Power Of Money Research Articles

NIDA director cautions against power of money

NIDA director cautions against power of money

Commanding heights: the role of wealthy ‘starchitects’ in city remaking

Censuses of the world’s super-rich now include among their ranks several architects whose personal financial position stems from their status as influential ‘starchitects’. We discuss the economic, political and social forces that concentrate fortunes in the hands of a professional elite who are increasingly also members of a global wealth elite. The rise of such starchitects exemplifies how capital flows are generative of subsidiary but important classes of professional agents who have accumulated significant fortunes as a result of city (re)making. Thus a select few in this field possess the kind of ‘money power’ that is generative of a capacity to direct changes in the built environment. Courted by city administrations and super-rich clients starchitects are increasingly charged with delivering symbolic projects that reinforce expansionary circulations of capital. We develop a concept sketch of how a global cadre of starchitects and their practices are fundamentally aligned with the shift of many cities to plan star-driven vehicles in order to capture capital. We discuss three elements that are crucial in determining the agency of starchitects: first, economic and political constraints or opportunities; second, normative conditions within industry and city institutional contexts; and, third, the important role of professional and power networks.

대학생의 ‘경제생활역량’과 영향변인에 대한 탐색적 연구

Purpose: The Economic-life competencies of college students were measured and variables affecting these competencies were analysed. Method: Economic-life competencies were measured using the Money-Frame Scale, and t-test and ANOVA were performed to analyze various factors affecting money power, and correlation analysis and multiple regression analysis were conducted. Results: Personal factors (gender, age, grade, pocket money, savings/investment, donation/sharing, self-income), Family factors (mother's occupation, financial conversation at home), Economic education factors (economics-related education, time of first economic education, economics-related education at home, economic content usage rate & contentd), Economic life factors (financial crisis experience, awareness of income and expenditure, consumption expenditure records, savings, understanding of savings products, budgeting, financial information sources, retirement financial planning, financial trust) have been shown to increase Economic-life competencies. Conclusion: There is a need for establishing the culture that allows economics-related education at home and a plan to make practical economics education in schools.

Present Challenges in Indian Politics: An Overview

Indian politics faces a myriad of challenges in the contemporary era, which significantly impact the world's largest democracy. This overview highlights key issues that challenge the political landscape of India. Corruption remains a persistent issue, eroding public trust and hindering development. Political polarization is on the rise, fueled by religious and ideological differences, endangering social harmony. Economic inequality persists, with a vast wealth gap affecting millions. Regionalism continues to strain federal relations, posing threats to national unity. Inadequate governance and bureaucratic inefficiencies hinder progress, while populism often takes precedence over pragmatic policymaking. Electoral reforms are needed to address issues like money power and criminalization in politics. These challenges, while daunting, also present opportunities for India to strengthen its democratic institutions, foster inclusivity, and embark on a path of sustainable development. Solving these challenges will be pivotal in ensuring a brighter future for Indian politics and the nation as a whole.

The Case of the Soccer World Cup 2022 in Qatar and Sustainability: Comparison of FIFA's Plan (Target) and Public Perception (Actual)

No other mega sporting event has ever been as controversial as the 2022 soccer World Cup in Qatar. This paper does not look at how the World Cup was awarded to Qatar and the role played by corruption and the power of money. Instead, this case study will take a closer look at the sustainability of the event. Was it possible to keep the promises made by Fédération Internationale de Football Association (FIFA) and the state of Qatar in the run-up to the event? To what extent do FIFA's self-image and the public's perception of it match? In the analysis (target/actual comparison), the dialectical three-step method (with thesis, antithesis, and synthesis) is used.

