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Tuesday Talks! The Smell of Money

Ruth Tarrant

2nd March 2011

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A fascinating half-hour broadcast on Radio 4 yesterday really grabbed my attention - The Smell of Money looks at the growing prevalence of the cashless society, and its implications for modern economies. A lovely accompanying article on the impact of forged money can be found here.

As a short extension activity that could follow on from using these resources, students could consider the following question (one of my favourite mock interview questions):

Suppose that aliens on Mars have found a way of forging our money so that it is completely indistinguishable from ‘official’ currency. They then come to Earth on a shopping spree, and take their purchased goods back with them to Mars. Who pays the cost of the shopping spree?

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Ruth Tarrant

Ruth has been Subject Lead in Economics at tutor2u for many years after a career of teaching Economics, Business, Politics and Maths in a range of secondary schools. She is a highly experienced A level Economics Examiner, and also teaches undergraduate Economics on a very part-time basis at the University of Oxford. Ruth is passionate about making economics fun, engaging and accessible.