Abstract
IN view of the recent discussions on“Science and Society”in our columns, many readers will be interested to learn that Prof. M. Polanyi, professor of physical chemistry in the University of Manchester, has produced a short film entitled “An Outline of the Working of Money”. The film, which runs for 25 minutes and, except in the opening section, is in diagrammatic form, is divided into five parts. It deals in turn with the circular flow of money, the actions of saving and spending, the functions of the banks, depreciation and the role of the capital goods industries, and finally the interaction of these forces affecting the working of the economic system. In the preparation of the film, simplification of ideas has of course been necessary, but it presents a most interesting venture—so far as we are aware, the first venture—in the application of methods of visual presentation to economic theory. The film was first shown to members of the Manchester Statistical Society in March, and the Society has now published the full script of the film. The film itself, which is at present only available in a silent version, was made by Science Films Limited.
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Film Demonstration of Money Movements. Nature 141, 933 (1938). https://doi.org/10.1038/141933b0
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DOI: https://doi.org/10.1038/141933b0