A fair and truthful mechanism with limited subsidy

The notion of envy-freeness is a natural and intuitive fairness requirement in resource allocation. With indivisible goods, such fair allocations are not guaranteed to exist. Classical works have avoided this issue by introducing an additional divisible resource, i.e., money. In this paper, we aim to design a truthful allocation mechanism of indivisible goods to achieve fairness and efficiency criteria with a limited amount of subsidy. Following the work of Halpern and Shah, our central question is as follows: to what extent do we need to rely on the power of money to accomplish these objectives? We show that, when agents have matroidal valuations, there is a truthful allocation mechanism that achieves envy-freeness and utilitarian optimality by subsidizing each agent with at most 1, the maximum marginal contribution of each item for each agent. The design of the mechanism rests crucially on the underlying matroidal M-convexity of the Lorenz dominating allocations.

The effect of excessive social networking sites on credit overuse behavior through money trust, money anxiety, and money power

The development of social media technology has an impact on the welfare of users but has side effects on communication and behavior when used excessively. Excessive use of social networking sites impacts user behavior in obtaining fast information and sharing information with other users to show their strengths as a personal profile. Data was collected on young adults who made purchases on credit with pay letters as many as 210 users of social media Twitter, Facebook, and YouTube. The analysis used in the study used Partial Least Square version 4. The research data was obtained by distributing questionnaires via Google Forms. The study results show that excessive SNS use influences money attitudes, including money anxiety, trust, and power. The money trust that users have has an impact on money power. Money attitude affects credit application PayLater overuse behavior. The results showed that money trust did not impact increasing credit application PayLater overuse behavior, while money power and money anxiety influenced credit application PayLater overuse behavior. Research makes a practical contribution for SNS users to continue using it reflectively, so it does not interfere with work activities, family relationships, and the responsible use of money. The theoretical contribution enriches the theory of money behavior, e-payment, and money attitude using social media.

Production and the Purchasing Power of Money

Production and the Purchasing Power of Money

ДЕНЬГИ, ЦЕНЫ И ИНФЛЯЦИЯ В ЭКОНОМИКЕ РОССИИ

In 2023, the degree of concern about the use of money and prices turned out to be unusually high both at the level of subjects of economic practice and the population of Russia. The conditions and current trends of the impossibility of a systematic and stable adjustment of the economy to effective growth and development were actually formed. In such a situation, in the process of using money by the population (consumers), guidelines of distrustful expectations for purchases of goods and prices changing on them have developed. The reaction of economic distrust of the stable purchasing power of money was overwhelmed by continuous doubts, an unconvincing perception of the norms and rules of regulation of monetary circulation, and the acuteness of the perception of the inflationary component became a threatening semantic load. All these issues naturally require additional reflection and clarification, interpretation from the point of view of the causes, the formation of factors affecting the authenticity of the measures taken, methods and methods of regulation by the state. Without a deep meaningful understanding of the ongoing processes, this is hardly possible.

Strategies and Practices for Dealing with Inflation in New York

New York City has experienced severe inflation in the aftermath of the COVID-19 pandemic, with significant negative impacts on the lives of its citizens. This study explores inflation in New York City, its causes, effects, and potential remedies. By analyzing data such as the CPI index and cases from relevant U.S. government websites, this paper explored inflation trends and their impact on the cost of living and socioeconomic factors. It is worth noting that inflation leads to an increase in the cost of living, a decrease in the purchasing power of money, and an increase in crime rates. The author also draws on successful anti-inflation strategies elsewhere to propose solutions for New York. Provides valuable reference for New York policymakers. The research in this article has important practical significance for the country to address inflation issues and grasp the direction of macroeconomic development.

On the problem of the purchasing power of money by A. A. Konüs and S. S. Byushgens: translation and commentary

AbstractIn 1939, Econometrica published an English translation of Konüs (1924). Since then, Konüs (1924 [1939]) has become a classic work on the theory of the cost of living index, inspiring many other studies in the field. On the other hand, very few scholars have had the opportunity to read another, equally important, work by Konüs (co-authored with Byushgens) published in 1926 by the same Institute. This other paper of Konüs also pioneered several fundamental concepts and results in economics (including duality theory, the theory of inverse demand functions and the theory of exact index numbers), yet somehow it appears that it has never been translated into English (or any other language). We bridge this gap by offering a translation and a commentary on this important paper.

