What are the consequences of the decline in the personal savings ratio? Professor Victor Morgan argues that contrary to claims by the government, amongst others, the decline in the savings ratio could have serious consequences for inflation.
This was the first comprehensive study of the City of London to be published. The study examines the economic structure of the city and considers the main influences likely to affect the development of the City, including the pattern of demand, technological change, population movements, supply of labour and land values. Particular attention is paid to the City's international role.Specific chapters are devoted to Banking & Finance, Insurance, Trade, Commerce and the Port, and the Manufacturing Industry.The book is supported with a wealth of statistical material based on orig
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AbstractThrough a detailed analysis of a Guild Day ceremony in early modern England we demonstrate that liminal points in this ritual are interrelated to form a "pattern" or "dance" of liminal pulsations. We argue it is the felt necessity, on the part of participants, to complete that pattern that provides a dynamic to any ritual event. It impels participants to continue the ritual to its conclusion and leads them to resist any interference with the "flow" of the ritual. "Flow", we assert, is thusbothan interior state of participantsandan exterior social characteristic of a ritual. It is created by the structuring of liminal points in a ritual, the liminal pulsations, but it achieves its dynamic by affecting the interior states of participants so that they feel impelled to "close off" the ritual and complete it.