... fraction the size ofthe rudder. Its function is to make it easier to turn the rudder, which, then, makes it easier to turn the ship. The larger the ship, the more important is the trim tab ... tail end of the tanker to the right, in order to turn the front to the left. This, of course, is the job ofthe rudder. But in what direction does the rudder turn in order to get the ship's ... in the desired direction. But, if you want the rudder to turn to the left, what direction do you turn the trim tab?—to the right, naturally. The entire system the ship, the rudder, and the...
... may be thelawsof General Relativity, quantum theory, anda few other theories; or thelawsof a Grand Unified Theory; or thelawsof aTheory of Everything. But what is meant by the claim that ... former hypotheses might be less probable a priorithan the hypothesis of theism, the disjunction ofthe former is plausibly moreprobable than the hypothesis of theism as an explanation ofthe world’s ... from phenomena to the hypothesis of theism (that there is a God),which best explains them.1Each of these phenomena gives some probabil-ity to the hypothesis, and together they make it more...
... people what they want via the Six Lawsof Persuasion,they’ll most likely return the favor. And when yourecognize that you are being manipulated,you can call the other side on their tactics ... tactics that use the preceding Lawsof Persuasion. So how do you successfully negotiate around these ploys? First, you can discuss the rules ofthe game. When you recognize that the other side is ... “tit-for-tat” rule (the lower the “value” ofthe concession on your part, of course, the better).You can also use this law to appeal to fairness. For example, if the other party manipulates the physical...
... tactics that use the preceding Lawsof Persuasion. So how do you successfully negotiate around these ploys? First, you can discuss the rules ofthe game. When you recognize that the other side is ... “tit-for-tat” rule (the lower the “value” ofthe concession on your part, of course, the better).You can also use this law to appeal to fairness. For example, if the other party manipulates the physical ... people what they want via the Six Lawsof Persuasion,they’ll most likely return the favor. And when yourecognize that you are being manipulated,you can call the other side on their tactics...
... for money. The ceteris-paribus lawsof economic theory are strictlyqualitative and only indicate the direction ofthe effect each of these events has on the purchasing power ofmoney and that the change ... hide the naked plunder ofthe Emperor. The task of the historian, then, is to penetrate to the essence ofthe transac-tion, to strip the ideological garb from the Emperor Stateand to reveal the ... motives of the proponents ofthe Federal Reserve Act. After a brief andsuperficial account ofthe events leading up to the enactment of the law, they hasten to return to the main task of their “mone-tary...
... RobertAndy,whatdoyouthink of mutualfunds?Andy Ithinkthey’reagreatwaytomake money ifyousellthemtootherpeople.Honestly,Ithinkthey’reone ofthe worstplaces a person can put money. ey make other ... my real estate. Robert at’s right.Ken at’s the truth.Robert So themoney owsfrom the E’sandS’s…KenAnd then I make money on their money. Robert KimandIjustboughtthishugeproperty,vegolfcoursesandamajorresort,andmost ofthemoney camefromretirementplans.Sokeepputtingthat money inthat401(k),youguys,becauseithastogosomewhere.Cashalwaysows,anditowsfrom the E’sandS’sto the B’sandI’s.Andthat’swhynancialeducationissocrucial.Any ... past decade, the average income afterinationhasfallen.So the harderpeoplework, the lessthey’remakingbecause the governmentand the FederalReserve, the banking system, they’re basically...
... Immutable LawsOf Marketing.html15. The Law of Candor16. The Law of Singularity17. The Law of Unpredictability18. The Law of Success19. The Law of Failure20. The Law of Hype 21.The Law of Acceleration22. ... govern success and failure in the marketplace.We call these principles the Immutable Lawsof Marketing, and there are 22 of them. Violate them at your own risk.1 The Law of LeadershipIt’s better ... “getting the facts.” They analyze the situation to make sure that truth is on their side. Then they sail confidently into the marketing arena, secure in the knowledge that they have the best...
