The Evolution of Money

David Orrell and Roman Chlupatý

CUP

The Evolution of Money

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Pub Date: June 2016

ISBN: 9780231173728

320 Pages

Format: Hardcover

List Price:

Pub Date: June 2016

ISBN: 9780231541671

320 Pages

Format: E-book

List Price:

The Evolution of Money

David Orrell and Roman Chlupatý

CUP

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.

Acknowledgments
Introduction
1. Origins
2. The Money Magnet
3. Virtual Money
4. New World
5. A Wonderful Machine
6. The Money Power
7. Solid Gold Economics
8. New Money
9. Changing the Dominant Monetary Regime, Bit(coin) by Bit
10. Utopia
Notes
Bibliography
Index

Read an excerpt from the first chapter:

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 specializing in the global economy, politics, and the intersection of these two worlds. He is the coauthor, 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 coauthor of (R)evolutionary Economy: Of Systems and Men (2013).