Before Babylon, Beyond Bitcoin

From Money That We Understand to Money That Understands Us
Author: David Birch
Publisher: Perspectives
ISBN: 9781907994654
Category: Cash transactions
Page: 288
View: 6487

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Money is changing, and this book looks at where the technology of money might be taking us in the future. Technology has moved our concept of money from physical things, to unseen bits of information. With the arrival of smart cards, mobile phones and Bitcoin, it has become easier than ever to create new forms of money. Crucially, money is also inextricably connected with our identities. Your card or phone can identify you for security - and also enable information about you to be associated with your money (think for example of store 'points' cards). To understand all of this and to see where we might be going, the author first of all looks back over the whole history of money, which spans thousands of years. He sees evidence for possible futures in the past, both recent and ancient. After all, not all 'future' starts from today. For example, it can be argued that the future of money began back in 1971, when money became a claim backed by reputation rather than by commodities of any kind. At this point, money became bits. Looking much further back to a world before cash and central banks we see multiple 'currencies' operating at the level of communities, and the use of barter. The newest technologies will take money back to where it came from: a substitute for memory, to record mutual debt obligations within multiple overlapping communities. This time though money will be smart. It will be money that reflects the values of the communities that produced it. Future money will know where it has been, who has been using it and what they have been using it for.

Identity is the New Money


Author: David Birch
Publisher: Do Sustainability
ISBN: 190799436X
Category: Business & Economics
Page: 128
View: 8794

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This book argues that identity and money are both changing profoundly. Because of technological change the two trends are converging so that all that we need for transacting will be our identities captured in the unique record of our online social contacts. Social networks and mobile phones are the key technologies. They will enable the building of an identity infrastructure that can enhance both privacy and security – there is no trade-off. The long-term consequences of these changes are impossible to predict, partly because how they take shape will depend on how companies take advantage of business opportunities to deliver transaction services. But one prediction made here is that cash will soon be redundant – and a good thing too. In its place we will see a proliferation of new digital currencies.

Digital Human

The Fourth Revolution of Humanity Includes Everyone
Author: Chris Skinner
Publisher: John Wiley & Sons
ISBN: 1119511909
Category: Business & Economics
Page: 328
View: 9886

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Digital Human explores the way in which human and business relationships are changing in this digital age, and provides clear lessons on how to evolve existing businesses to be digital businesses relating to their digital human customers. Specifically, this book explores what the fourth age of humanity means for business, banking, society and government. The themes explored include how bitcoin and the network are altering and challenging government and control mechanisms; the rise of global digital giants and how the Chinese giants are far more imaginative than their American counterparts; the rise of the most fundamental innovations being notable in Sub-Saharan Africa, the Philippines and other emerging markets, and how these markets will educate those of Europe and America over time; and the challenge to govern a globalized world when we live in nation states. The book concludes with the world’s first in-depth English case study of Ant Financial and Alipay, the largest payments processing company on Earth. The company has a stated ambition of bringing onboard all of those people excluded from financial services today.

Money Talks

Explaining How Money Really Works
Author: Nina Bandelj,Frederick F. Wherry,Viviana A. Zelizer
Publisher: Princeton University Press
ISBN: 1400885264
Category: Social Science
Page: 288
View: 8923

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The world of money is being transformed as households and organizations face changing economies, and new currencies and payment systems like Bitcoin and Apple Pay gain ground. What is money, and how do we make sense of it? Money Talks is the first book to offer a wide range of alternative and unexpected explanations of how social relations, emotions, moral concerns, and institutions shape how we create, mark, and use money. This collection brings together a stellar group of international experts from multiple disciplines—sociology, economics, history, law, anthropology, political science, and philosophy—to propose fresh explanations for money's origins, uses, effects, and future. Money Talks explores five key questions: How do social relationships, emotions, and morals shape how people account for and use their money? How do corporations infuse social meaning into their financing and investment practices? What are the historical, political, and social foundations of currencies? When does money become contested, and are there things money shouldn't buy? What is the impact of the new twenty-first-century currencies on our social relations? At a time of growing concern over financial inequality, Money Talks overturns conventional views about money by revealing its profound social potential.