Impact of Minimum Wage and Sectoral Growth on Inflation

Inflation is one of the macroeconomic problems faced by every country. Inflation reduces the purchasing power of money. Inflation occurs due to cost-push inflation, demand-pull inflation, and rising expectations. The main objectives of this study are to analyze the impact of the minimum wage on inflation, evaluate the effect of agricultural sector growth on inflation, examine the impact of industrial sector growth on inflation, and identify the impact of service sector growth on inflation. In order to attain these goals, an examination was conducted utilizing Eviews with panel data spanning from 2013 to 2022 across 38 regions in East Java. After conducting tests on different models, it has been determined that the REM model is the most optimal. Analyzing the results obtained through the REM model reveals that the impact of minimum wage on inflation is positive but not statistically significant. The growth of the agricultural sector has a positive and significant effect on inflation. The growth of the industrial sector has a positive and insignificant effect on inflation. Growth in the service sector has a positive and significant effect on inflation.

Women Entrepreneurship in Panchayati Raj

In the current changing environment, women have not lagged behind anyone. Today, women are not limited to handling utensils, utensils, sweeping and raising children within the walls of the house, rather they have created their own identity in every field of politics, business, education and service. has been made Through Panchayati Raj, women's politics has been politicized up to the village level. The feeling of leadership has also awakened among women belonging to educationally and economically backward rural families. Women, who have fallen prey to political ambitions and entered higher politics, are now continuously striving for economic self-reliance. Because they know very well that the present politics is based on money power and it becomes very important to do enterprise to earn money.

Nonlinear impact of interest rates on price level (smooth transition autoregressive approach)

Economic and monetary policy-making shall benefit from the nominal interest rates and inflation causal relationship for macroeconomic issues. In this paper, by expanding Fisher’s Quantity Theory of Money, we investigate this relationship using the “Smooth Transition Autoregressive” approach for Iran's economy.The results show that when the interest rate rises (particularly when it exceeds the threshold), its positive impact on inflation will increase. Moreover, the effect of a low-interest rate increase does not have a severe effect on price change. It is concluded that interest rate is not a good policy instrument for high inflation dampening, and those policies that diminish money circulation velocity might be more effective for general price level control. Macro-economically, the results show that in the long run, interest rate yield that is paid to the factors of production is practically eliminated by reducing the purchasing power of money due to the price increase in the economy.This might be understood as one of the pearls of wisdom that Almighty God has cited in the Holy Qur'an about the prohibition of usury: "God effaces usury"5 means that Almighty God eliminates the effects of the usury yield increment in the economy.Interest rate, Price, Smooth Transfer Autoregressive Model, Quantity Theory of Money, Irving Fisher.

Konsep dan Teori Permintaan Uang dalam Perspektif Islam

The demand for money is closely related to the purchasing power of the people in a country. The purchasing power of money in a country is influenced by inflation, when there is an increase in inflation, then with it there will be a decrease in the purchasing power of the money, while when there is a decrease in inflation, the opposite will happen, namely the occurrence of greed for the purchasing power of money. The demand for money, in addition to being influenced by inflation, is also influenced by non-cash payment instruments, which are increasingly diverse in type, making a negative effect on the demand for money, because transactions with non-cash have resulted in a lack of demand for money. A lot of the money that is scattered is already available.

What Is Inflation? Clarifying and Justifying Rothbard's Definition

Austrian economists have debated issues of monetary theory and inflation extensively, but there is still no agreement on the definition of inflation. Mises (1953, 240) defined inflation as an increase in the supply of money not offset by an increase in the demand for money, leading to a fall in the purchasing power of money (PPM). Rothbard (2009, 990) defined it as an increase of fiduciary media, explicitly excluding increases in the stock of specie. This article will argue that Rothbard’s definition is the most suitable for economic discourse and analysis and can be generalized to any market-selected money. By consistently applying the method of counterfactual reasoning (Hülsmann 2003), it is shown that the processes of money creation lead to very different outcomes depending on the conditions of money production. The term “inflation” is therefore best reserved for money production in the form of bank credit expansion or fiat money creation. These phenomena are external to the market, and the process of redistribution they bring about runs counter to the structure of income and wealth that would have emerged in their absence.

