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Professor Graziano's study, the first attempt to investigate the impact of human cognitive processes on our understanding of money supply, promises to shake up the fiscal establishment and bring down a number of cherished shibboleths. Using the conceptual tools of cognitive psychology, Professor Graziano subjects our monetary beliefs, measurements, and communications to an incisive, original analysis that may overturn current ideas about the way money supply should be measured and reported and thus affect a broad range of financial/investment decisions.
LORETTA GRAZIANO is Associate Professor in the Department of Management, California State University at Hayward.
Preface: On the Prevalence of Rain Gods and Money Supply Data in Human Societies Part One: Introduction Money: From Liquid to Gaseous Part Two: How Decoders Extract Information from Data or, Who's Monitoring the Monitor? Cognitive Pitfall 1: Reification of Symbol Cognitive Pitfall 2: Reification of Structure Cognitive Pitfall 3: Motivation of Search Cognitive Pitfall 4: Resistance to Revision Part Three: How Encoders Transform Events into Data How the Economics Profession Transforms Events into Data How Political Actors Transform Events into Data How the Press Transforms Events into Data The Money Supply and Interest Rates The Money Supply and Inflation Bibliography