Felix Martin


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Felix Martin was educated in Britain, Italy and the United States and holds degrees in classics, international relations, and economics, including a doctorate in economics from Oxford University. He worked for the World Bank and for the European Stability Initiative think tank and is currently a partner in the fixed-income division at Liontrust Asset Management PLC. He lives in London.

Average rating: 3.8 · 829 ratings · 124 reviews · 28 distinct worksSimilar authors
Money: The Unauthorised Bio...

3.79 avg rating — 803 ratings — published 2013 — 26 editions
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The life of Father Isaac Jo...

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Geld, die wahre Geschichte:...

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The Life of Father Isaac Jo...

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Le Japon Vrai.

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Un Missionaire Des Hurons: ...

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The Life of Father Isaac Jo...

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L'Armée Allemande: étude d'...

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P. Isak Jogues Aus Der Gese...

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Le Marquis de Montcalm Et L...

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“For a century or more, the “civilized” world regarded as a manifestation of its wealth metal dug from deep in the ground, refined at great labor, and transported great distances to be buried again in elaborate vaults deep under the ground,”
Felix Martin, Money: The Unauthorised Biography

“If money is in essence transferable credit—rather than a commodity medium of exchange, as the academic economists insisted—then fundamentally different factors explain the economy’s demand for it. Meeting demand for commodities is a simple matter of ensuring a sufficient supply on the market. When it comes to transferable credit, however, volume alone is not enough: the creditworthiness of the issuer and the liquidity of the liability come into play. And both these factors are determined not technologically or physically but by the general levels of trust and confidence.”
Felix Martin, Money: The Unauthorized Biography

“The monetary standard had always been flexible: indeed, that was precisely what the perennial struggle between the sovereign and his mercantile subjects had always been about. The value of money depended not on the stuff that the coinage was made of but on the creditworthiness and authority of the sovereign who stood behind the tariff that specified the nominal value of the coin.”
Felix Martin, Money: The Unauthorised Biography



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