#19 – Logan Chipkin: Understanding Economics
Arjun Khemani Podcast
The Complexity of an Economy
Hayek: Can we say anything more exact about how complex an economy needs to be for this double coincidence of once to become a significant enough problem that money has to emerge? How much wealthier does the society become as it evolves from a border society to a society with a universal medium of exchange, store value and unit of account? And here's a third and final example that kind of ties into astrobiology in the search for alien civilizations. Is money a necessary development in the evolution of a civilization that is making progress, growing knowledge and growing wealth? Or is it contingent? Now is the time I get a reading list from you on all the topics we've covered.
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