The idea of money is to agree on a convenient measure to be associated with value, and accepted among all traders, despite the fact that it does not hold value per-se.

People searched for something handy, easy to make payments with, store, carry, and hide -- these are matters of convenience. The essential attribute of money is controlled scarcity.
If the entity that represents money is plentiful and readily available, it cannot hold value. If it is too scarce, there is not enough of it to cover the trade in the society at large.
Society must manage the scarcity and availability of its currency so that its functionality as a society, its prosperity through people's exchange will be in good order.

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Money as an Abstraction of Value

Database Record #3 of Chapter: MoneyQueried on May 22, 2013 - 2:14 pm Eastern St. Time

Controlled Scarcity -- 4 min talk

T*VIEW(TM) is a Knowledge Realization, Teaching and Training System Developed by D&G Sciences -- Innovation Productivity Corporation and Operated by Class Express LLC *** Ask Nancy

The idea of money is to agree on a convenient measure to be associated with value, and accepted among all traders, despite the fact that it does not hold value per-se.

If the entity that represents money is plentiful and readily available, it cannot hold value. If it is too scarce, there is not enough of it to cover the trade in the society at large.

Society must manage the scarcity and availability of its currency so that its functionality as a society, its prosperity through people's exchange will be in good order.

and do it to us. Your opinion will be acknowledged, and incorporated in future versions of this T*VIEW account.

Select: Mr. Ms. Eng. Dr. Pf. First Name: Last Name: eMail: Contact Information:

Database Record #3 of Chapter: Money
Queried on May 22, 2013 - 2:14 pm Eastern St. Time

Select: First Name:
Last Name:
eMail:
Contact Information: