mcg said:
I understood the "M" to mean thousands, it sort of an old school use of the language, but it's not uncommon. More common today is the use of "K" to mean thousands.
Well, just how old school is that? In 1776 poiltical economy was nominally introduced through the publication of
The Wealth of Nations written by a Scott Adam Smith. Based as it was on the pounds sterling (£) at the time, before the revolutionary war, that is to say, and indicative of the fact that international trade was primarily based on that of silver; very conducive to the British Empire's expansion, one might say. Not necessarily one on gold, but that was what the 1867 publication of the 'Kritik der politischen ökonomie,' otherwise known as
Das Kapital, written by one Karl Marx, was primarily based on. Not that it's communistic but capitalism in it's most pure and refined terms; how else to deal with it. The exchange of (C)ommodities based on equality, property, freedom and Bentham.
The seven (7) basic forms of commodity trade is summarized as:
M-C (money into commodities)
C-M (commodities sold for money)
M-M' ("money begets money")
C-C' (selling commodities for commodities)
C-M-C' (commodity sold for money in turn to buy more commodities)
M-C-M' money buys commodity sold for more money)
M-C...P...-C'-M' ("The circular course of capital)
And in all that (M) = money and (C) = commodity.
So just how "old school" are we talking here? For before Adam Smith's there weren't much to talk about when it comes to political economy. Knight Templars handing out checks for exchange for pilgrims to the Holy Land? That old?
I may have only took a 'preparatory business finance system' of courses for two years at Northern Montana College, yeah, I know what you Missoulians think of them there level of colleges that dot the land in the State of Montana sort of deal; all beneath your dignity. But after taking courses in Marketing, Finance and a course taught by one professor by the name of Larry Gianchetta, who as I understand it became the Dean of the University of Montana Business School thereafter never have I come across the use of the initial 'M' = 1,000; million, yes; not one thousand in any so-called business context, internatinal or otherwise. Except, of course, M = 1,000 in a Roman type of denotation in a mathematical context extended to a yearly connotation; also that a "mile," in modern usage derived from such a word
mille, was 1,000 paces marched by the Roman centurions. So I'm not so convinced that such a usage is some 'old school' sort of deal. Laws are delivered by complusion, not by persuasion, as it's been said. So I guess I didn't take the right courses, then, huh? Is that what you're saying?
I just love it when you Missoulians go around making it up as you go along. Really all that close-minded with that little witty epigram of yours:.."Harvard of the West." In your dreams.