In this episode, we explore how a small piece of rock can change how we understand the real meaning of key terms in economics. It didn’t look like much. Not worth much, certainly. It had been a gift from a friend, a former colleague: I’d had it for years, kept it reasonably safe in an old battered ring-case, until finally it was lost somewhere.
An example of this phenomenon is "Fair Value" In accounting, fair value represents the estimated worth of various assets and liabilities that must be listed on a company's books. In investing, fair value is a reference to the asset's price, as determined by a willing seller and buyer, and often established in the marketplace
The complications of the English Language, your post is still as relevant as it was in 2014. This example is not helped by financial markets creating pseudo versions of those listed above. Academia are also culprits in the development of wording which is utilised to differentiate themselves from the competition, causing an ever growing complicated web of additional definitions.
An example of this phenomenon is "Fair Value" In accounting, fair value represents the estimated worth of various assets and liabilities that must be listed on a company's books. In investing, fair value is a reference to the asset's price, as determined by a willing seller and buyer, and often established in the marketplace
The complications of the English Language, your post is still as relevant as it was in 2014. This example is not helped by financial markets creating pseudo versions of those listed above. Academia are also culprits in the development of wording which is utilised to differentiate themselves from the competition, causing an ever growing complicated web of additional definitions.