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The Power of Money

How Ideas about Money Shaped the Modern World

  • Robert Pringle

Table of contents

  1. Front Matter
    Pages i-x
  2. Robert Pringle
    Pages 1-14
  3. Time Past: How Ideas Drove Actions

    1. Front Matter
      Pages 15-15
    2. Robert Pringle
      Pages 17-27
    3. Robert Pringle
      Pages 29-41
    4. Robert Pringle
      Pages 43-52
    5. Robert Pringle
      Pages 53-61
    6. Robert Pringle
      Pages 87-93
    7. Robert Pringle
      Pages 113-122
    8. Back Matter
      Pages 123-126
  4. Time Present: Actions Have Consequences

    1. Front Matter
      Pages 127-127
    2. Robert Pringle
      Pages 129-136
    3. Robert Pringle
      Pages 137-150
    4. Robert Pringle
      Pages 151-156
    5. Robert Pringle
      Pages 157-165
    6. Robert Pringle
      Pages 167-178
    7. Robert Pringle
      Pages 179-189
    8. Back Matter
      Pages 191-192
  5. Part III

    1. Front Matter
      Pages 193-194
    2. Robert Pringle
      Pages 195-212
    3. Robert Pringle
      Pages 213-224
    4. Robert Pringle
      Pages 225-234
    5. Robert Pringle
      Pages 235-244
    6. Back Matter
      Pages 257-261
  6. Concluding Remarks

    1. Front Matter
      Pages 263-263
    2. Robert Pringle
      Pages 265-284
  7. Back Matter
    Pages 285-300

About this book

Introduction

Innovation in money is just as important as innovation in any other sphere of activity; money is always a “work in progress.” In fact, history shows societies have tried out a wide diversity of monetary arrangements. Ideas about money have played key roles at crucial turning points in world history and during national histories. Recently, a new global money space has been created, a joint venture between the public and private sector.

This book explores the new money society that has grown up to inhabit this new space. The book has several aims: Firstly, the book shows how beliefs about money, as well as attitudes and values towards it, have varied between societies and over time, and specifically how they have changed over the modern era. Secondly, the book shows the powerful effects that changing ideas have had on events, including wars and revolutions, recessions, booms and financial crises. Thirdly, the book recounts the creation of a global money space, dated to the last quarter of the 20th century, and explores its features. Fourthly, the book describes some characteristics of the new money society that inhabits the global money space. Fifthly, the book shows how each society, and indeed successive generations of the same society, has made its own unique arrangements to govern money – i.e. how it comes to terms with the power of money.

The author argues that we need to develop a new arrangement now and suggests that we have much to learn from recent creative work in a number of fields ranging from the sociology of money to contemporary art. This approach sheds new light on a number of controversial issues, including the rise of crony capitalism, growing social divisions, currency wars, and asset price bubbles.

Keywords

Money Monetary history globalisation financial history financial crisis the future of money fintech cryptocurencies crypto-assets

Authors and affiliations

  • Robert Pringle
    • 1
  1. 1.LondonUK

Bibliographic information

  • DOI https://doi.org/10.1007/978-3-030-25894-8
  • Copyright Information The Editor(s) (if applicable) and The Author(s), under exclusive license to Springer Nature Switzerland AG 2019
  • Publisher Name Palgrave Macmillan, Cham
  • eBook Packages Economics and Finance
  • Print ISBN 978-3-030-25893-1
  • Online ISBN 978-3-030-25894-8
  • Buy this book on publisher's site