Money: What It Is, How Its Created, Who Gets I, Focardi Paperback..

Name: Money: What It Is, How Its Created, Who Gets I, Focardi Paperback..
Brand: Taylor & Francis

Taylor & Francis

MoneyWhat It Is, How Its Created, Who Gets It, and Why It Matters\nAuthor(s): Sergio M. Focardi\nFormat: Paperback\nPublisher: Taylor & Francis Ltd, United Kingdom\nImprint: Routledge\nISBN-13: 9781138228955, 978-1138228955\nSynopsis\nBy enabling the storage and transfer of purchasing power, money facilitates economic transactions and coordinates economic activity. But what is money? How is it generated? Distributed? How does money acquire value and that value change? How does money impact the economy, society?\n\nThis book explores money as a system of \""tokens\"" that represent the purchasing power of individual agents. It looks at how money developed from debt/credit relationships, barter and coins into a system of gold-backed currencies and bank credit and on to the present system of fiat money, bank credit, near-money and, more recently, digital currencies. The author successively examines how the money circuit has changed over the last 50 years, a period of stagnant wages, i.