War, money & economy: Inflation and production in the Fed and pre-Fed periods

Author(s):  
Thomas L. Hogan ◽  
Daniel J. Smith
Keyword(s):  
1952 ◽  
Vol 12 (1) ◽  
pp. 94
Author(s):  
Yi-T'ung Wang ◽  
Delmer M. Brown
Keyword(s):  

2017 ◽  
pp. 55-62
Author(s):  
Lisa Gitelman

Although mostly forgotten today, nickel-in-the-slot phonographs were a popular and telling symptom of acoustic modernity around 1890. At the rate of a minute or two of recorded sound per nickel deposited, these machines paved the way for the widespread private ownership of phonographs by pioneering their use a public venue where the uncanny experience of listening to absent voices was standardized by the logics of exchange and exhibition. The sound of money falling into the slots was answered automatically by the siren’s call of a voice with no speaker, calling for more money to be deposited. Because they flickered briefly at a conjunction of publics and markets, automatic phonographs provide a way to parse some of the conflicts attending the money economy during the 1890s, that crucial decade in the establishment of modernity as a technological way of life. Canning popular music, and privatizing its audition in serial acts of consumption, these devices were instrumental in the progressive abstraction of public space. Considering both the design and contexts of use of the devices helps to illuminate the conflicted subjectivities of markets and publics in the fin de siècle.


2019 ◽  
pp. 124-148
Author(s):  
Kazimierz Łaski

The capitalist economy is a money economy. But how is money created and destroyed? Is it exogenous, a limited resource like gold, or is it endogenous, emerging from processes of production and distribution? How is credit generated and what is the relationship between credit and savings? One form of endogeneity arises from bank balance sheets and the theory of the monetary circuit. This reveals the credit relations between households and firms. However, banks also need a central bank as a lender of last resort. In recent years, central banks have deployed quantitative easing to deal with economic recession. The other form of endogeneity arises from the “verticalist” and the “horizontalist” analyses of the market for base money, whose demand and supply is brought into equilibrium by the money rate of interest. Government bonds are used in portfolios as risk-free financial assets.


Speculum ◽  
1953 ◽  
Vol 28 (2) ◽  
pp. 384-386
Author(s):  
Lien-Sheng Yang
Keyword(s):  

2007 ◽  
Vol 4 (2) ◽  
pp. 225-240 ◽  
Author(s):  
Hiroyuki Honda

AbstractThis article studies the role copper coinage, mainly of Chinese origin, played as the currency of preference in medieval Japan and the process by which it replaced commodities as the main medium of exchange. By the late fifteenth century a major watershed in the development of a money economy had been reached, when distinctions began to be made between good-quality coins and others. The practice of shroffing then became widespread. Though both the Bakufu and local magnates attempted to forbid the practice, local needs dictated which coins were circulated. A contrast in usage grew up between “pure coins” (seisen), that is authentic or standard coins, and “inferior coins,” such as those privately minted in Japan and certain Ming coins. Attention is drawn to the need to distinguish between the monetary policy and their financial policy in the anti-shroffing decrees issued by the authorities.


Sign in / Sign up

Export Citation Format

Share Document