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The Evolution of Money

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The sharing economy's unique customer to company exchange is possible because of the evolution of money. These transactions haven't always been as fluid as they are today, but they are likely to become even more so in the future. It is therefore critical that we learn to appreciate money's elastic nature as deeply as do Uber, Airbnb, Kickstarter, and other leading innovators, and that we better comprehend money's transition from hard currencies to cryptocurrencies, such as Bitcoin, to access their cooperative potential.

The Evolution of Money illuminates this fascinating reality, focusing on the tension between currency's real and abstract properties and advancing a vital theory of money rooted in this dual exchange. It begins with the debt tablets of ancient Mesopotamia and follows with the development of coin money in early Greece and Rome, gold-backed currencies in medieval Europe, and monetary economics in Victorian England. The book concludes in the digital era, with the cryptocurrencies and service providers that are making the most of money's virtual aspects and that suggest a tectonic shift within the relevant power structures. By building this organic timeline, The Evolution of Money helps us visualize and strategize money's next, transformative role.

David Orrell is a writer and an applied mathematician. He is the author of The Future of Everything: The Science of Prediction (2007), Economyths: How the Science of Complex Systems Is Transforming Economic Thought (2010), and Truth or Beauty: Science and the Quest for Order (2012).

Roman Chlupaty is a journalist, lecturer, and consultant specializing in the global economy, politics, and the intersection of these two worlds. He is the coauthor, with David Orrell, of The Twilight of Homo Economicus (2012). He is also the author of (S)OUR EARTH: Fourteen Interviews About Things That Are Changing Our World (2010) and coauthor of (R)evolutionary Economy: Of Systems and Men (2013).

Author: Orrell David
Publisher: COLUMBIA UNIVERSITY PRESS
Pages: 309
ISBN: 9780231173728
Cover: Hardback
Edition Number: 1
Release Year: 2016

David Orrell is a scientist and writer of books on science and economics. According to the Sunday Times ‘Orrell is an engaging and witty writer, adept at explaining often complicated theories in clear language.’ His latest books are The Money Formula: Dodgy Finance, Pseudo Science, and How Mathematicians Took Over the Markets, written with Paul Wilmott; and Economyths: 11 Ways Economics Gets It Wrong (Icon Books, 2017).

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