cover image: The George Washington University Minerva Program Theory and Operation of a Modern Economy

20.500.12592/pw45tq

The George Washington University Minerva Program Theory and Operation of a Modern Economy

2 Apr 2021

Oresme, the greatest economic thinker of the Middle Ages, argued that the quantity of precious metal in circulation determines the value of the currency. [...] As many provinces of his native Poland, and other parts of Europe, had suffered from debasement, the great astronomer argued that it was the total number of coins in circulation, rather than the weight of metal they contained, that determined the level of prices and the buying power of the currency. [...] Because a number of currencies, especially the French franc, were the target of speculation, the width of the official currency bands was increased greatly in order to preserve the system. [...] The interest in the concept of teleworking started in the early seventies because of the first oil crisis. [...] We need to know and agree if the principles of freedom of information and expression developed for the media of the past can be applied to the network of the future.
Pages
26
Published in
United States of America

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