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An extreme version of this view is in a new book "The Death of the Grown-Up" by Diana West (St . Martins Press), in which the author observed that parents behave like their children and dress in the same outfits.
The ratio of the stock of money that people want to hold to the value of the transactions they perform each year (or the inverse of this ratio, called the velocity of circulation) is supposed, in the simplest version of this view, to be fixed by such factors as the frequency of wage payments, the structure of the economy, and saving and shopping habits.
One common version of this view is that the benefiting group increases its spending, which in turn benefits the industries whose products are purchased with such additional spending, perhaps leading to the hiring of more workers to meet the increased demand.
Anand (2004) defends a less extreme version of this view.
(Mishler 1999 contains a modern version of this view).
For some philosophers, either version of this view is unsatisfactory, for two related reasons.
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There are a few different versions of this view.
Versions of this view are percolating on the left and the right.
(See Block 1995; Tye 1995; and Nelkin 1996; all of whom defend versions of this view).
Versions of this view are defended by Dretske 1995, Tye 2000, and Carruthers 2000.
(See Perry 1987, esp. 234ff and Moore 1987 for two versions of this view).
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Since I tried Ludwig back in 2017, I have been constantly using it in both editing and translation. Ever since, I suggest it to my translators at ProSciEditing.

Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com