Asia

Cultural Politics in the Global Age
Author: David Birch,Sanjay Srivastava,Tony Schirato
Publisher: Allen & Unwin
ISBN: 1864489901
Category: Asia
Page: 225
View: 9785

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An introduction to the cultures and societies of contemporary Asia.

The Age of Cryptocurrency

How Bitcoin and the Blockchain Are Challenging the Global Economic Order
Author: Paul Vigna,Michael J. Casey
Publisher: Macmillan
ISBN: 1250081556
Category: Business & Economics
Page: 384
View: 8258

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Bitcoin became a buzzword overnight. A cyber-enigma with an enthusiastic following, it pops up in headlines and fuels endless media debate. You can apparently use it to buy anything from coffee to cars, yet few people seem to truly understand what it is. This raises the question: Why should anyone care about bitcoin? In The Age of Cryptocurrency, Wall Street journalists Paul Vigna and Michael J. Casey deliver the definitive answer to this question. Cybermoney is poised to launch a revolution, one that could reinvent traditional financial and social structures while bringing the world's billions of "unbanked" individuals into a new global economy. Cryptocurrency holds the promise of a financial system without a middleman, one owned by the people who use it and one safeguarded from the devastation of a 2008-type crash. But bitcoin, the most famous of the cybermonies, carries a reputation for instability, wild fluctuation, and illicit business; some fear it has the power to eliminate jobs and to upend the concept of a nation-state. It implies, above all, monumental and wide-reaching change—for better and for worse. But it is here to stay, and you ignore it at your peril. Vigna and Casey demystify cryptocurrency—its origins, its function, and what you need to know to navigate a cyber-economy. The digital currency world will look very different from the paper currency world; The Age of Cryptocurrency will teach you how to be ready.

Beyond Bitcoin

The Economics of Digital Currencies
Author: Hanna Halaburda,Miklos Sarvary
Publisher: Springer
ISBN: 1137506423
Category: Business & Economics
Page: 186
View: 6554

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Digital currencies are a fairly new phenomenon brought about by the spectacular rise of the internet. While Bitcoin is the most famous, there are numerous other digital currencies—from Amazon Coin to Zetacoin. Beyond Bitcoin explores the economic forces underlying the design of their features and their potential. Halaburda and Sarvary argue that digital currencies are best understood by considering the economic incentives driving their creators and users. The authors present a framework that will allow systemic analysis of this dynamic environment and support further discussion of the design of digital currencies' features and the competition in the market.

The Social Life of Money


Author: Nigel Dodd
Publisher: Princeton University Press
ISBN: 1400880866
Category: Social Science
Page: 464
View: 5051

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Questions about the nature of money have gained a new urgency in the aftermath of the global financial crisis. Even as many people have less of it, there are more forms and systems of money, from local currencies and social lending to mobile money and Bitcoin. Yet our understanding of what money is—and what it might be—hasn't kept pace. In The Social Life of Money, Nigel Dodd, one of today’s leading sociologists of money, reformulates the theory of the subject for a postcrisis world in which new kinds of money are proliferating. What counts as legitimate action by central banks that issue currency and set policy? What underpins the right of nongovernmental actors to create new currencies? And how might new forms of money surpass or subvert government-sanctioned currencies? To answer such questions, The Social Life of Money takes a fresh and wide-ranging look at modern theories of money. One of the book’s central concerns is how money can be wrested from the domination and mismanagement of banks and governments and restored to its fundamental position as the "claim upon society" described by Georg Simmel. But rather than advancing yet another critique of the state-based monetary system, The Social Life of Money draws out the utopian aspects of money and the ways in which its transformation could in turn transform society, politics, and economics. The book also identifies the contributions of thinkers who have not previously been thought of as monetary theorists—including Nietzsche, Benjamin, Bataille, Deleuze and Guattari, Baudrillard, Derrida, and Hardt and Negri. The result provides new ways of thinking about money that seek not only to understand it but to change it. Complete with a new preface that discusses recent developments in the evolution of money, the book draws out the ways in which its transformation could in turn radically alter society, politics, and economics.

