Tags
creativity, Currency, Economy, George Gilder, Harvard Business Review, Knowledge, Liquidity, Money, Peter Drucker, Roger Martin
The road from the Renaissance to the iPhone might have taken much longer had the world not invented modern banking and finance. Money, an abstraction of value, is indeed a necessary precursor to globalization. It is also the source of systemic crises when the abstraction loses touch with the underlying value as when sophisticated financial instruments become self-referential.
The art and science of the possible 