Ways And Means

Ways And Means

Ways and Means Advances, short-term loans by the Bank of England to the Government. Part of the Government's short-term or' Floating' Debt.

Wealth, commodities (and claims to services) that are capable of satisfying wants. An individual's wealth comprises clothes, furniture, homes, motor-car, savings in all forms, etc. A country's wealth is the total of all personal wealth (after cancelling debts between individuals) plus collective wealth such as municipal or state-owned transport, fuel services, mines, hospitals, schools and so on. Personal wealth can be regarded as including claims to the services of collective wealth.

The total wealth of a community includes claims on the wealth of other communities. The total wealth of the world is the sum of the wealth of individual communities after cancelling claims and debts between them.

Economic - Economic Law


consumeraffairs.org.uk

Since then his writings have in turn been increasingly reinterpreted as a special case both by some followers and by some economists who had not wholly accepted his writings. The content of economics is in a state of change, and this consumeraffairs.org.uk site is therefore not a final statement of economic doctrine.

Economics is in the last resort a technique of thinking. The reader will therefore need to make an intellectual effort, more substantial for some web entries than for others, to get the most interest and value out of this website.