The Philippines' Problems And Possible Policies - Essay Example Robert Babe (37) emphasized "Economists, after all, are inclined to limit their professional attention to those human interactions or exchanges mediated by money, barter being a notable but minor exception. Discursive Acts, in contrast, focuses on non-monetized, verbal, symbolic interactions, thereby calling attention to a bifurcation of the field of human interaction -- into the realms of the "economic" and the "no economic" (or what I will term here the "purely communicator")." The quote clearly shows that the economy of, including the Philippine human relations, is grounded on economic factors, which includes gross domestic product.To resolve the inflation issue of the Philippines, Don Paarlberg (159) states “A small group of economists, chiefly libertarians, propose taking the monetary system out of the hands of government and leaving it to private enterprise. Theoretically, the market would discipline the supply of money to keep its value at a stable level. This proposal has won acclaim from only a few.

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