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Erschienen in:
2015 | OriginalPaper | Buchkapitel
The Meaning of Money
Erschienen in: Are Markets Moral?
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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.