The Enigma of Money

Viac o knihe

Focusing on the evolutionary aspects of money and markets, this book offers a fresh perspective on their self-fulfilling and self-destructive characteristics. It critiques neoclassical general equilibrium theory, which overlooks the role of money in concentrated markets. Instead, it introduces an alternative theory that explores how a realistic "dispersive market" operates using money and inventory as buffers, creating a multilayered system for price and quantity adjustments.