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The Enigma of Money
This book provides a new way of understanding modern money and markets by stressing their self-fulfilling/self-destructive properties as institutions from evolutionary perspectives. In contrast to an unrealistic view of the neoclassical general equilibrium theory that models the price mechanism of a “concentrated market” without using money, presented here is an alternative theory of market…
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- ISBN/ISSN
- 978-9811018183
- Collation
- 07 pages
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The Enigma of Money
The same logic also applies to such other currencies as Bitcoin and community currencies. Their recent diffusion has shown that Hayek's idea of denationalization of money and competition between multiple currencies in terms of its qualities, not its quantities sought as in ongoing quantitative easing, become more relevant under current situations. The qualities of money refer not only to stable…
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- ISBN/ISSN
- 978-981-10-1819-0
- Collation
- XIV, 93
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