Monthly Archives: August 2012

Money doesn’t grow on trees?

I’ve been reading a lot of classic philosophy and economics texts recently, and have been struck by how almost everybody, from Aristotle to Locke to Smith, all address the issue of the origin of money in their work. So naturally, I was excited when I came across this article by The Economist.

http://www.economist.com/node/21560554

Irrespective of how it came about, I think we can all agree it’s had a pretty big influence on the development of the state and the world as a whole. I also think it’s quite a relevant topic since we seem to be moving into a new era of virtual money with the rise of credit cards, online transactions and mobile payments. In 50 years’ time we might have moved away from using coins and notes altogether.

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