March 23rd 2019


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Articles from this issue:

COVER STORY Federally, the pro-family voter is starved for choice

SPECIAL EDITORIAL Has Cardinal George Pell been wrongly convicted?

EDITORIAL For politicians: lessons from Europe's emerging pro-family parties

ENERGY Hundreds of years of oil and gas reserves; if we want to use them

THE CARDINAL AND THE MEDIA Four Corners: the third trial of Cardinal Pell

SOCIETY AND RELIGION The future belongs to those who possess the past

SCIENCE Are summer heatwaves caused by climate change?

CHILD SEXUAL ABUSE The roots of the breaking of a fundamental taboo

CARDINAL PELL CONVICTION Triumphalism over Pell verdict shows civilisation is just a veneer

INTERNATIONAL AFFAIRS President Donald Trump: an unlikely promise keeper Part 1

THE AUSTRALIAN CLIMATE Same old same old in our beloved sunburnt country

THE AUSTRALASIAN A three years' drought

ASIAN AFFAIRS Taiwan reaches out to its regional neighbours

INTERNATIONAL AFFAIRS Covington boys: left hoist on its bigots' petard

MUSIC Time's unfolding: One of music's raw materials

CINEMA Stan & Ollie: Past joys, past sorrows

BOOK REVIEW The three-part attack on the home

BOOK REVIEW What draining the DC swamp turns up

LETTERS

POETRY

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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