Money has always represented power. For Aristotle, this power was inseparable from the exercise of justice within a community. This is why issuance of money was the prerogative of the lawful authority (government). Such a view of monetary power was widespread, and includes societies as distant as China. Over the past several centuries, however, private interests increasingly tapped into the exercise of the money power. Through gradual shifts, commercial banks have gained a legally protected right to create money through issuance of debts. The aim of this book is to unravel various layers hiding the real workings of modern money and banking systems and injustices ingrained in them.
The book sheds insight into understanding of modern money and banking systems by asking what money really is, who controls it and for what purpose (why), we should be able to gain a better understanding of the causes of growing financialization of economies throughout the world, money manias and economic instability. From such a perspective, the Aristotelian concept of money makes deep human, economic, and ecological sense. The book also increases the awareness of injustices hidden in the workings of modern money and banking systems and the need for moral underpinnings of such systems. Finally, it also suggests a money system which could immensely improve human, economic, and ecological conditions.
In the more than 15 years since the second edition of Fundamentals of Machining and Machine Tools was published, the industry has seen many changes. Students must keep up with developments in analytical modeling of machining processes, modern cutting tool materials, and how these changes affect the economics of machining. With coverage reflecting state-of-the-art industry practice, Fundamentals of Machining and Machine Tools, Third Edition emphasizes underlying concepts, analytical methods, and economic considerations, requiring only basic mathematics and physics.
Supplying abundant examples, illustrations, and homework problems, Fundamentals of Machining and Machine Tools, Third Edition is an ideal textbook for senior undergraduate and graduate students studying metal cutting, machining, machine tool technology, machining applications, and manufacturing processes.
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