Public international law and Quantity theory of money: Difference between pages

Revision as of 14:20, 23 October 2012

Economics. A theory formalised by Irving Fisher, which links the level of prices with the amount of money in circulation.

It is defined as: P = MV/T, where P = price level, M = amount of money in circulation, V = velocity of circulation and T = volume of transactions.

Monetarists believe that it is the amount of money in circulation which has the biggest effect on price levels and inflation rates.

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-The system of law regulating the interrelationship of sovereign states and their rights and duties with regard to one another.  In addition, certain international organisations, companies and sometimes individuals (e.g. in the sphere of human rights) may have rights or duties under international law.
+''Economics''.
+A theory formalised by Irving Fisher, which links the level of prices with the amount of money in circulation.
+It is defined as: P = MV/T, where P = price level, M = amount of money in circulation, V = velocity of circulation and T = volume of transactions.
+Monetarists believe that it is the amount of money in circulation which has the biggest effect on price levels and inflation rates.
+== See also ==
+* [[Fisher's equation]]