{"product_id":"money-in-one-lesson-how-it-works-and-why-9781529051834","title":"Money in One Lesson: How it Works and Why","description":"\u003cp\u003e\u003c\/p\u003e\u003cblockquote\u003eMoney is an essential part of our lives, but many people do not understand how it works. In Money in One Lesson, Gavin Jackson, a lead writer for the Financial Times, explains the most important questions to clarify what money is and how it shapes our societies. He uses stories like the 1970s Irish Banking Strike and the Great Inflation of West Africa's cowrie shell money to demonstrate how money keeps its value and how societies are forever entwined with monetary matters. \u003c\/blockquote\u003e\u003cp\u003e\u003cstrong\u003eFormat\u003c\/strong\u003e: Hardback\u003cbr\u003e\u003cstrong\u003eLength\u003c\/strong\u003e: 400 pages\u003cbr\u003e\u003cstrong\u003ePublication date\u003c\/strong\u003e: 20 January 2022\u003cbr\u003e\u003cstrong\u003ePublisher\u003c\/strong\u003e: Pan Macmillan\u003cbr\u003e\u003c\/p\u003e \u003cp\u003e\u003cbr\u003eUnderstanding cash, currencies, and the financial system is essential for making sense of what is going on in our world, especially now. Since the 2008 financial crisis, money has rarely been out of the headlines. Central banks have launched extraordinary policies, such as quantitative easing or negative interest rates. New means of payment, such as Bitcoin and Apple Pay, are changing how we interact with money and how governments and corporations keep track of our spending. Radical politicians in the US and UK are urging us to transform our financial system and make it the servant of social justice.\u003cbr\u003e\u003cbr\u003eAnd yet, if you stopped for a moment and asked yourself whether you really understand how it works, would you honestly be able to say yes? In Money in One Lesson, Gavin Jackson, a lead writer for the Financial Times, specializing in economics, business, and public policy, answers the most important questions to clarify for the reader what money is and how it shapes our societies. With brilliant storytelling, Jackson provides a basic understanding of the most important element of our everyday lives. Drawing on stories like the 1970s Irish Banking Strike to show what money actually is, and the Great Inflation of West Africa's cowrie shell money to explain how it keeps its value, Money in One Lesson demystifies the world of finance and explains how societies, both past and present, are forever entwined with monetary matters.\u003cbr\u003e\u003cbr\u003eMoney is a complex and multifaceted concept that has been the subject of much debate and discussion throughout history. At its core, money is a medium of exchange that allows people to buy and sell goods and services. It is a store of value, meaning that it can be used to protect the purchasing power of a currency over time. Money is also a unit of account, which means that it is used to measure the value of goods and services in an economy.\u003cbr\u003e\u003cbr\u003eThere are many different types of money, including fiat money, which is issued by governments and central banks, and commodity money, which is backed by a physical commodity, such as gold or silver. Fiat money is the most common type of money in use today, and it is generally accepted as legal tender by governments and businesses. Commodity money, on the other hand, is less common and is often used in rural or developing economies.\u003cbr\u003e\u003cbr\u003eOne of the key features of money is its ability to facilitate economic growth and development. Money allows people to buy and sell goods and services, which in turn creates jobs and increases productivity. It also allows for the accumulation of capital, which can be used to invest in new businesses and technologies. Money also plays a crucial role in the financial system, as it is used to regulate the flow of credit and investment in an economy.\u003cbr\u003e\u003cbr\u003eCentral banks play a critical role in the management of money and the financial system. They are responsible for setting interest rates, which determine the cost of borrowing money in an economy. They also regulate the supply of money in an economy, which can affect the level of inflation and economic growth. Central banks also work to prevent financial crises, such as the 2008 financial crisis, by implementing policies and regulations that promote stability and soundness in the financial system.\u003cbr\u003e\u003cbr\u003eIn recent years, there has been a growing interest in alternative forms of money, such as cryptocurrencies and digital currencies. These forms of money are not backed by any physical commodity, and they operate on a decentralized network. Cryptocurrencies, such as Bitcoin, are decentralized and operate on a peer-to-peer network, meaning that they are not controlled by any central authority\u003cbr\u003e\u003cbr\u003eIn conclusion, money is a complex and multifaceted concept that plays a critical role in the functioning of our modern economy. It is a medium of exchange, a store of value, and a unit of account that allows people to buy and sell goods and services. Money is also a key driver of economic growth and development, as it allows for the accumulation of capital and the facilitation of economic transactions. Central banks play a critical role in the management of money and the financial system, and they are responsible for setting interest rates, regulating the supply of money, and preventing financial crises In recent years, there has been a growing interest in alternative forms of money, such as cryptocurrencies and digital currencies. These forms of money are not backed by any physical commodity, and they operate on a decentralized network. Cryptocurrencies, such as Bitcoin, are decentralized and operate on a peer-to-peer network, meaning that they are not controlled by any central authority\u003cbr\u003e\u003cbr\u003eIn conclusion, money is a complex and multifaceted concept that plays a critical role in the functioning of our modern economy. It is a medium of exchange, a store of value, and a unit of account that allows people to buy and sell goods and services. Money is also a key driver of economic growth and development, as it allows for the accumulation of capital and the facilitation of economic transactions. Central banks play a critical role In recent years, there has been a growing interest in alternative forms of money, such as cryptocurrencies and digital currencies. These forms of money are not backed by any physical commodity, and they operate on a decentralized network. Cryptocurrencies, such as Bitcoin, are decentralized and operate on a peer-to-peer network, meaning that they are not controlled by any central\u003c\/p\u003e\u003cp\u003e\u003cstrong\u003eWeight\u003c\/strong\u003e: 622g\u003cbr\u003e\u003cstrong\u003eDimension\u003c\/strong\u003e: 163 x 243 x 38 (mm)\u003cbr\u003e\u003cstrong\u003eISBN-13\u003c\/strong\u003e: 9781529051834\u003c\/p\u003e","brand":"Gavin Jackson","offers":[{"title":"Hardback","offer_id":44099450667258,"sku":"9781529051834","price":13.9,"currency_code":"GBP","in_stock":true}],"thumbnail_url":"\/\/cdn.shopify.com\/s\/files\/1\/0522\/4297\/2845\/products\/1646301540453_book.jpg?v=1646943452","url":"https:\/\/shulphink.com\/products\/money-in-one-lesson-how-it-works-and-why-9781529051834","provider":"Shulph Ink","version":"1.0","type":"link"}