Economist Felix Martin joins host Merryn Somerset Webb for this week’s episode of Merryn Talks Money to discuss the common understanding of, well, money. Specifically, why the typical conception of what constitutes it may be inaccurate. 

Martin, author of the book Money: The Unauthorized Biography and a former fund manager, says that rather than simply being a token medium of exchange, “money” is in fact “a system of ideas; it is the institution of credits and debts. It is the various technologies which have been developed and deployed for recording credits and debts and for transferring credits and debts from one person or one company to another.” 

Economist Felix Martin joins host Merryn Somerset Webb for this week&rsquo;s episode of&nbsp;Merryn Talks Money&nbsp;to discuss the common understanding&nbsp;of, well, money. Specifically, why the typical conception of what constitutes it may be inaccurate.&nbsp; Martin, author of the book&nbsp;Money:&nbsp;The Unauthorized Biography and&nbsp;a former fund manager,&nbsp;says that rather than simply being a token medium of exchange, &ldquo;money&rdquo; is in fact &ldquo;a system of ideas;&nbsp;it is the institution of credits and debts. It is the various technologies which have been developed and deployed for recording credits and debts and for transferring credits and debts from one person or one company to another.&rdquo;&nbsp;

Merryn Talks Money with Bloomberg senior columnist Merryn Somerset Webb is your key to understanding how markets work – and how you can make them work for you. Every episode features a relaxed but in-depth conversation with a fund manager, a strategist, a Bloomberg expert or just someone Merryn finds particularly interesting in any given week. Listen in for the kind of insights and explanations everyone can use to help them make better saving and investing choices.

Merryn Talks Money with Bloomberg senior columnist Merryn Somerset Webb is your key to understanding how markets work – and how you can make them work for you. Every episode features a relaxed but in-depth conversation with a fund manager, a strategist, a Bloomberg expert or just someone Merryn finds particularly interesting in any given week. Listen in for the kind of insights and explanations everyone can use to help them make better saving and investing choices.

Merryn Talks Money

Forget Everything You Know About Money

https://api.omny.fm/orgs/e73c998e-6e60-432f-8610-ae210140c5b1/clips/0122196b-a0cf-4b3f-848a-b2ec017bf5ab/transcript

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