Does PLS in Islamic banking limit excessive money creation?

PurposeBank lending is the major source of monetary expansion. Bank-led money creation is a key issue in both conventional and Islamic financial systems. The purpose of this paper is to examine the issues related to Islamic banking money creation. In this conceptual paper, the authors investigate the involvement of profit and loss sharing (PLS) in money creation and especially how can PLS limit money creation “out of nothing.” In this regard, the authors examine the potential of the PLS principle in tackling the excessive money creation phenomenon.Design/methodology/approachThis study uses a normative approach regarding Islamic bank money creation that fits Sharia directives. In fact, this study discusses “what ought to be,” that is, the values and norms of PLS money creation that impede excessive money creation.FindingsOverall, Islamic banks create money differently compared to conventional ones. Especially, by avoiding a purely financial intermediary, money creation under the PLS principle sustains a strong relationship with the real economy and leads to a lower money multiplier. Therefore, PLS mechanisms allow financing through real assets and not credit assets “out of nothing.” This could prevent excessive money creation from causing harmful effects on indebtedness and financial instability.Practical implicationsPLS offers a valuable resolution for banking system money creation through the optimization of Islamic bank financing by facilitating the separation of the monetary function from the credit one. This reform thought reinforces the stability value of money allowing it to fully perform its functions with reference to the directives of Sharia. This especially allows the integrity and purchasing power of money, the reduction of the gap between the evolution of both real and financial economies and, consequently, the indebtedness and crisis. It is recommended to promote PLS financing by reforming institutional and regulatory constraints.Originality/valueThis study addresses the contemporary issue of money creation by Islamic banks through the PLS approach. The conceptual framework of this paper highlights the reformist role of PLS in limiting money creation through Mudarabah approach within fractional reserve banking.

Housing in the greater Paris area as an inflation hedge?

PurposeOver a long period, even low inflation has an impact on portfolio value and households’ purchasing power. In such a context, inflation hedging should remain an important issue for investors. In particular, long-term investors, who are concerned with the protection of their wealth, seek to hold effective hedging assets. This study aims to demonstrate that residential assets in “Grand Paris” are a hedge against inflation and particularly against its unexpected component.Design/methodology/approachIn this study, the physical residential markets in 127 communes in Paris and the Parisian first-ring suburbs are considered as potential asset classes. We simplified the analysis by clustering the 127 communes into five homogenous groups using ascending hierarchical classification (AHC). Then, we test the hedging ability of these groups within a mixed asset portfolios using both correlation and regression analysis.FindingsThis paper presents an analysis of the “Grand Paris” housing market and its inflation hedging ability with comparison to other financial asset classes. Results show that the five housing groups act as a highly positive hedge against unexpected inflation. Furthermore, cash and bonds seem to provide, respectively, a partial and an over hedge against unexpected inflation. Stocks act as a perverse hedge against unexpected inflation and provide no significant hedge against expected inflation. Also, indirect listed real estate demonstrates little correlation with inflation, which makes us reject its hedging ability contrary to physical residential real estate.Research limitations/implicationsThe inflation topic: although several researches exist that question the hedging property of real estate, very few concentrate on physical residential assets and to the best of the authors’ knowledge, this study is the only one that targets the “Grand Paris” area. Residential assets of the “Grand Paris” communes are confirmed to be a hedge against inflation and particularly against its unexpected component thanks to its capital appreciation rather than income one. Also, we show that the listed real estate in France (Sociétés d’Investissement Immobilier Cotée) does not provide the same hedging properties contrary to the US real estate investment trusts (REITs) who demonstrate this ability. Listed real estate could thus not be used interchangeably with housing to protect from inflation in the French market.Practical implicationsProtection of investors against inflation and in particular in the face of its return to France in 2022. Reassuring promoters and investors of the interest of residential investment projects in “Greater Paris” and of the potential that this holds.Social implicationsInflation takes a chunk out of the purchasing power of money and thereby erodes the real value of people’s finance. Investors and households who seek protection from inflation erosion should invest in direct housing, and in particular within areas that are experiencing an effective metropolization process.Originality/valueThe originality of the study is precisely relative to the geographical area studied. The latter has experienced favorable economic conditions for several years and offers interesting fundamentals to explore and exploit in investment strategies that prove capable of protecting against imminent inflation. The database is specific to this project and has been built through the compilation of several sources and with the support of BNP Paribas Real Estate.

