Financial Markets, Institutions and Risks (FMIR)
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Item Elementary investigation on Division of Labour- Part 2.(Sumy State University, 2018) Dave, H.We discussed the “Division of labour Part 1” at a length in previous issue (issue 3) of FIRM. Here we shall take up a discussion on very sensitive and vital part of this article. We learned from the previous discussion that process of division of labour simultaneously emerged with the classical coordination as one of its inseparable organs. The originally evolved process of division of labour was without unethical influence of human characteristics.Item Preliminary contemplation on Exchange Value(Sumy State University, 2018) Dave, H.Exchange Value is a vital term of economics. Exchange Value is born by an exchange process and the exchange process is the life line of the human society. Exchange value gets influenced by various parameters. These parameters are discussed here. It is also tried to investigate on the linkages among human characteristics and economics through the process of exchange. The nature of influence of the parameters gets transformed into unethical ways and means as and when time and circumstances permit so.Item Views on Value of Gold(Sumy State University, 2017) Dave, H.Generally people and even economist use word value of gold. It is erroneous use. The status of feeling value in gold has prime six reasons and mostly the influence of gold on the human mind is due to its assured exchange value, otherwise there are few needs that might be satisfied directly by gold or its chemical compositions. The potential of status of gold is founded on the prime six reasons and it constitutes trust in assured exchange value (not value) that ultimately becomes a hope of satisfying various needs of a man. A big catastrophic collapse of social systems automatically makes gold valueless, this is proved by history also, and it is the proof of its dependency on exchange value as well as inevitability of social system. A hungry man who finds value in bread in his hand, even if he is exclusively alone on this planet earth. While a man with gold coin needs at least one more person on earth and in his association to sense so called value in the coin. That is the difference one should try to understand before using word value for gold while explaining critical topics of economics. The gold has sound foundation of history and its prestige is also evolved with evolution of human society. Not only that, but gold has ruled man with its potential of influence. However, man has faced occasions and events that convinced him about futile impression of value in gold that he carried throughout his life till date. Most tragic reality is that people are not with clarity why we sense value in gold and why the same value becomes absurd in some situation or circumstances. It is tried here to reveal some facts and realities responsible for the dilemma of the people.