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The Meaning of Money

In: Are Markets Moral?

Author

Listed:
  • Edward Skidelsky

    (University of Exeter)

  • Robert Skidelsky

    (University of Warwick)

Abstract

Actually, I hesitate to start on this topic of the meaning of money, because not only am I here with all of you, who are real experts, much more expert than I am and proper scholars, and I am basically just a bit of a yahoo, a practitioner in the world of money — I run a bond fund — but also because I am aware that in no other field than money is there a greater risk of being dismissed as a complete crank when you claim to have discovered the meaning of it. I am sure many of you will know Paul Samuelson, the great Nobel Prize-winning American economist. He used to say, ‘not one man in 10,000 understands the monetary question, and you meet him every day’. So here am I, and you have just met me.

Suggested Citation

  • Edward Skidelsky & Robert Skidelsky, 2015. "The Meaning of Money," Palgrave Macmillan Books, in: Edward Skidelsky & Robert Skidelsky (ed.), Are Markets Moral?, chapter 0, pages 103-143, Palgrave Macmillan.
    • Handle: RePEc:pal:palchp:978-1-137-47274-8_5
    DOI: 10.1057/9781137472748_5
    as

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