Weaponization of Trade

The Great Unbalancing of Politics and Economics
Author: Rebecca Harding
Publisher: Perspectives
ISBN: 9781907994722
Category:
Page: 176
View: 4043

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Trade is being weaponized - and this is not good. As politicians on both sides of the Atlantic raise the stakes, trade is increasingly a tool of coercion to achieve strategic influence. This book looks at the risks for us all as trade becomes an instrument of foreign policy, and it shows how politicians could turn things around."

The Blockchain Alternative

Rethinking Macroeconomic Policy and Economic Theory
Author: Kariappa Bheemaiah
Publisher: Apress
ISBN: 1484226747
Category: Computers
Page: 248
View: 9887

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Examine what would happen if we were to deploy blockchain technology at the sovereign level and use it to create a decentralized cashless economy. This book explains how finance and economics work today, and how the convergence of various technologies related to the financial sector can help us find solutions to problems, such as excessive debt creation, banks getting too big to fail, and shadow banking. The Blockchain Alternative offers sensible corrections to outdated and incorrect dogmas, such as the efficient markets hypothesis and rational expectations theory. You’ll also be introduced to universal basic income, the consequences of going cashless, why complexity economics needs to be understood and what kinds of tools and theories you'll need to redefine the existing definition of capitalism. While the book does discuss technologies and methods that are primed for our future, a number of references are made to economic history and the works of great thinkers from a different era. You’ll see how the blockchain can be used to deploy solutions that were devised in the past, but which can serve as the antidote to our current economic malaises. You'll discover that what is required today is not an adaptation of the old theories, but a new methodology that is suited to this new era. Without undertaking such an endeavor, one will always be burdened with a definition of capitalism that is out of kilter with the evolution of our digital humanity. What would this mean to monetary and fiscal policy, market structure and our current understanding of economics? More importantly would we need to change our current understanding of capitalism? And if we were to change our perceptions, what would the future version look like? This book answers these questions, and analyses some of the most pertinent issues of our generation. What You’ll Learn Examine fractional banking, debt, and the financialization of assets Gain a firm understanding of the “too big to fail” theory, smart contracts, and Fintech Review economics and agent-based modelling Use the blockchain and complexity economics to rethink economics and capitalistic systems Who This Book Is For The primary audience is bankers and other finance professionals, policy makers, and students of finance and economics. The secondary audience is anyone seeking a deeper understanding of the current financial system, the blockchain, and the future of capitalism. Praise for The Blockchain Alternative “...a bold and pioneering effort to make sense of how emerging digital technologies might be used to reshape public policies, including macroeconomic and social policies, in basic ways. Everyone interested in this very important emerging question should read this book." - Dr. Sanjay G. Reddy, Associate Professor of Economics at The New School for Social Research and Research Associate of the Initiative for Policy Dialogue at Columbia University. “Writing on blockchain today is analogous to writing about the internet, before it became massively distributed. The book pushes us to think about the quantum leap that this technology may infer to our capitalist model, if scaled at the pace described by the book. Written with the support of strong empirical models but also with an open mind towards the future, this is a must read for anyone interested in becoming part of the new economic infrastructure” - Dr. Mark Esposito, Harvard University’s Division of Continuing Education & Judge Business School, University of Cambridge “With a rigorously balanced dosage of versatility and rationale we are allured into a multifaceted trajectory across ingrained yet functionally arcane economic models, only to plunge into a conceptually revolutionary realm which irreversibly stimulates us into envisaging a fascinating novel scheme of world order”. - Ioana Surpateanu, Political Adviser to the European Parliament “If there is only one book that I am reading on how blockchain is going to change our lives, it will have to be "The Blockchain Alternative." - Dr. Terence Tse, Associate Professor of Finance, ESCP Europe Business School

