The History of Money for Understanding EconomicsEconomics, cornerstone of politics Examining politics demands understanding of economics, as economic conditions always influence governmental decisions. As a step in that direction, understanding the monetary system is essential for interpreting complex economic events. The History of Money for Understanding Economics is the indispensable reference to comprehend money and economics, from early history to the present day, in an accessible manner. The book addresses key questions, including the origins of money, the definition and function of banks, the reasons behind the disappearance of gold coins, the value underpinning paper currency, what constitutes inflation, the purpose of the IMF, the sustainability of the US trade deficit, and much more. A monetary solution, rather than a political one Opting for a monetary rather than a political lens, this book aligns with other historical analyses that emphasize the impact of monetary factors. It explains how currency changes have served as catalysts for historical events, ranging from the fall of the Roman Empire to World War II and beyond. Given its historical significance, the book poses an intriguing question: could monetary innovation disrupt entrenched inequalities and support a faster shift toward sustainability? To this end, Lannoye proposes a monetary supplement designed to foster a more equitable distribution of income, potentially funding a parallel green economy. |
