{"product_id":"9783031523557","title":"Money and Inflation: A New Approach to Monetary Analysis for the 21st Century","description":"\u003ch1\u003eMoney and Inflation: A New Approach to Monetary Analysis for the 21st Century\u003c\/h1\u003e \u003ch2\u003eChowdhury, Mehdi\u003c\/h2\u003e \u003cp\u003e\u003c\/p\u003e\u003cp\u003eThe book goes beyond the usual understanding of money—physically, electronically or\u003cb\u003e\u003ci\u003e \u003c\/i\u003e\u003c\/b\u003evirtually expressed in term of monetary units like dollars, pounds, gold coins, or\u003cb\u003e\u003ci\u003e \u003c\/i\u003e\u003c\/b\u003ebitcoins—and discusses how money is best conceptualised as the ability of a person\/party to\u003cb\u003e\u003ci\u003e \u003c\/i\u003e\u003c\/b\u003eobtain goods and services from another person\/party. This ability may originate from the access of\u003cb\u003e\u003ci\u003e \u003c\/i\u003e\u003c\/b\u003ea person\/party to money in usual sense (e.g. dollars, pounds) but also via force, social norms,\u003cb\u003e\u003ci\u003e \u003c\/i\u003e\u003c\/b\u003emutual negotiation, altruism, trust or due to human biological characteristics. As the ability to obtain goods and services from others depends on the context — what functions as money in a time and place may not function as money in another time and place — as such money has no universal type or representation. The book explains inflation as the increased need to acquire money, that is the need to employ more physical and mental labour to create the ability to obtaina wide range of goods and services. This book provides an explanation of the post covid price hike and the cost of living crisis by taking this new theory into consideration, which will be of interest to academics, researchers, policy makers and students studying finance, monetary economics and inflation. \u003cb\u003e\u003ci\u003e\u003c\/i\u003e\u003c\/b\u003e\u003c\/p\u003e \u003ch3\u003eDetails\u003c\/h3\u003e \u003cp\u003ePublished by: Palgrave Macmillan\u003c\/p\u003e \u003cp\u003ePublication Date: 2024-03-24\u003c\/p\u003e \u003cp\u003eFormat: Hardcover\u003c\/p\u003e \u003cp\u003eISBN-13: 9783031523557\u003c\/p\u003e \u003cp\u003eDOI: 10.1007\/978-3-031-52356-4\u003c\/p\u003e \u003cp\u003eDimensions: 210cm x148cm\u003c\/p\u003e \u003cp\u003ePages: 135\u003c\/p\u003e ","brand":"Springer Nature Switzerland","offers":[{"title":"Default Title","offer_id":46035932283020,"sku":"9783031523557","price":49.49,"currency_code":"USD","in_stock":true}],"thumbnail_url":"\/\/cdn.shopify.com\/s\/files\/1\/0710\/9545\/1788\/files\/9783031523557.jpg?v=1776091965","url":"https:\/\/fh90cf-fv.myshopify.com\/products\/9783031523557","provider":"Late Knight Books and Services, LLC","version":"1.0","type":"link"}