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[quote user="Adam Knott"] [quote user="leonidia"] "I believe Long's example is not a good one." [/quote] Could you please elaborate. Perhaps analyze Long's example, and show exactly and unambiguously why it isn't a good one? [/quote] Long says, "playing this particular chord here is an internal means to
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[quote user="Adam Knott"] Well, that's Leonidia's opinion. My opinion is that you are proposing a substantial alteration to Long's theory. But if I'm wrong, and Long can simply clean up the example, then I assume he will. But it is also possible Long may agree with me that your proposed alteration would be substantial, and
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[quote user="Adam Knott"]I would consider the revision you are proposing to Long's theory a substantial revision. Whether Long wants to make the type of revision you are suggesting to his theory, I don't know. Maybe you can contact him and suggest it.[/quote] It's not a substantial revision of his theory at all. It is a revision
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[quote user="Adam Knott"]No. Long agrees that there are instrumental means. But as you can see from the example, Long doesn't apply his own test to the chord to see whether it is a constitutive means. And in the exchange between person A and person B, we see that person B played the Moonlight Sonata without the chord in question, which
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Maybe Long was just a little sloppy in the example he gives, but I think he's right. What if Long were to give the following example instead; "Suppose my goal is to give an a ccurate rendition of the Moonlight Sonata. This chord is a constitutive means because it makes no sense to say I wish I could give an accurate rendition of the Moonlight
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It's generally not a good idea to represent human action mathematically, which is probably why it hasn't got anywhere.
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If you find out anything from Long or Plauche, I'd be very interested to know their thoughts on this matter. Perhaps you could post it here. Thanks.
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Just to be clear: When I say an increased demand to hold cash, I don't mean an increased demand for bank notes or coins (currency). I mean an increased reservation demand for money in general, and a corresponding unwillingness to spend. Thus Japanese individuals and corporations saw their demand deposits increase as a result of money printing, but
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[quote user="Lohengram"]The reason was that there was such large outflows of Yen from Japan to other countries like Iceland; New Zealand and many others, that’s why you didn’t see general price rises as you might expect from all the monetary inflation from the Japanese banking system. [/quote] This is wrong. It's true there
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[quote user="Jonathan M. F. Catalán"]The explenation is elsewhere: including that there is price inflation, because otherwise there would have been steep price deflation, and there is high demand for cash (and/or uncontrolled bank reserves are contracting at a similar [or faster] pace than controlled bank reserves are growing; [/quote