Is it Finance or Economics?

[Harry Veeder <eo200@xxxxxx>]

> From: Ted Winslow <egwinslow@xxxxxxxxxx>
> Date: Wed, 12 Mar 2003 07:56:34 -0500
> To: "J. Barkley Rosser, Jr." <rosserjb@xxxxxxx>
> Cc: David Gleicher <104201.2301@xxxxxxxxxxxxxx>, pkt@xxxxxxxxxxxxxxxx
> Subject: Re: The conflict at Notre Dame
>

> The conception of the economy as "composed of individual,
> self-interested agents - both utility-maximizing households and
> profit-maximizing firms - pursuing their own self-interest" assumes
> that "agents" remain self-identical through changes in their relations
> i.e. it treats social relations as external rather than internal.

>From the standpoint of 'finance' the identity of money matters.
>From the standpoint of 'economics' the identity of individuals matters.
The identity of money is not a matter of internal relations, since
money has no soul.

Harry