The Evolution of Money

Hardcover | June 14, 2016

byDavid Orrell, Roman Chlupatý

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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.

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From the Publisher

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...

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 consult...

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Format:HardcoverDimensions:320 pages, 9 × 6 × 0.98 inPublished:June 14, 2016Publisher:Columbia University PressLanguage:English

The following ISBNs are associated with this title:

ISBN - 10:0231173725

ISBN - 13:9780231173728

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Table of Contents

AcknowledgmentsIntroduction1. Origins2. The Money Magnet3. Virtual Money4. New World5. A Wonderful Machine6. The Money Power7. Solid Gold Economics8. New Money9. Changing the Dominant Monetary Regime, Bit(coin) by Bit10. UtopiaNotesBibliographyIndex

Editorial Reviews

[Orrell and Chlupatý] show how money's increasingly elastic nature over the years has made the sharing economy and companies like Uber and Airbnb more effective.