The Enigma of Money

Gold, Central Banknotes, and Bitcoin

Autori

• Makoto Nishibe

Parametri

• 93 pagine
• 4 ore di lettura

• Economia e affari

Maggiori informazioni sul libro

Focusing on the evolutionary aspects of money and markets, this book offers a fresh perspective on their self-fulfilling and self-destructive characteristics. It critiques neoclassical general equilibrium theory, which overlooks the role of money in concentrated markets. Instead, it introduces an alternative theory that explores how a realistic "dispersive market" operates using money and inventory as buffers, creating a multilayered system for price and quantity adjustments.

Lingua: Inglese

Pubblicato: 2016

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