POLI 354 Lecture 7: lecture 7
3 Dec 2012
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Try to describe what writers set as policy recommendations over past centuries. Power is one actor vs another; about relationship; relative. Wealth is based on what you have and not the others; absolute. All about the pursuit of gold and silver- leading to power. Dutch economy- trade within europe fluit- money maker trade in cheaper things: much more volume, very important for dutch economy; investment done wasn"t that high. Hold in wearhouse until price goes up and you sell it. Dutch create coins you can rely on- take all bad coins and melt then down and make new coins so merchants can use them; 2 different coins one for. Money is a huge success- gold and silver is coming in, but coins go away and never come back; killed by its own success. No need for money in circulation- all done through accounting.
