December 14th 2019


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Articles from this issue:

COVER STORY A myriad transformations effected by one birth

VICTORIAN POLITICS Andrews hacks away at another way of life and source of jobs

CANBERRA OBSERVED Labor must own up to why it took the thrashing it got

FOREIGN AFFAIRS Hong Kong voters reject Beijing and its proxies

LIFE AND FAMILY On the 30th anniversary of the Convention on the Rights of the Child, how are we doing?

INTERNATIONAL AFFAIRS Brexit: Quintessentially British party politics

OBITUARY Fr Paul Stenhouse: The thoughtful editor for the 'ordinary' reader

OBITUARY Vale David Milne, paragon of loyalty and perseverance

ASIAN AFFAIRS Taiwan and Hong Kong: Pawns in a bigger game

U.S.-CHINA RELATIONS How and why the U.S. should stop financing China's bad actors

HUMOUR You can't stop the music, Paddy

MUSIC 2020 foresight: A musical odyssey

CLASSIC CINEMA North by Northwest: The immaculately produced nightmare

BOOK REVIEW Truncated truths for post-truth times

BOOK REVIEW Food for a summer immersion program

POETRY

LETTERS

THE QUEEN V PELL: A blight on the whole of the criminal justice system

Books promotion page

THE EVOLUTION OF MONEY

David Orrell and Roman Chlupaty

$72.50


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Book description

The sharing economy’s unique customer-to-company exchange is possible because of the way in which money has evolved. These transactions have not always been as fluid as they are today, and they are likely to become even more fluid. It is therefore critical that we learn to appreciate money’s elastic nature as deeply as do Uber, Airbnb, Kickstarter, and other innovators, and that we understand money’s transition from hard currencies to cryptocurrencies like Bitcoin if we are 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 Mesopotamia and follows with the development of coin money in ancient Greece and Rome, gold-backed currencies in medieval Europe, and monetary economics in Victorian England. The book ends in the digital era, with the cryptocurrencies and service providers that are making the most of money's virtual side and that suggest a tectonic shift in what we call money. By building this organic time line, The Evolution of Money helps us anticipate money’s next, transformative role.

 

About the author

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 Chlupatý is a journalist, lecturer, and consultant specialising in the global economy, politics, and the intersection of these two worlds. He is the co-author, 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 co-author of (R)evolutionary Economy: Of Systems and Men (2013).

 


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