书目名称 | The Enigma of Money | 副标题 | Gold, Central Bankno | 编辑 | Makoto Nishibe | 视频video | | 概述 | Gives fundamental and basic views on the evolution of money, particularly on its emergence, divergence, and self-fulfilling retention.Considers money as a communication medium like language and sheds | 图书封面 |  | 描述 | .This book provides a new way of understanding modern money and markets by stressing their self-fulfilling/self-destructive properties as institutions from evolutionary perspectives. In contrast to an unrealistic view of the neoclassical general equilibrium theory that models the price mechanism of a “concentrated market” without using money, presented here is an alternative theory of markets on how a realistic “dispersive market” using a stock of money and inventory as buffers can work as a multilayered price-quantitative adjustment system. ..The central features of modern sovereign moneys seen in inconvertible IOUs of central banknotes can be depicted as “The Emperor‘s New Clothes” that correspond to the U.S. dollar and the Euro void of their own value. The image captures such characteristics of national currencies as “self-fulfilling ideas” by the inertia of conventions in the past and expectations of an uncertain future. Both ideas normally make money more acceptableand circulative so that its value can become more stable unless expectations for the future turn very pessimistic...The same logic also applies to such other currencies as Bitcoin and community currencies. Their rec | 出版日期 | Book 2016 | 关键词 | Money; Currency; Evolutionary Theory; Community Currency; Bitcoin | 版次 | 1 | doi | https://doi.org/10.1007/978-981-10-1819-0 | isbn_softcover | 978-981-10-9452-1 | isbn_ebook | 978-981-10-1819-0 | copyright | Springer Science+Business Media Singapore 2016 |
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