It was a monthly routine of some of my friends of our engineering days that can explain one Professor Mankad’s statement – “Money is what is accepted as money”. Some of my friends, used to be penniless for last one week to ten days every month. Possibly it is a Read more
In his class, Prof Mankad asked us “what is money?” He answered – “Money is what is accepted as money”. Very apt definition. Here I am taking small freedom to change it a bit. I am changing the word “accepted” to “trusted”. Of course trust is a very heavy word. Read more
I remember an opening of Prof Mankad’s class. He asked ‘What is money?…’ and so on and so forth. Money is what is accepted as money. The trust of acceptance gives value to money. Irony is this TRUST. This concept e.g. money creates maximum MISTRUST. The concept which, I believe, Read more