information, an entire social class could monopolize the wealth resulting from a casual shift in technology. Keynes' report of just such an instance, in his study of "Shakespeare and the Profit Inflations," explains that since new wealth and bullion fall first to the governing classes, they experience a sudden buoyancy and euphoria, a glad release from the habitual stress and anxieties that fosters a prosperity, which in turn inspires the starving artist in his garret to invent new triumphant rhythms and exultant forms of painting and poetry. As long as profits leap well ahead of wages, the governing class cavorts in a style that inspires the greatest conceptions in the bosom of the impecunious artist. When, however, profits and wages keep in reasonable touch, this abounding joy of the governing class is correspondingly diminished, and art then cannot benefit from prosperity. Keynes discovered the dynamics of money as a medium. The real task of a study of this one medium is identical with that of the study of all media; namely, as Keynes wrote, "to treat the problem dynamically, analyzing the different elements involved, in such a manner as to exhibit the causal process by which the price level is determined, and the method of transition from one position of equilibrium to another." In a word, money is not a closed system, and does not have its meaning alone. As a translator and amplifier, money has exceptional powers of substituting one kind of thing for another. Information analysts have come to the conclusion that the degree to which one resource can be substituted for another increases when information increases. As we know more, we rely less on any one food or fuel or raw material. Clothes and furniture can now be made from many different materials. Money, which had been for many centuries the principal transmitter and exchanger of information, is now having its function increasingly transferred to science and automation. Today, even natural resources have an informational aspect. They exist by virtue of the culture and skill of some community.
