We compare the monetary value of the two money systems themselves, by introducing a natural money-metric social welfare function.
We define costs, value, and the efficiencies of the institutions that support trade in terms of a natural money-metric welfare function, and compare the characteristics of commodity and fiat monies by these measures.
Because labor allocation both to production and potentially to government of the economy is endogenous, the only constraint in the society is its population, so that the natural money-metric is labor.
Crack selling became a natural money-spinner for British-Jamaican criminals in the 1990s, partly because much of the cocaine smuggled into the UK then came via Jamaica.
Founded in 2001 by a government rich with oil and natural gas money, it was meant to bring big-name Western education to the Gulf.
In Saving Capitalism For the Many, Not the Few, Robert Reich punctures the idea that there can be free markets without government rules about property, contracts, competition, natural resources, money and banking, and many other matters.
Since then, the Marthaler affair, as it was soon tagged, has become the talk of artistic circles in much of Europe, with those natural enemies, money and artistic freedom, at the center of the debate.
Concept art for the planned city looks like it could be a gated subdivision in Central Florida, or a retirement community centered around a golf course only, y'know, in the middle of a desert and financed by bushels and bushels of oil and natural gas money.
When a country like Saudi Arabia is flush with natural-resource money, everything in that country becomes more expensive, including labor.
And so on March 10, more than two months after the explosion, Ken Ely maneuvered his backhoe to the top of what he now called Lazy Dog Hill in memory of Crybaby, to the gate Cabot had installed to protect its latest natural-gas money machine, and dumped a large pile of bluestone on the site's doorstep.
