Economics @ ITT

Money: The Unauthorised Biography by Felix Martin

Posted in economics by ittecon on June 5, 2013

A book review…

[M]oney is more than the oil in the engine – a mechanical lubricant – but a socially-created system of transferable credit, a way of keeping account of what people owe each other, while allowing them to transfer their various “IOUs” to others. Crucially, it is not just governments that create money – others can, too.

via Money: The Unauthorised Biography by Felix Martin – review | Books | The Guardian.

Advertisements

One Response

Subscribe to comments with RSS.

  1. Robert Nielsen said, on June 5, 2013 at 10:02 pm

    Looks like a fascinating book


Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s

%d bloggers like this: