Money, Debt and Liberal Economics

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Thursday, 16 January 2014, 11:49 am Opinion: Money, Debt and Liberal Economics , 11 January 2014 One of the most interesting books I have read this summer is "Money; The Unauthorised Biography", by Felix Martin (2013, Bodley Head). This is a thought-provoking book that suggests that the history of money is quite different to what most of us assume it to have been, and that economists' misunderstandings about money have led the discipline into an unhelpful policy cul-de-sac. Money is generally supposed to be a commodity (a physical thing) that came to be used as a medium of exchange to enable more complex forms of...more »

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