'Reality of money' is curiously similar to uncertainty theory of (Hisenburg)quantum physics. To some (natural societies …), legitimatimacy of exchange control is derived by associating it with certain physical signifiance of 'real' goods. Exchange control … is thus decided by producers in commodity exchanges. Others (Republicans of Greek civilization) think, money can be only …

distinguish its Balance Sheet from its Statement of Conditions. (2) Fiat money should not appear as a liability in a Balance Sheet …

The effect that investment lags has on the uncertainty-investment relationship is studied by modifying the Bar-Ilan and … small, uncertainty affects investment negatively; (ii) A sufficiently large time lag engenders an inverse u …-shape relationship between the degree of uncertainty and the profit level that triggers investment; (iii) When such an inverse u- shape …

The anemic U.S. economic recovery and the threat of a double-dip recession stem from the weakness of investment, due to ….e., the all-time-high indebtedness in the face of falling asset prices) are preventing investment from picking up and are …

The role that Bernanke’s Bad News Principle plays in the modern theory of investment under uncertainty is analyzed. The … analysis shows that the actual investment dilemma is that by delaying investment firms trade off a higher present value of … earnings for a lower present value of the investment cost, in contrast to previous interpretations of this dilemma. The …

excess of private savings over investment at the desired level of economic activity. The paper outlines the "functional …