Free Banking in Britain

Theory, Experience, and Debate, 1800-1845
Author: Lawrence Henry White
Publisher: N.A
ISBN: 9780255363754
Category: Banks and banking
Page: 178
View: 6851

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Free banking, generically speaking, denotes a monetary system without a central bank, under which the issuing of currency is left to private banks. This book explores how this could work in practice by examining how this has worked historically, specifically in the United Kingdom in the early 19th century. After building a theory of free banking, its central chapters explore the history of Scotlands experience of free banking and the contemporary policy debate over the question of whether Parliament should allow free banking in England. The final chapters bring the debate forward and examine how free banking could work in modern times. The result is a significantly revised and update edition of a book about privately issued currency.

China, Trade and Power

Why the West's Economic Engagement Has Failed
Author: Stewart Paterson
Publisher: N.A
ISBN: 9781907994814
Category: Business & Economics
Page: 176
View: 1808

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From a Western point of view, the policy of economic engagement with China has failed.

Are Trams Socialist?

Why Britain Has No Transport Policy
Author: Christian Wolmar
Publisher: Do Sustainability
ISBN: 1907994572
Category: Transportation
Page: N.A
View: 8791

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Transport is key to our daily lives. The transport system is essential to ensure the movement of people and goods, and most of us will use the roads or public transport every day. Vast sums are tied up in it and are spent on trying to resolve the problems of congestion and delays. And yet it is a most neglected field of politics. Britain has never had a coherent transport policy. Transport ministers are regarded as minnows compared with their ‘big beast’ colleagues in other ministries. Successive governments have barely attempted to get to grips with the challenge of getting people around efficiently and safely while limiting the environmental damage caused by transport. In this entertaining polemic, Christian Wolmar, an author and journalist who has written about transport for over two decades, explains why politicians have not addressed the crucial issue of balancing transport needs with environmental considerations. Instead, they have been seduced by the popularity of the car and pressure from the car lobby, and they have been sidetracked by dogma. Solutions are at hand – and successful examples can be seen elsewhere in Europe – but courage and clear thinking are needed if they are to be implemented.

Darwin's Pharmacy

Sex, Plants, and the Evolution of the Noosphere
Author: Richard M. Doyle
Publisher: University of Washington Press
ISBN: 0295803002
Category: Science
Page: 336
View: 7315

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Are humans unwitting partners in evolution with psychedelic plants? Darwin�s Pharmacy shows they are by weaving the evolutionary theory of sexual selection and the study of rhetoric together with the science and literature of psychedelic drugs. Long suppressed as components of the human tool kit, psychedelic plants can be usefully modeled as �eloquence adjuncts� that intensify a crucial component of sexual selection in humans: discourse. Psychedelic plants seduce us to interact with them, building an ongoing interdependence: rhetoric as evolutionary mechanism. In doing so, they engage our awareness of the noosphere, or thinking stratum of the earth. The realization that the human organism is part of an interconnected ecosystem is an apprehension of immanence that could ultimately benefit the planet and its inhabitants. To explore the rhetoric of the psychedelic experience and its significance to evolution, Doyle takes his readers on an epic journey through the writings of William Burroughs and Kary Mullis, the work of ethnobotanists and anthropologists, and anonymous trip reports. The results offer surprising insights into evolutionary theory, the war on drugs, the internet, and the nature of human consciousness itself. Watch the book trailer: https://www.youtube.com/watch?v=xof-t2cAob4

Architect of Prosperity

Sir John Cowperthwaite and the Making of Hong Kong
Author: Neil Monnery
Publisher: London School of Economics and Political Science
ISBN: 9781907994692
Category: Business & Economics
Page: 320
View: 9184

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This is a book about Sir John Cowperthwaite - the man Nobel Prize-winning economist Milton Friedman identified as being behind Hong Kong's remarkable post-war economic transformation.

