The Enigma of money: gold, central banknotes, and bitcoin
Gespeichert in:
| 1. Verfasser: | |
|---|---|
| Format: | Buch |
| Sprache: | English |
| Veröffentlicht: |
Singapore
Springer
[2016]
|
| Schlagworte: | |
| Beschreibung: | "This book provides a new way of understanding modern money and markets by stressing their self-fulfilling/self-destructive properties as institutions from evolutionary perspectives. In contrast to an unrealistic view of the neoclassical general equilibrium theory that models the price mechanism of a "concentrated market" without using money, presented here is an alternative theory of markets on how a realistic "dispersive market" using a stock of money and inventory as buffers can work as a multilayered price-quantitative adjustment system. The central features of modern sovereign moneys seen in inconvertible IOUs of central banknotes can be depicted as "The Emperor's New Clothes" that correspond to the U.S. dollar and the Euro void of their own value. The image captures such characteristics of national currencies as "self-fulfilling ideas" by the inertia of conventions in the past and expectations of an uncertain future. Both ideas normally make money more acceptable and circulative so that its value can become more stable unless expectations for the future turn very pessimistic. The same logic also applies to such other currencies as Bitcoin and community currencies. Their recent diffusion has shown that Hayek's idea of denationalization of money and competition between multiple currencies in terms of its qualities, not its quantities sought as in ongoing quantitative easing, become more relevant under current situations. The qualities of money refer not only to stable monetary values and low transaction costs, but also to high ability in creating, sharing, and communicating social and cultural value. The potential of the logic of self-fulfillment of ideas can thus open up a new economic society when we realize that such various non-national currencies all depend on the same logic of money"--publisher |
| Beschreibung: | xiv, 93 Seiten Diagramme |
| ISBN: | 9811018189 9789811018183 |
Internformat
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| 245 | 1 | 0 | |a The Enigma of money |b gold, central banknotes, and bitcoin |c Makoto Nishibe |
| 264 | 1 | |a Singapore |b Springer |c [2016] | |
| 264 | 4 | |c © 2016 | |
| 300 | |a xiv, 93 Seiten |b Diagramme | ||
| 336 | |b txt |2 rdacontent | ||
| 337 | |b n |2 rdamedia | ||
| 338 | |b nc |2 rdacarrier | ||
| 500 | |a "This book provides a new way of understanding modern money and markets by stressing their self-fulfilling/self-destructive properties as institutions from evolutionary perspectives. In contrast to an unrealistic view of the neoclassical general equilibrium theory that models the price mechanism of a "concentrated market" without using money, presented here is an alternative theory of markets on how a realistic "dispersive market" using a stock of money and inventory as buffers can work as a multilayered price-quantitative adjustment system. The central features of modern sovereign moneys seen in inconvertible IOUs of central banknotes can be depicted as "The Emperor's New Clothes" that correspond to the U.S. dollar and the Euro void of their own value. The image captures such characteristics of national currencies as "self-fulfilling ideas" by the inertia of conventions in the past and expectations of an uncertain future. Both ideas normally make money more acceptable and circulative so that its value can become more stable unless expectations for the future turn very pessimistic. The same logic also applies to such other currencies as Bitcoin and community currencies. Their recent diffusion has shown that Hayek's idea of denationalization of money and competition between multiple currencies in terms of its qualities, not its quantities sought as in ongoing quantitative easing, become more relevant under current situations. The qualities of money refer not only to stable monetary values and low transaction costs, but also to high ability in creating, sharing, and communicating social and cultural value. The potential of the logic of self-fulfillment of ideas can thus open up a new economic society when we realize that such various non-national currencies all depend on the same logic of money"--publisher | ||
