New Books In Economics

Many of us in the western world don’t rely on bills and coins as much as we used to, yet the idea of cash money is still an ever-present constant in our minds. How often have you stopped to consider the idea of what “money” actually is on a larger scale, or where our changing habits could lead us? In his book The End of Money – Counterfeiters, Preachers, Techies, Dreamers, and the Coming Cashless Society (Da Capo Press, 2012), David Wolman examines our commitment to cash, its advantages and drawbacks, how it facilitates crime and poverty, even its health and environmental issues. With an engaging and accessible style he prompts us to rethink the notion of money, how it works, and what forms it could take in the future. Wolman starts with a short history of cash, beginning with the official introduction of paper money to the Chinese monetary system in the 13th century and Marco Polo’s reaction to it 100 years later. Next we follow him around the globe to get a cross-cultural pictu