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The Death of Money: How the Electronic Economy Has Destabilized the World's Markets and Created Financial Chaos

3.57  ·  Rating Details  ·  14 Ratings  ·  6 Reviews
Money - in the traditional sense - no longer exists. It died to decades ago when Richard Nixon forever abolished the gold standard. Since then, money as we once knew it has been replaced by an unstable new global medium of exchange that Joel Kurtzam calls "megabyte money".
This strange new world is far more volatile and chaotic than anything that has preceded it; it involve
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Paperback, 256 pages
Published April 25th 1994 by Back Bay Books (first published April 1993)
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Beth Barnett
May 28, 2007 Beth Barnett rated it it was amazing
Very interesting discussion of the workings of the stock market and its various money "products." Kurtzman also discusses the change from gold-standard-linked money to electronic money based on faith alone, and its effects, good and bad.
RevFile News
At the time he wrote this book in 1993, JOEL KURTZMAN was Executive Editor of the Harvard Business Review. For anyone tracking global trends toward a global electronic monetary system, this book is a "must read."

Excerpts:
"Money now is different. It is no longer a thing; it is a system. Money is a network. It is connected to the huge number-crunching supercomputers at Morgan Stanley & Company and to the PCs of individual investors ...

"Few people realize that money, in the traditional sense, h
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Larry Johnson
Aug 26, 2014 Larry Johnson rated it it was amazing
I read this for an Economics class back in 1996. The way the economy continues to change and with online payment sites such as Paypal the book is a must read for current economic students or those interested in the economy. It will only be a matter of time before some of the concerns on how "money" will change will actually exist and the question will be how will it affect the global economy.
Rob
Oct 11, 2011 Rob rated it liked it
Written soon after the Wall Street crash of 1987, the book explores the new economy which may have brought it on. The author begins with Nixon's decision to abandon the gold standard. That lead to the creation of an economy based on debt. I get $100 and put it in a bank. The bank keeps 10% and loans 90% to builder A, who deposits his $90 in his bank, which keeps 10% and loans 90%, etc. Suddenly a $100 check become worth so many more times its original value. The author also discusses how, thanks ...more
Lauren Sheil
Jan 27, 2013 Lauren Sheil rated it really liked it  ·  review of another edition
Some of the best quotes from this book...

Economics, far from being just a science, also reflects our values and sensitivities. It is one of the ways in which we, as a society, organize and define ourselves. – Joel Kurtzman; The Death of Money

In spite of all its fervid activity, money remains a naked symbol with no intrinsic value of its own and no direct linkage to anything specific. It is, as the French economists like to say, merely a “token,” a simple game-board piece moved from one file to a
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Noric Dilanchian
Mar 30, 2016 Noric Dilanchian rated it liked it
Shelves: economics
Remarkably ahead of its time. Kurtzman foretold so much that has followed.
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