Determinants of Inflation in Nepal

By establishing a monetary and financial environment in which markets may operate without being concerned about irregular changes in the purchasing power of money, long-term economic growth can be achieved. The major goals of this study were to look at the inflation fluctuations in Nepal, to display the weighted structure of the CPI there, and to investigate the factors that affect inflation. The stationarity of the time series data was examined using the ADF test, and the cointegration between the variables was examined using the Engle-Granger test. The OLS method was used to estimate the long-run model. For the model's short run dynamism, the ECM model was also used. Throughout the research years, the inflation tendency has experienced significant swings. . Inflation peaked at 132.8 million in the fiscal year 1920, and it peaked at 4.1 in the fiscal year 1975. The ADF test result reveals that all variables become stationary only after the first difference, or I (1), for all variables utilized in this investigation. The long run OLS model is free from spurious regression, according to the Engle-Granger cointegration test, which shows that variables are cointegrated. The long-run OLS model demonstrates that government spending and Indian inflation have a positive and considerable impact on Nepalese inflation. For instance, an increase of 1% in the Indian consumer price index, government spending, and the currency rate results in increases of 0.70, 0.12, and 0.16 percent in the NCPI, respectively. According to the results of the ECM model, government spending and the Indian consumer price index have a positive and considerable impact on the consumer price index in Nepal in the short term. When government spending and the Indian consumer price index both grow by 1%, the corresponding increases in Nepal's consumer price index are 0.69 and 0.13 percent, respectively. While in the near term, the exchange rate has little impact on the consumer price index for Nepal. The NCPI and other explanatory variables are convergent into long-run equilibrium, according to the coefficient of ECM (-1), which is negative and significant at the 1% level.

Phyticism of the Painting of Wayang Kamasan: the Struggle of Distribution Structure and Order Idealism in Fulfilling Needs Tourism Industry

Phytism is an expression of the thoughts of capitalist society to produce duplicating ideas so that producing similar merchandise can generate economic benefits in the form of money. The timeless symbols of the great and noble tradition of wayang Kamasan painting are commodified into physical art, resulting in a struggle between the idealism of a structure that is binding and standard with the idealism of an order that deifies money. Commodification is a feature of capitalism which is able to transform objects, qualities and signs into commodities to be distributed to the market. Commodities that are distributed to the market are the consumption idealism of the tourism industry. The order practice of capitalist society that works in the realm of habitus and the capital and networks that have been built is very broad. Capital relates to the ability to duplicate, while the network seeks to distribute consumer needs with producers. The physical product of the tourism industry which is distributed to the market is in the form of market paintings, handicrafts and souvenirs. To analyze physical aesthetics, the struggle for order structure, and the production of physicalism, theories and methods are used, namely: commodification theory, cultural-industry physicalism theory, and social practice theory. Discussion: The distribution of ethical ethics discusses; capital (money power), habitus (capital society's desire), image and media. Conclusion: Kamasan wayang painting has been made into a physical art alienated from capital society to get money from the tourism industry. The form of fististic art is obscured into a similar new creativity, interchanging the structure of struggle for order and mass production. Findings: Phitism of wayang Kamasan painting is barter oriented to make money.