As Benjamin Franklin explained, "time is money." The question that needs to be asked, then, is: "how much money and time is there in the whole world."
On Sat, Oct 4, 2008 at 7:39 AM, Julio Huato <[EMAIL PROTECTED]> wrote: > Chris wrote: > >> Whatever the measures, which can proliferate, >> and interact in complex ways, >> they are related to labor and the productivity of labor. >> In the world. > > That relation is highly mediated, but you're right it's good to see > through the mediations. I described in a recent post an exercise I > used to conduct with my international finance students at Ramapo on > the first day of class. That first day was my only chance to help the > students see that producing wealth "the hard way" underlay the > financial superstructure. After that, we'd go into arbitrage-derived > parity conditions, forex derivatives, exposure, etc. So, without this > discussion, the students would just take the trees for the forest. > > I just posted an edited version of this story on my blog: > > http://juliohuato.wordpress.com/2008/10/04/on-life-and-financial-markets/ > _______________________________________________ > pen-l mailing list > [email protected] > https://lists.csuchico.edu/mailman/listinfo/pen-l > -- Sandwichman _______________________________________________ pen-l mailing list [email protected] https://lists.csuchico.edu/mailman/listinfo/pen-l
