Saturday, February 19, 2011

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ECONOMY, NOT FINANCE!

For economy - from the greek οἴκος (oikos), "home" meant as "family assets" and νόμος (nomos), "norm" or "law" - refers to both the use of scarce resources to best meet individual and collective needs curb spending, is a system of organizing the activities of this nature carried out by a group of people, organizations and institutions, economic system).
Normally we consider the subject (or "agents" or "operators" economic) activity within a given territory. Are taken into account, however, also interactions with other actors outside the country, or with the rest of the world. "

"Finance (sf): art or science of managing revenues and resources for maximum benefit manager "- (Ambrose Bierce, The Devil's Dictionary).
Finance is the discipline that studies the processes by which individuals, businesses, institutions, organizations, and states manage cash flows (collection, allocation and use) over time. Being defined economics as "the science that studies how to allocate limited resources among alternative uses in order to maximize their satisfaction, finance, similarly, is" the science that studies how to allocate the money between alternative uses in order to maximize their satisfaction "."

here is the simple and effective distinction pulled out of wikipedia ...
nowadays they mingle economics and finance, people often think they are one thing, but no !!!!! want examples?
the Parmalat was not cheap, but ... FINANCIAL ...
cirio the crack is not cheap, but ... FINANCIAL ...
crack olivetti was not financial, but ... ECONOMIC ...

what's the difference?
last case was only one choice of the manager of the infamous industrial group that while the legacy of Olivetti, have seen fit to stop teaching computer science in the world and are dedicated to calculators!
in the first two cases, however, there were people (Tanzi and Cragnotti) that I'm Fergie the money, leaving their farms in the middle a road!

and today the world increasingly moves in financial terms, because you know, move the money is easier than moving people or goods ... but this means that there are no more the old rules, the old balance ... now there are only so many sharks and jackals who speculate on stocks, bonds and or bot cct.

I am the son of shopkeepers and self-employed and I have always thought that the most important thing is the paper money ... goods ... people ... not a piece of paper or plastic that tells me that the above is written a value that corresponds to an amount of money ...

I WANT THE ECONOMY AND FINANCE!!
WANT THE MONEY AND THE GOODS AND NOT SHARES, STOCK OPTIONS AND OAP ...

FUCK!

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