Whether cash was the most effective incentive was not clear from studies that compared cash and gifts of similar value.
Analysts say that Montgomery Ward never really recovered from its reluctance to open retail stores, which it did at first only between 1926 and 1937, and from its Depression-era principle of hoarding cash and avoiding expenditure wherever possible.
While this sets the stage for the market to flourish, drawing on capitalist principles of profiteering and deployed to cash in on patriarchal values, this market is also where, as Betsy Hartmann says, "exploitation and opportunity are bound and wound up in one" [ 33].
The economists Anil Kashyap, Raghuram Rajan and Jeremy Stein wish to circumvent the principle that banks maintain a certain level of cash reserves and equity.
Now it is the other way round: Russia sits on a vast pile of cash, and we are selling principles and self-respect.
He says its ability to open 20 new stores a year is because the company, unlike other debt-laden Italian brands, works on a principle of thrift, where "cash is king".
But is it right to accept the guiding principle of the reform to find ways to restrict the amount of cash sloshing around the system?
But the fundamental principles of pension law were enacted before cash-balance pensions were devised, when traditional pension plans were the norm, so the law holds companies to standards based on the expectation that retirees will be paid an annuity, beginning at age 65.
In terms of cash, certainly.
