Keynes, in his Treatise on Money, in a footnote at the beginning of Chapter 35, referring to the love of money, as a footnote pointing to the work of the Hungarian psychoanalyst, Sandor Ferenczi, who was famous for his work on that subject. Ferenczi argued that the love of money was a continuation of infants' fascination with their own feces.
Ferenczi, Sandor. 1914. "The Ontogenesis of Interest in Money." In Sex in Psycho-Analysis (Contributions to Psycho-Analysis) (NY: Basic Books, 1950): pp. 319-31. I turns out that Keynes and Ferenczi were up to something. Devlin, Hannah. 2015. "Gold in faeces is worth millions and could save the environment." The Guardian (25 March). http://www.theguardian.com/science/2015/mar/23/gold-in-faeces-worth-millions-save-environment . "Sewage sludge contains traces of gold, silver and platinum at levels that would be seen as commercially viable by traditional prospectors. "The gold we found was at the level of a minimal mineral deposit," said Kathleen Smith... -- Michael Perelman Economics Department California State University Chico, CA 95929 530 898 5321 fax 530 898 5901 http://michaelperelman.wordpress.com
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