ABSTRACT

This chapter discusses motivation, and have mentioned the word money. People using money as a means of exchange, that is, in payment for goods and services rendered, must have confidence in the value it represents. Industry, commerce, and modern society can only survive because money provides the means of exchange. The creation of money as a means of exchange would have been well justified. Similarly, the factors of production represented in a company balance sheet must be reduced to the common denominator of money before one can assess the relative value of land, buildings, machines, stocks and so on. The early economists, including the renowned John Stuart Mill, were of the opinion that the value of money did not really matter. Money can be made by an individual, if he is sufficiently skilled as a forger to be able to produce a product which is accepted as a means of exchange.