Britain's Cities, Britain's Future


Author: Mike Emmerich
Publisher: London School of Economics and Political Science
ISBN: 9781907994623
Category: Business & Economics
Page: 176
View: 9799

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Why did Britain's cities, once the engines of the industrial revolution, decline so severely? What needs to be done if our cities are once again to be the drivers of our economy? This book answers these questions, looking at the lessons of the last two hundred years. .

An Enterprise Map of Zambia


Author: John Sutton,Gillian Langmead
Publisher: N.A
ISBN: 9781907994104
Category: Business & Economics
Page: 192
View: 7384

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Over the first decade of the new millennium, Zambia's real GDP rose by 80%. Much of this rise came from the mining sector, but a substantial fraction came from the manufacturing sector, whose output rose by 50% in real terms over the decade. This volume provides a detailed account of Zambia's current industrial capabilities. From mining-related industries through general manufacturing, agribusiness and construction, it describes the structure of each of the country's major industries. It provides detailed profiles of fifty leading industrial companies that together represent the frontier of current capabilities in each area of activity. Along the way, it addresses key issues of current interest. Where did the capabilities of Zambia's leading industrial companies come from? How many of these companies came from abroad? How many had their origins in the public sector? And how many were set up by domestic trading companies that began local manufacturing operations? The copper industry generates three-quarters of Zambia's export earnings. But to what extent has Zambia developed downstream capabilities in the manufacture of copper products? How large a role is China playing in the flow of Foreign Direct Investment to Zambia? And in what industries are Chinese companies active? This is the fourth volume in John Sutton's "Enterprise Map" series, which profiles the industrial capabilities of selected countries in sub-Saharan Africa. Volumes on Ethiopia, Ghana and Tanzania have already appeared. The forthcoming fifth volume will be on Mozambique.

Digital Identity Management

Technological, Business and Social Implications
Author: David Birch
Publisher: Routledge
ISBN: 1351944118
Category: Business & Economics
Page: 280
View: 5563

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For almost every organization in the future, both public and private sector, identity management presents both significant opportunities and risks. Successfully managed, it will allow everyone to access products and services that are tailored to their needs and their behaviours. But successful management implies that organizations will have overcome the significant obstacles of security, individual human rights and social concern that could cause the whole process to become mired. Digital Identity Management, based on the work of the annual Digital Identity Forum in London, provides a wide perspective on the subject and explores the current technology available for identity management, its applications within business, and its significance in wider debates about identity, society and the law. This is an essential introduction for organizations seeking to use identity to get closer to customers; for those in government at all levels wrestling with online delivery of targeted services; as well as those concerned with the wider issues of identity, rights, the law, and the potential risks.

An Enterprise Map of Ghana


Author: John Sutton,Bennet Kpentey
Publisher: Hodder Christian Books
ISBN: 9781907994036
Category: Business & Economics
Page: 208
View: 1346

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Ghana's economy has grown rapidly over the past decade, and the goal of becoming a middle-income country in the fairly near future now seems attainable. The likely contribution of the oil sector makes the goal look all the more achievable. Yet this goal is unlikely to be attained without a substantial advance in Ghana's industrial capability. This is therefore a good moment to ask some questions. What are the current capabilities of Ghanaian firms? Where did those capabilities come from? Can the development of the oil sector lead to a parallel advance in related local industries? This volume presents the first general overview of Ghana's industrial sector. Each industry is profiled in detail, and the history and capabilities of leading firms are explored at length. ------------------ This is the second volume in John Sutton's "Enterprise Map" series, which profiles the industrial capabilities of selected countries in sub-Saharan Africa. The first volume was on Ethiopia and the forthcoming third volume will be on Tanzania. Further volumes in this series will appear in due course.