THE POWER OF MONEY

Innovation in money is just as important as innovation in any other sphere of activity money is always a work in progress In fact history shows societies have tried out a wide diversity of monetary arrangements Ideas about money have played key roles at crucial turning points in world history and during national histories Recently a new global money space has been created a joint venture between the public and private sector This book explores the new money society that has grown up to inhabit this new space The book has several aims Firstly the book shows how beliefs about money as well as attitudes and values towards it have varied between societies and over time and specifically how they have changed over the modern era Secondly the book shows the powerful effects that changing ideas have had on events including wars and revolutions recessions booms and financial crises Thirdly the book recounts the creation of a global money space dated to the last quarter of the 20th century and explores its features Fourthly the book describes some characteristics of the new money society that inhabits the global money space Fifthly the book shows how each society and indeed successive generations of the same society has made its own unique arrangem