Debates Club: What is Money?

Debates Club: What is Money?


Money, according to economists, is a medium of exchange, store of value, unit of account. Although we all use money every day, the nature and functioning of money seem shrouded in commonplace myths and ancient mysteries. Money plays a central role in economics today, yet rarely do we come across a serious, informed discussion of what money really is and what role it plays in the development of society. Money is a remarkable human invention, a mental symbol, a social organization and a means for the application and transfer of social power for accomplishment. Money is an evolving symbol of economic value and social power. Let us discuss this topic by exploring the origins, nature and functioning of money and its creative power by comparing money with other pre-eminent social institutions. All Welcome to participate on Wednesday, January 25 at 7 pm.

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