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Money - Understandings and Misunderstandings (Paperback, 1st ed. 2020) Loot Price: R3,108
Discovery Miles 31 080
Money - Understandings and Misunderstandings (Paperback, 1st ed. 2020): Mohammad Ashraf

Money - Understandings and Misunderstandings (Paperback, 1st ed. 2020)

Mohammad Ashraf

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Loot Price R3,108 Discovery Miles 31 080 | Repayment Terms: R291 pm x 12*

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This book clarifies some misunderstandings about money by tying the concept of money to the goods and services sector of the economy. In addition, it demystifies the process of money creation on the part of central banks. The phenomenon of money is ubiquitous; it has been around for tens of thousands of years, if not longer. Indeed, no modern economy could function without money. For many, however, the concept of money remains elusive. Worse still, misinformation abounds, which leaves the uninitiated vulnerable to fraud. This lack of understanding has serious policy implications as well. When policymakers lack a firm grasp of the concept, policy is likely to be flawed and its effects are likely to be detrimental to the body politic. After providing a brief history of money, the author details the role of money in the division of labor and specialization, in economic growth, and in an interconnected world. Throughout the book, he points out the pitfalls of fallacious thinking. In recent policy debates, such thinking has led to proposals ranging from the re-institution of the gold standard to supplying limitless money as suggested by Modern Monetary Theory.

General

Imprint: Springer Nature Switzerland AG
Country of origin: Switzerland
Release date: October 2021
First published: 2020
Authors: Mohammad Ashraf
Dimensions: 210 x 148mm (L x W)
Format: Paperback
Pages: 280
Edition: 1st ed. 2020
ISBN-13: 978-3-03-050380-2
Categories: Books > Business & Economics > Economics > Macroeconomics > General
Books > Business & Economics > Finance & accounting > Finance > Banking
Books > Business & Economics > Finance & accounting > Finance > Public finance > General
Books > Money & Finance > Banking
Books > Money & Finance > Public finance > General
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LSN: 3-03-050380-1
Barcode: 9783030503802

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