Abstract
This chapter looks at some of the characteristics of the moneyed society, in terms of freedom of choice, justice and economic value in satisfying the needs and wants of consumer preferences, within the social setting of a moneyed society. It looks at the management of money as a token and store of value expressed in the demand for liquidity, and the recent use of “Quantitative Easing.” The importance of trust and feedback, or Reflexivity, in responding to economic changes is discussed, as well as the use of predictive modelling techniques for doing this. Finally, it looks at the financial performance measures of a moneyed society, like GDP, but also quality of life measures, like the Human Development Index (HDI) and the Gross National Happiness Index (GNH).
When I was young, I thought money was the most important thing in life; now that I am old, I know that it is.Oscar Wilde
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Notes
- 1.
See center for Global Development Report Oct 2013 on development impact bonds (DIB).
- 2.
See also “why economists failed to predict the financial crisis” Wharton university.
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Griffiths, M.R., Lucas, J.R. (2016). The Moneyed Society. In: Value Economics. Palgrave Macmillan, London. https://doi.org/10.1057/978-1-137-54187-1_5
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DOI: https://doi.org/10.1057/978-1-137-54187-1_5
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