Talk:Wealth, Virtual Wealth and Debt

Economics Mid‑importance

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WikiProject economics assessment[edit]

May be an idea to make a new classification of importance... no longer a stub class article. skip sievert (talk) 04:53, 29 December 2008 (UTC)[reply]

I'll leave class blank--it still looks like a stub to me, but it's not something I want to argue. CRETOG8(t/c) 05:06, 29 December 2008 (UTC)[reply]

Looks pretty good to me. Tagged as C-class. -FrankTobia (talk) 04:31, 3 May 2009 (UTC)[reply]

That seems appropriate. It was expanded to good effect over several months, and now does look pretty good. skip sievert (talk) 17:11, 3 May 2009 (UTC)[reply]

Please stop adding WP:COPYVIO[edit]

Please stop adding WP:COPYVIO. Stop it. Stop now. If you need some time to get up to speed with copyright, that's OK, but please take your finger off the revert button in the meantime. bobrayner (talk) 23:01, 26 November 2014 (UTC)[reply]

The quoted text was removed by my edit, which you reverted. Are you contending that the entire entry is a copyright violation? Bkobres (talk) 15:09, 28 November 2014 (UTC)[reply]

Yet again you have restored a copyright violation of this. Stop it. bobrayner (talk) 20:32, 28 November 2014 (UTC)[reply]

And again you have restored a copyright violation of this. That's five times you have inserted a copyright violation in the last couple of weeks. Stop it. bobrayner (talk) 01:46, 8 December 2014 (UTC)[reply]

Show me the copyright violation by text or I will assume you are trying to bury the article and references unilaterally.

Current: Real wealth and virtual wealth

In this book Soddy points out the fundamental difference between real wealth (consumables such as buildings, machinery, energy, food) and virtual wealth, in the form of money and debt. Soddy contends that real wealth is subject to entropy and will rot, rust, wear out, or be consumed over time, while money and debt (as artificial accounting devices) are subject only to the laws of mathematics, not the laws of thermodynamics. Rather than decaying, virtual wealth, in the form of debt, compounding at the rate of interest, actually grows without bounds. Soddy used real world examples to demonstrate what he considered a major flaw of prevailing economic theory.[3]

Prior: Real wealth and virtual wealth

In his 1926 book Wealth, Virtual Wealth and Debt: The Solution of the Economic Paradox (a book that presaged the market crash of 1929) Soddy pointed out the fundamental difference between real wealth – buildings, machinery, oil, pigs – and virtual wealth, in the form of money and debt. Soddy wrote that real wealth was subject to the inescapable entropy law of thermodynamics and would rot, rust, or wear out with age, while money and debt – as accounting devices invented by humans – were subject only to the laws of mathematics. Rather than decaying, virtual wealth, in the form of debt, compounding at the rate of interest, actually grows without bounds. Soddy used concrete examples to demonstrate what he considered this flaw in money economics in his book.[3]

Bkobres (talk) 16:00, 8 December 2014 (UTC)[reply]

I noticed that I did not alter this sentence: Rather than decaying, virtual wealth, in the form of debt, compounding at the rate of interest, actually grows without bounds. Is that what you are complaining about? Why redirect an entry rather than correct it or point out problems on the talk-page provided? I'm going to restructure the above sentence and remove your redirect unless I hear some compelling reason not to. Bkobres (talk) 20:35, 8 December 2014 (UTC)[reply]