Money

Understandings and Misunderstandings

Authors: Ashraf, Mohammad

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  • Dispels a number of central misunderstandings about money by tying the concept of money to the goods and services sector of the economy
  • Demystifies the process of money creation on the part of central banks
  • Points out the pitfalls of fallacious thinking
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  • ISBN 978-3-030-50378-9
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Hardcover 103,99 €
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About this book

This book clarifies some misunderstandings about money by tying the concept of money to the goods and services sector of the economy. In addition, it demystifies the process of money creation on the part of central banks.

The phenomenon of money is ubiquitous; it has been around for tens of thousands of years, if not longer. Indeed, no modern economy could function without money. For many, however, the concept of money remains elusive. Worse still, misinformation abounds, which leaves the uninitiated vulnerable to fraud. This lack of understanding has serious policy implications as well. When policymakers lack a firm grasp of the concept, policy is likely to be flawed and its effects are likely to be detrimental to the body politic.

After providing a brief history of money, the author details the role of money in the division of labor and specialization, in economic growth, and in an interconnected world. Throughout the book, he points out the pitfalls of fallacious thinking. In recent policy debates, such thinking has led to proposals ranging from the re-institution of the gold standard to supplying limitless money as suggested by Modern Monetary Theory.  

About the authors

Mohammad Ashraf is Professor of Economics at the University of North Carolina at Pembroke, USA, where he has taught economics and statistics courses since 1999. His research interests include macroeconomics and monetary economics, economic growth and development, and gender discrimination in the labor market. He is the author of Formal and Informal Social Safety Nets: Growth and Development in the Modern Economy (Palgrave Macmillan, 2014) and numerous research articles that have appeared in scholarly journals including Contemporary Economics Policy, Annals of Economics and Finance, Applied Economic Letters, Journal of Economics (MVEA), Journal of Economic Insight, and Journal of Education for Business.  

Table of contents (9 chapters)

Table of contents (9 chapters)

Buy this book

eBook 85,59 €
price for Spain (gross)
  • ISBN 978-3-030-50378-9
  • Digitally watermarked, DRM-free
  • Included format: PDF, EPUB
  • Immediate eBook download after purchase and usable on all devices
  • Bulk discounts available
Hardcover 103,99 €
price for Spain (gross)

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Bibliographic Information

Bibliographic Information
Book Title
Money
Book Subtitle
Understandings and Misunderstandings
Authors
Copyright
2020
Publisher
Palgrave Macmillan
Copyright Holder
The Editor(s) (if applicable) and The Author(s), under exclusive license to Springer Nature Switzerland AG
eBook ISBN
978-3-030-50378-9
DOI
10.1007/978-3-030-50378-9
Hardcover ISBN
978-3-030-50377-2
Edition Number
1
Number of Pages
XVII, 280
Number of Illustrations
40 b/w illustrations
Topics