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</span></p> <p class="MsoNormal" style="margin-bottom: 12pt;"><span style="font-family: &quot;Arial&quot;,&quot;sans-serif&quot;;">&nbsp;</span></p> <div> <p class="MsoNormal"><u><span style="font-family: &quot;Arial&quot;,&quot;sans-serif&quot;;">Historical and etymological</span></u><span style="font-family: &quot;Arial&quot;,&quot;sans-serif&quot;;"> </span></p> </div> <div> <p class="MsoNormal"><span style="font-family: &quot;Arial&quot;,&quot;sans-serif&quot;;"><o:p>&nbsp;</o:p></span></p> <p class="MsoNormal"><span style="font-family: &quot;Arial&quot;,&quot;sans-serif&quot;;">Thales options, <u>Republic</u>, <u>Nicomachean Ethics</u>, <span style="">&nbsp;</span><u>Arthashastra</u><o:p></o:p></span></p> <p class="MsoNormal"><span style="font-family: &quot;Arial&quot;,&quot;sans-serif&quot;;"><br> Barter, trade, standard items leading to using things like beads, gold silver, currency and coinage&nbsp;</span></p> <p class="MsoNormal"><span style="font-family: &quot;Arial&quot;,&quot;sans-serif&quot;;">Circumstances vary; sometimes the currency has no currency, but things like cigarettes do&nbsp;</span></p> <p class="MsoNormal"><span style="font-family: &quot;Arial&quot;,&quot;sans-serif&quot;;">&nbsp;</span></p> <p class="MsoNormal"><span style="font-family: &quot;Arial&quot;,&quot;sans-serif&quot;;">Money's when we believe in it (hence the language of faith, good faith and credit (from Latin verb for believing - credit and credo share the same linguistic source, fiduciary responsibility, trust). &nbsp;Note relevance of&nbsp;work on the social construction of reality" - money is entangled with its users and creators beliefs and conventions.<br> <br> Dollar bill auction<br> <br> Tulips (Dutch, 1630s) and other bubbles</span></p> <p class="MsoNormal"><span style="font-family: &quot;Arial&quot;,&quot;sans-serif&quot;;">Black Tuesday, October 29, 1929 <br> <br> Other money for sale - lending, exchange (e.g., fluctuation of the Canadian dollar; Bitcoin), investment, risk, religious restrictions on interest<br> Money and heroic risks, <br> &nbsp; e.g., in the age of exploration<br> <br> Inflation, what counts as enough, and some analogies (e.g., grade inflation) </span></p> <div> <p class="MsoNormal"><span style="font-family: &quot;Arial&quot;,&quot;sans-serif&quot;;">Prediction, random walk theory, and Bogle's response to "you can't buy the index" &nbsp;</span></p> <p class="MsoNormal"><span style="font-family: &quot;Arial&quot;,&quot;sans-serif&quot;;">Money and identity</span></p> <p class="MsoNormal"><span style="font-family: &quot;Arial&quot;,&quot;sans-serif&quot;;">Puritan ethos</span></p> <p class="MsoNormal"><span style="font-family: &quot;Arial&quot;,&quot;sans-serif&quot;;">Robert T.&nbsp;Kiyosaki and Sharon Lechter's &nbsp; <u>Rich Dad, Poor Dad</u>.&nbsp;&nbsp;</span></p> <p class="MsoNormal"><span style="font-family: &quot;Arial&quot;,&quot;sans-serif&quot;;">&nbsp;</span></p> <p class="MsoNormal"><span style="font-family: &quot;Arial&quot;,&quot;sans-serif&quot;;">Fortune and Fortune (or Money and Luck)</span></p> <p class="MsoNormal"><span style="font-family: &quot;Arial&quot;,&quot;sans-serif&quot;;">Howard Campbell's speech on money in Vonnegut's <u>Slaughterhouse 5</u></span></p> <p class="MsoNormal"><span style="font-family: &quot;Arial&quot;,&quot;sans-serif&quot;;">Nassim Nicholas Taleb s <u>The Black Swan</u>, Nancy Kress s <u>Beggars in Spain</u>, Ecclesiastes  time and chance &nbsp;</span></p> <p class="MsoNormal"><span style="font-family: &quot;Arial&quot;,&quot;sans-serif&quot;;">&nbsp;&nbsp; Taleb s Stoic betting; responses in Jewish law and scripture  see, e.g., Lev. 19.9-10 (tzedakah, </span><span dir="rtl" style="font-family: &quot;Arial&quot;,&quot;sans-serif&quot;;" lang="HE"></span><span dir="ltr"></span><span style="font-family: &quot;Arial&quot;,&quot;sans-serif&quot;;"><span dir="ltr"></span> )</span></p> <p class="MsoNormal"><span style="font-family: &quot;Arial&quot;,&quot;sans-serif&quot;;">&nbsp;Peter Singer on donations, Voltaire/Churchill/Peter Parker's Uncle Ben on using one's power with responsibility.<br> </span></p> <p class="MsoNormal"><span style="font-family: &quot;Arial&quot;,&quot;sans-serif&quot;;">&nbsp;</span></p> </div> <div> <p class="MsoNormal"><span style="font-family: &quot;Arial&quot;,&quot;sans-serif&quot;;">Michael Kagan<br> <a href="mailto:mailto:kagan@lemoyne.edu">kagan@lemoyne.edu</a>&nbsp; </span></p> </div> <div> <p class="MsoNormal"><span style="font-family: &quot;Arial&quot;,&quot;sans-serif&quot;;">Le Moyne College, Syracuse, NY</span></p> </div> <div> <p class="MsoNormal"><span style="font-family: &quot;Arial&quot;,&quot;sans-serif&quot;;">&nbsp;</span></p> <p class="MsoNormal"><span style="font-family: &quot;Arial&quot;,&quot;sans-serif&quot;;">(This outline is based on the preliminary lecture-discussion in PHL 403,&nbsp;&nbsp; 4/14/10 - <br> constructed with some changes with&nbsp;the help of&nbsp;S. Desnoyers' class notes.)</span></p> <p class="MsoNormal"><span style="font-family: &quot;Arial&quot;,&quot;sans-serif&quot;;">Some edits, 10/29/2010, 5/3/2017, 12/1/17 </span><i><o:p></o:p></i></p> <ul style="margin-top: 0in;" type="disc"> <li class="MsoNormal" style=""><span style="font-family: &quot;Arial&quot;,&quot;sans-serif&quot;;"><a href="Other%20materials%20for%20COR400G/PHL%20403:%A0%20http:/webserver.lemoyne.edu/%7Ekagan/4">Other materials for COR400G/PHL 403:&nbsp; http://webserver.lemoyne.edu/~kagan/403index.htm</a></span><span style=""><o:p></o:p></span></li> <li class="MsoNormal" style=""><span style="font-family: &quot;Arial&quot;,&quot;sans-serif&quot;;"><a href="http://webserver.lemoyne.edu/%7Ekagan/Index.htm">Back to Kagan's Homepage</a></span><span style=""><o:p></o:p></span></li> </ul> </div> <p class="MsoNormal"><span style="font-family: &quot;Arial&quot;,&quot;sans-serif&quot;;">&nbsp; </span></p> </div> <p class="MsoNormal"><span style="font-family: &quot;Arial&quot;,&quot;sans-serif&quot;;">&nbsp; </span></p> <p class="MsoNormal"><span style="font-family: &quot;Arial&quot;,&quot;sans-serif&quot;;">&nbsp;</span></p> </div> </body></html>