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Metrics details Abstract This study explores 1 the effect of a short ethics intervention—a chapter of business ethics in a business course—on perceptions of business courses and personal values toward making money and making ethical decisions and 2 Monetary Intelligence MI. Since attitudes predict intentions and behaviors, Monetary Intelligence, a form of social intelligence, is defined as the extent to which individuals monitor their own monetary motive, behavior, and cognition; apply the information to evaluate critical concerns and options; select strategies to achieve financial goals; and reach ultimate success and subjective well-being.
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Load Previous Page Monetary theory The relation between money and what it will buy has always been a central issue of monetary theory. Crucial to understanding this matter is the distinction economists make between face or nominal values and real values—that is, between official values stated in current dollars, pesos, pounds, yeneuros, and so on and the same quantities adjusted by the price level.
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Principles[ edit ] MMT's main tenets are that a government that issues its own fiat money : Can pay for goods, services, and financial assets without a need to collect money in the form of taxes or debt issuance in advance of such purchases; Cannot be forced to default on debt denominated in its own currency; Is limited in its money creation and purchases only by inflationwhich accelerates once the real resources labour, capital and natural resources of the economy are utilized at full employment ; Can control demand-pull inflation  by taxation which removes excess money from circulation; Does not compete with the private sector for scarce savings by issuing bonds. These tenets challenge the mainstream economics view that government spending is funded by taxes and debt issuance. For example, as former Chair of the Federal Reserve Alan Greenspan said, "The United States can pay any debt it has because we can always print money to do that. So there is zero probability of default.
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By Adam Barone Updated May 14, Monetary economics is a branch of economics that studies different theories of money. One of the primary research areas for this branch of economics is the quantity theory of money. According to the quantity theory of money, the general price level of goods and services is proportional to the money supply in an economy. This means that the consumer will pay twice as much for the same amount of goods and services.
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