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Page:Georg Freidrich Knapp - The State Theory of Money (1924 translation).pdf/19; Page:Georg Freidrich Knapp - The State Theory of Money (1924 translation).pdf/20; Page:Georg Freidrich Knapp - The State Theory of Money (1924 translation).pdf/214; Page:Georg Freidrich Knapp - The State Theory of Money (1924 translation).pdf/251
Some scholars suggest that the directionality of the imperial boomerang needs to be re-evaluated. Political scientist Stuart Schrader argues for a colony-centered explanation to the boomerang effect, especially in the case of the United States where imperial and racial violence predates the heyday of the American empire. [16]
Robertson worked closely with John Maynard Keynes in the 1920s and 1930s, during the years when Keynes was developing many of the ideas that later were incorporated in his General Theory of Employment, Interest and Money. Keynes wrote that at that time, working with Robertson, it was good to work with someone who had a "completely first class ...
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Created Date: 8/30/2012 4:52:52 PM
Sensenig & Brehm [7] applied Brehm's reactance theory [8] to explain the boomerang effect. They argued that when a person thinks that his freedom to support a position on attitude issue is eliminated, the psychological reactance will be aroused and then he consequently moves his attitudinal position in a way so as to restore the lost freedom.
Monetary economics is the branch of economics that studies the different theories of money: it provides a framework for analyzing money and considers its functions ( as medium of exchange, store of value, and unit of account), and it considers how money can gain acceptance purely because of its convenience as a public good. [1]
Without the savings, there is no pressure to lower interest rates, so there is no incentive for businesses to invest. In his theory on money he asserts that investment is an "undependable drive wheel for the economy," and when no new investment can be found, the economy will begin to falter. [5]