Philosophy of Money Essay

Money— sweeter than honey but oh so destructive. It facilitates a man’s life, while a lack of it imprisons him in the streets of penury. It raises his social status, while an absence of it leaves him unnoticed. It gives him an aura of superiority and importance among others, while a deficiency of it makes him worthless in society’s eyes. Considering these two roads, most do not take more than a second to decide to chase riches.

In “On the Want of Money”, a 19th century text, William Hazzlit presents a strong position on the role of currency in society and the ironic relationship between man and his status through use of rhetoric; such as but not limited to syntax, repetition, and imagery. In doing so, Hazzlit strengthens his argument and gives more weight to his claims that support the idea that in possession of money and lack thereof man is miserable in his ways. Ownership leaves man alienated from friends and family, to be commemorated by a lonely, seldom frequented monument of massive proportions. Austerity dictates lives, limiting those in pursuit of wealth to a constant, consuming search. In summation, the concept of money is hopeless

Money is the life force of all of society. In every aspect, money determines the value of good, services, and even people’s lives. As we breathe air to function, society relies on finances to function. And if society, the unity of humanity, relies on money, than the leaders of society want to limit and control it to withhold their power over humanity. They do this by limiting what can be bought and sold, while also controlling how much different things cost. These limitations allow our leaders to control our money and, through that, our value and influence to society.

The excerpt from “On the Want of Money” by William Hazlitt is an outcry to humanity in response to the realities of a world that revolves around currency. Hazlitt implores his audience through his rhetoric to reflect on what they deem to be important, and to realize that their desires can be the very thing restraining them from attaining their ambitions. Through the use of irony, hypothetical examples, and figurative language William Hazlitt warns of the dangerous paths the pursuit of money can lead to, and the ultimate demise of anyone who takes these paths.

The primitive monetary instruments had a profoundly dynamic assistant nature, had no inborn quality. Their operation did not suggest the utilization of any particular item, but rather just the reference to a theoretical money related unit. Regardless of the possibility that the unique money related unit were symbolized by a given particular stock, this stock never took an interest in the operations, since what was implied was to make a conceptual reference to its worth, and not to trade different merchandise for it. Hence, currency was not, subsequently, created by a flash of brilliance, but rather originated from a need, and its development has reflected, at every time, the readiness of man to orchestrate its currency features to the reality of its economy. Perhaps even more importantly, invention of currency was the mother step in a new monetary system that has led to the birth of electronic banking and credit cards. To infer, pretty much as human advancement from viciousness to development has relied on upon the invention of currency, future advancement will rely on another definition and utilization of

2. The key economic concept that serves as the basis for the study of economics is:

The world revolves around money. Those small little coins and paper notes control the modern society. People who have money in abundance or enough to live a comfortable life see money as a positive object and as a source of success. However, people who are unfortunate enough to not have a sufficient amount of money, see money as an unfair and cruel means to live by. This wealth gap has been prominent throughout history and still is today.

Money-- sweeter than honey but oh so destructive. It facilitates one’s life, but can be controlling enough to destroy. It raises the number one thing we all desire, attention. To some, it is through hard work and determination to achieve this necessity but to others, it is known as superiority and importance among those who have little of it.

Money is the root of all evil, or at least that is many think about it. However, William Hazlitt believes the exact opposite. To him, money is a necessity that brings joy or if not, lack of money causes stress. In his essay, “On the Want of Money”, he conveys the extent to which it is horrible to be in want of money. To live in this world, one needs money to survive. Hazlitt stresses this point by using suggestive syntax, harsh diction and figurative language. He writes in a way that is matter-of-factly and unapologetic to emphasize the need for money and show what the lack of it looks like.

There is no doubt that money is pivotal for one to live. The world thinks that happiness is determined by the degree of material possessions these days. It is not a big stretch to state that the strong materialism of modern society makes one think that things can only be done by and with money. However, in a memoire written by Jeannette Walls, evidence to support the quote by Ben Franklin is easily spotted.

Money is an enigma; it can drive people to perform great or horrible things. It is not clearly positive or negative. It is essentially the engine of our world, giving everyone an incentive to either work or die. Numerous people devote their entire lives to money, as soon as they can they get a part time job at a local store or restaurant, attend a school for something that they know will be lucrative, work a high-income, albeit tedious, 9-5 job for the bulk of their life, storing a couple dollars away every week so that they can finally spend the last few years at a somewhat relaxed state. Unfortunately, this has grown to become the norm.

It is obvious that money makes the world go ‘round, which is why I put the dollar sign as my third symbol. Money is used as a daily usage to purchase my needs like food and entertainment, but one thing it cannot buy is truelove. In today’s modern time, we cannot think of life without money. It is not imaginable. Our needs are far too complex to be satisfied.

Today, we have many problems on earth . Political , economy and many more. The one or main cause this problem is money. Who has money , will dominating a part of this world. Soon or not, money will controlling the world. Goverment also can’t do anything to people who gloring this world by money.

Money has different meaning for different level of people. Some see money as food, shelter or a roof on their top, however it means pleasure and enjoyment for wealthy group of society. Money has an essential role in shaping societies, it enables the economy to grow and helps people to have better health and education. Furthermore, money has direct relation to inequality. Inequality acers when the wealth is unevenly distributed within the society, in other words the unequal distribution of resources among the people, such as money, education, time and so on. The relationship between money and inequality could be further explained from the findings of Michael Sandel’s argument, money in the form of debt in china, distribution, exchange and consumption of coffee.

In Friedman’s monetarist construct of money has two side that is highly active. One of the side is money is being the cause of all failures and asymmetries in the economy (in the short term). The other side is neutral which money is influencing only the price level (in the long term). The nominal quantity of money is determined by its supply. On the other hand, the real volume of the money stock is expressed in the amount of goods and services that can be acquired for a given nominal amount of money and is conditioned by the demand for money, which is directly related to the price level.