Wednesday, July 26, 2006

What is money?.

This discussion is about the game of money. One key characteristic of money is that it is a zero sum game. Because of the zero sum effect the players would naturally hold tight to their money to protect them. But then the rules force them to play with this game of earning, spending and distribution. So, everyone has to play this game whether you like it or not.

The result is that money is as sophisticated as the society. It permeates all boundaries including social cultural and political boundaries. As such, it means different things to different people.

I call this the philosophy of money. We will take a look at some of the issues of money to appreciate this philosophy.

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