Economics CPD Courses Coming up this Term!- Book Your Places Now!
"All money is virtual, and always has been – because money is just a set of ideas."
What is the real nature of money? In his new book 'Money: The Unauthorised Biography', Felix Martin suggests the modern approach to money - what we think it is and how it works - is wrong. He tells the FT's Andrew Hill why the conventional economic view is misguided and dangerous. Martin believes that we should view money as a social technology, a set of ideas and practices for organising society.
Martin argues that we shouldn't be afraid of using monetary policy as a deliberate technique for the re-distribution of income and wealth, for example for using higher inflation targets for "sweating off debt" as an alternative to persistent austerity. How might a different (unconventional) conception of money affect the types of banking system that we might want to emerge after the crisis? To what extent should the state radically narrow the range of financial institutions to which it is prepared to offer emergency financial help?
Guardian Book Review: Click Here
FOR MORE REVISION SUPPORT FROM THE TUTOR2U TEAM...
Use the following class codes to join our Zondle revision classes:
Economics: AS Micro 290-66327 AS Macro 290-66328 A2 Micro 290-66329 A2 Macro 290-66330
AQA AS/A2 Business: BUSS1 290-66325 BUSS2 290-66326 BUSS3 290-66323 BUSS4 290-66322
Economics CPD Courses in June 2014 - Book Your Places Now!
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