Money / Progress in Mathematics (PDF)
The phenomenon of money is...
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The phenomenon of money is ubiquitous; it has been around for tens of thousands of years, if not longer. Indeed, no modern economy could function without money. For many, however, the concept of money remains elusive. Worse still, misinformation abounds, which leaves the uninitiated vulnerable to fraud. This lack of understanding has serious policy implications as well. When policymakers lack a firm grasp of the concept, policy is likely to be flawed and its effects are likely to be detrimental to the body politic.
After providing a brief history of money, the author details the role of money in the division of labor and specialization, in economic growth, and in an interconnected world. Throughout the book, he points out thepitfalls of fallacious thinking. In recent policy debates, such thinking has led to proposals ranging from the re-institution of the gold standard to supplying limitless money as suggested by Modern Monetary Theory.
- Autor: Mohammad Ashraf
- 2020, 1st ed. 2020, 280 Seiten, Englisch
- Verlag: Springer International Publishing
- ISBN-10: 303050378X
- ISBN-13: 9783030503789
- Erscheinungsdatum: 05.10.2020
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- Größe: 3.91 MB
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