
The Economic Way of Thinking 13th Edition by David Prychitko, Peter Boettke, Paul Heyne
Edition 13ISBN: 9780132992695
The Economic Way of Thinking 13th Edition by David Prychitko, Peter Boettke, Paul Heyne
Edition 13ISBN: 9780132992695 Exercise 1
Money gets a lot of attention, but tends to have a bad press. Are the authors of the following statements talking about money as we have defined it? Or are they using money as a synonym or symbol for something else? What is that "something else" in each case where you conclude that money is not really the subject of discussion?
(a) "The love of money is the root of all evil." (Often misquoted as "Money is the root of all evil.")
(b) "Health is a blessing that money cannot buy."
(c) "If this be not love, it is madness, and then it is pardonable. Nay, yet a more certain sign than all this: I give thee my money."
(d) "Wine maketh merry; but money answereth all things."
(e) "Words are the tokens current and accepted for conceits, as moneys are for values."
(f) "Money speaks sense in a language all nations understand."
(g) "Americans are too interested in money."
(h) "Protecting our natural environment is more important than making money."
(a) "The love of money is the root of all evil." (Often misquoted as "Money is the root of all evil.")
(b) "Health is a blessing that money cannot buy."
(c) "If this be not love, it is madness, and then it is pardonable. Nay, yet a more certain sign than all this: I give thee my money."
(d) "Wine maketh merry; but money answereth all things."
(e) "Words are the tokens current and accepted for conceits, as moneys are for values."
(f) "Money speaks sense in a language all nations understand."
(g) "Americans are too interested in money."
(h) "Protecting our natural environment is more important than making money."
Explanation
The money as the medium of exchange has ...
The Economic Way of Thinking 13th Edition by David Prychitko, Peter Boettke, Paul Heyne
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