| 505 | 8 | |a The Enigma of Money: If We Understand Money, We Will Understand Economy -- Is Money a "Thing" or an "Event"? Reconsidering Money and Market -- Money as "The Self-Fulfillment of an Idea": The Difference Between a Bank of Japan Note and Bitcoin -- The Disease Haunting Money: The Relation Between Money and Bubbles -- Why Is Capitalist Economy Unstable? On Hyperinflation and Speculation | |
| 650 | 4 | |a Evolutionary economics | |
| 650 | 4 | |a Gold | |
| 650 | 4 | |a Bank notes | |
| 650 | 4 | |a Bitcoin | |
| 650 | 7 | |a Evolutionary economics |2 fast | |
| 650 | 7 | |a Evolutorische Wirtschaft |2 gnd | |
| 650 | 7 | |a Geldtheorie |2 gnd | |
| 650 | 0 | 7 | |a Geldpolitik |0 (DE-588)4019902-2 |2 gnd |9 rswk-swf |
| 650 | 0 | 7 | |a Goldwährung |0 (DE-588)4157897-1 |2 gnd |9 rswk-swf |
| 650 | 0 | 7 | |a Bitcoin |0 (DE-588)1041888279 |2 gnd |9 rswk-swf |
| 689 | 0 | 0 | |a Geldpolitik |0 (DE-588)4019902-2 |D s |
| 689 | 0 | 1 | |a Goldwährung |0 (DE-588)4157897-1 |D s |
| 689 | 0 | 2 | |a Bitcoin |0 (DE-588)1041888279 |D s |
| 689 | 0 | |8 1\p |5 DE-604 | |
| 776 | 0 | 8 | |i Erscheint auch als |n Online-Ausgabe |o 10.1007/978-981-10-1819-0 |z 978-981-10-1819-0 |
| 999 | |a oai:aleph.bib-bvb.de:BVB01-030590438 | ||
| 883 | 1 | |8 1\p |a cgwrk |d 20201028 |q DE-101 |u https://d-nb.info/provenance/plan#cgwrk | |
Datensatz im Suchindex
| _version_ | 1804178906421395456 |
|---|---|
| any_adam_object | |
| author | Nishibe, Makoto 1962- |
| author_GND | (DE-588)1118515048 |
| author_facet | Nishibe, Makoto 1962- |
| author_role | aut |
| author_sort | Nishibe, Makoto 1962- |
| author_variant | m n mn |
| building | Verbundindex |
| bvnumber | BV045201476 |
| classification_rvk | QC 110 |
| contents | The Enigma of Money: If We Understand Money, We Will Understand Economy -- Is Money a "Thing" or an "Event"? Reconsidering Money and Market -- Money as "The Self-Fulfillment of an Idea": The Difference Between a Bank of Japan Note and Bitcoin -- The Disease Haunting Money: The Relation Between Money and Bubbles -- Why Is Capitalist Economy Unstable? On Hyperinflation and Speculation |
| ctrlnum | (OCoLC)964659711 (DE-599)BVBBV045201476 |
| discipline | Wirtschaftswissenschaften |
| format | Book |
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| id | DE-604.BV045201476 |
| illustrated | Not Illustrated |
| indexdate | 2024-07-10T08:11:25Z |
| institution | BVB |
| isbn | 9811018189 9789811018183 |
| language | English |
| oai_aleph_id | oai:aleph.bib-bvb.de:BVB01-030590438 |
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| physical | xiv, 93 Seiten Diagramme |
| publishDate | 2016 |
| publishDateSearch | 2016 |
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| spelling | Nishibe, Makoto 1962- Verfasser (DE-588)1118515048 aut The Enigma of money gold, central banknotes, and bitcoin Makoto Nishibe Singapore Springer [2016] © 2016 xiv, 93 Seiten Diagramme txt rdacontent n rdamedia nc rdacarrier "This book provides a new way of understanding modern money and markets by stressing their self-fulfilling/self-destructive properties as institutions from evolutionary perspectives. In contrast to an unrealistic view of the neoclassical general equilibrium theory that models the price mechanism of a "concentrated market" without using money, presented here is an alternative theory of markets on how a realistic "dispersive market" using a stock of money and inventory as buffers can work as a multilayered price-quantitative adjustment system. The central features of modern sovereign moneys seen in inconvertible