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Preface

Published online by Cambridge University Press:  15 July 2025

Ignazio Angeloni
Affiliation:
Harvard University, Massachusetts
Daniel Gros
Affiliation:
Centre for European Policy Studies
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Summary

A new economic model begins to emerge. After the turn of the century, the worldview made of free markets, globalization, and liberal democracy met multiple crises. While the political pendulum swings back toward government control, economists and independent agencies should promote balance, mitigating the tendency toward the extremes of public opinions divided into opposite camps. The tendency toward a stronger presence of the government in the economy must be controlled; the perimeter of open and competitive markets should not be restricted to the point at which they lose their creative force. In this book we reflect on these developments through the prism of one of the most ancient and fundamental societal institutions: money. Money is a mirror of society; it reveals the drivers, contradictions, strengths, weaknesses, and failures of society at large. We build on two convictions. The first is the value of history, to tell us what money is, what purpose should it serve, and how best it should be designed and governed. The second is that the fundamental purpose and requirements of money do not change through time or space. What changes are the manifestations of money. Technology is part of this process and should be used to serve money’s purposes better.

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Type
Chapter
Information
Money In Crisis
The Return of Instability and the Myth of Digital Cash
, pp. ix - xii
Publisher: Cambridge University Press
Print publication year: 2025

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  • Preface
  • Ignazio Angeloni, Harvard University, Massachusetts, Daniel Gros, Centre for European Policy Studies
  • Book: Money In Crisis
  • Online publication: 15 July 2025
  • Chapter DOI: https://doi.org/10.1017/9781009390101.001
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  • Preface
  • Ignazio Angeloni, Harvard University, Massachusetts, Daniel Gros, Centre for European Policy Studies
  • Book: Money In Crisis
  • Online publication: 15 July 2025
  • Chapter DOI: https://doi.org/10.1017/9781009390101.001
Available formats
×

Save book to Google Drive

To save content items to your account, please confirm that you agree to abide by our usage policies. If this is the first time you use this feature, you will be asked to authorise Cambridge Core to connect with your account. Find out more about saving content to Google Drive.

  • Preface
  • Ignazio Angeloni, Harvard University, Massachusetts, Daniel Gros, Centre for European Policy Studies
  • Book: Money In Crisis
  • Online publication: 15 July 2025
  • Chapter DOI: https://doi.org/10.1017/9781009390101.001
Available formats
×