Honest Money
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Title: Honest Money

Essay Details:

Subject: Book Reports
Author: Hugh C
Date: December 18, 2010
Level: University
Grade: A
Length: 3 / 846

Essay text:

Economists use this book as an illustration about economics. They use it to show that in a world of almost nothing, a person has to make choices about how to achieve his goals and that value is based on or influenced by personal feelings, tastes, or opinions and is dependent on the mind for existence. The value of something is in terms of what he thinks it will produce for him in the future. A real historical example is the famine era in Egypt, when compared to the value of life-giving grain, money was worth nothing. In that land, voluntary exchange took place. That meant that people evaluated what the other had as more valuable and the exchange took place...

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