IOUs of central banknotes can be depicted as "The Emperor's New Clothes" that correspond to the U.S. dollar and the Euro void of their own value. The image captures such characteristics of national currencies as "self-fulfilling ideas" by the inertia of conventions in the past and expectations of an uncertain future. Both ideas normally make money more acceptable and circulative so that its value can become more stable unless expectations for the future turn very pessimistic. The same logic also applies to such other currencies as Bitcoin and community currencies. Their recent diffusion has shown that Hayek's idea of denationalization of money and competition between multiple currencies in terms of its qualities, not its quantities sought as in ongoing quantitative easing, become more relevant under current situations. The qualities of money refer not only to stable monetary values and low transaction costs, but also to high ability in creating, sharing, and communicating social and cultural value. The potential of the logic of self-fulfillment of ideas can thus open up a new economic society when we realize that such various non-national currencies all depend on the same logic of money"--publisher The Enigma of Money: If We Understand Money, We Will Understand Economy -- Is Money a "Thing" or an "Event"? Reconsidering Money and Market -- Money as "The Self-Fulfillment of an Idea": The Difference Between a Bank of Japan Note and Bitcoin -- The Disease Haunting Money: The Relation Between Money and Bubbles -- Why Is Capitalist Economy Unstable? On Hyperinflation and Speculation Evolutionary economics Gold Bank notes Bitcoin Evolutionary economics fast Evolutorische Wirtschaft gnd Geldtheorie gnd Geldpolitik (DE-588)4019902-2 gnd rswk-swf Goldwährung (DE-588)4157897-1 gnd rswk-swf Bitcoin (DE-588)1041888279 gnd rswk-swf Geldpolitik (DE-588)4019902-2 s Goldwährung (DE-588)4157897-1 s Bitcoin (DE-588)1041888279 s 1\p DE-604 Erscheint auch als Online-Ausgabe 10.1007/978-981-10-1819-0 978-981-10-1819-0 1\p cgwrk 20201028 DE-101 https://d-nb.info/provenance/plan#cgwrk |
| spellingShingle | Nishibe, Makoto 1962- The Enigma of money gold, central banknotes, and bitcoin The Enigma of Money: If We Understand Money, We Will Understand Economy -- Is Money a "Thing" or an "Event"? Reconsidering Money and Market -- Money as "The Self-Fulfillment of an Idea": The Difference Between a Bank of Japan Note and Bitcoin -- The Disease Haunting Money: The Relation Between Money and Bubbles -- Why Is Capitalist Economy Unstable? On Hyperinflation and Speculation Evolutionary economics Gold Bank notes Bitcoin Evolutionary economics fast Evolutorische Wirtschaft gnd Geldtheorie gnd Geldpolitik (DE-588)4019902-2 gnd Goldwährung (DE-588)4157897-1 gnd Bitcoin (DE-588)1041888279 gnd |
| subject_GND | (DE-588)4019902-2 (DE-588)4157897-1 (DE-588)1041888279 |
| title | The Enigma of money gold, central banknotes, and bitcoin |
| title_auth | The Enigma of money gold, central banknotes, and bitcoin |
| title_exact_search | The Enigma of money gold, central banknotes, and bitcoin |
| title_full | The Enigma of money gold, central banknotes, and bitcoin Makoto Nishibe |
| title_fullStr | The Enigma of money gold, central banknotes, and bitcoin Makoto Nishibe |
| title_full_unstemmed | The Enigma of money gold, central banknotes, and bitcoin Makoto Nishibe |
| title_short | The Enigma of money |
| title_sort | the enigma of money gold central banknotes and bitcoin |
| title_sub | gold, central banknotes, and bitcoin |
| topic | Evolutionary economics Gold Bank notes Bitcoin Evolutionary economics fast Evolutorische Wirtschaft gnd Geldtheorie gnd Geldpolitik (DE-588)4019902-2 gnd Goldwährung (DE-588)4157897-1 gnd Bitcoin (DE-588)1041888279 gnd |
| topic_facet | Evolutionary economics Gold Bank notes Bitcoin Evolutorische Wirtschaft Geldtheorie Geldpolitik Goldwährung |
| work_keys_str_mv | AT nishibemakoto theenigmaofmoneygoldcentralbanknotesandbitcoin |