January 25th 2020


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Articles from this issue:

COVER STORY Wildfires: Lessons from the past not yet learnt

EDITORIAL America 'resets' foreign policy on China and Russia

CANBERRA OBSERVED After the fires, we still need an economy and to power it

GENDER POLITICS In trans Newspeak, parental consent is a 'hurdle'

REFLECTION Conjugal honour: Love of husband and wife joined together in pure intimacy

LIFE ISSUES Pro-lifers punished for exposing baby harvesting

LAW AND SOCIETY Cardinal Pell and the Appeal Court judges

LITERATURE AND SOCIETY The poetry of Distributism

AUSTRALIAN HISTORY Botany Bay: Always more than a dumping ground

INTERNATIONAL AFFAIRS Finally getting Brexit done

HUMOUR The MacStuttles probe

MUSIC From retch to wretched

CINEMA Three times the bravura: 1917, The Gentlemen, Shaun the Sheep: Farmageddon

BOOK REVIEW The contradictions of the dominant ideology

BOOK REVIEW Novel celebrates inventor of literary fairytales

POETRY

LETTERS

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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