Tuesday, September 07, 2010

Conversion crisis

Books of Account
The Blank Swan
Elie Ayache
( http://www.wiley.com/)

Philosophy of financial crisis

What is price? It is ‘cost of something bought or sold, something sacrificed to get something else, sufficient bribe, measure of value of something,' says Encarta. ‘Price' is most often given by the amount of money an item or service would bring if or when it is sold, defines Accounting, Business Studies and Economics Dictionary ... The line of communication that price uses is the conductive medium of the market, and the market is conductive of contingency, says Elie Ayache in The Blank Swan: The end of probability.


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