... intensification of them, are unavoidable.57 At the end of his treatment ofthe “Law ofthe Tendency ofthe Rate of Profit to Fall” in Part Three of Volume Three of Capital Marx links the rupture ofthe ... not a theory ofthe causes of crisis in capitalism or of capitalism’s lawsof motion. A complete theory of crisis requires the analysis ofthe general laws and tendencies inherent in the specific ... macro theory. The gross rate of profit is the ratio of interest plus rent plus the profit of industrial and commercial enterprises to invested capital. The net rate of profit is the ratio of industrial...
... Factorsin the Theory of the Value of Money The Objective Exchange-Value of Money The Problems Involved in the Theory of the Value of Money 97100102CHAPTERII THE DETERMINANTS OF THE OBJECTIVEEXCHANGE-VALUE,ORPURCHASINGPOWER, OF MONEY (1) The Element of Continuityin the ObjectiveExchange-Value of Money § ... to the more abstract parts of the theory of the value of money. Professor von Mises shares withMarshallandone or two others the merit of having assimilated the treatment of this theory to the general ... in the Theory of the Value of Money 97100102CHAPTERII THE DETERMINANTS OF THE OBJECTIVEEXCHANGE-VALUE,ORPURCHASINGPOWER, OF MONEY (1) The Element of Continuityin the ObjectiveExchange-Value of Money § I The Dependence of the SubjectiveValuation of Money on the Existence of Objective Exchange-Value108§ 2 The Necessity...
... thiscase the unfairness ofthe terms and the cycle of debtthey produced created animosity. Farmers kept onlysmall sums ofmoney to purchase essentials at villagemarkets. There was some fear of theft, ... adopt the riel completely, there are variousmeans of increasing confidence in the currency aswell as lowering the costs ofthe current system.While none of these solutions is likely to work in the ... during the 1975–79 period. Yet there is another significant contributing fac-tor to the underdevelopment of its economy: Cam-bodia is the only country in the world ever to haveabolished money. The...
... that the central bank unilaterally sets the level ofthe monetary base, i.e. the monetary base is the instrument of monetary policy. Themoney multiplier then determines the supply of broad money, ... simply determined as a multiple ofthe monetary base, depending on the size ofthemoney multiplier. The concept ofthemoney multiplier derives from the basic feature of deposit banking that, ... real-time identication ofthe effects of these developments on the supply of money will be an important contribution of the monetary analysis to the assessment ofthe appropriate monetary...
... know about thelawsof marketing?)Not only does the first brand usually become the leader, but also the sales order of follow-up brands often matches the order of their introductions. The best ... products.So what’s the name ofthe first brand of aspirin? The first brand of acetaminophen? The first brand of ibuprofen? (Hint: Substitute leading for first and you’ll have the answers to these three ... rent-a-cars” was one of its campaigns. The reader looked at the ad and wondered, How could they have the finest rent-a-car service when they’re not on the top rung of my ladder?Then Avis did the one thing...
... Kinds ofMoney I.4 Money and the State I.5 Money as an Economic Good I.6 The Enemies ofMoney Part II The Value ofMoney II.7 The Concept ofthe Value ofMoney II.8 The Determinants ofthe ... Power, ofMoney II.9 The Problem ofthe Existence of Local Differences in the Objective Exchange Value ofMoney II.10 The Exchange Ratio Between Moneyof Different Kinds II.11 The Problem of Measuring ... succeeded in differentiating the utility ofthe two for monetary purposes. The consequence was the increased employment of one ofthe metals and the disappearance ofthe other. The legislative and...
... the supply ofmoney in the modern world. In The Theory ofMoney and Credit, Mises set down the correct guidelines: money is the general medium of exchange, the thing that all other goods and ... 143–56.] I. THE DEFINITION OFTHE SUPPLY OFMONEY The concept of the, supply ofmoney plays a vitally important role, in differing ways, in both the Austrian and the Chicago schools of economics. ... (the supply of standard cash) and M1, the total of demand deposits.3 Why then did Mises, the developer ofthe Austrian theory of money, argue for including demand deposits as part of the...