MONEY AND GOVERNMENT

The dominant view in economics is that money and government should play only a minor role in economic life. Money, it is claimed, is nothing more than a medium of exchange/ and economic outcomes are best left to the 'invisible hand' of the market. The view taken i n this important new book is that the omnipresence of uncertainty make money and government essential features of any market economy . One reason we need money is because we don't know what the future will bring. Government - good government - makes the future more predict...[Read more]