If most of us were asked what we thought was meant by the word ‘technology’ chances are the first thing that would come to mind are inventions such as cars, medicine and computers.
But economist and author David McWilliams would argue these are all physical technologies and that there’s also a whole world of social technologies out there that have shaped human progress in a similarly profound way that most of us are largely unaware of. Chief amongst these, he says, is the invention of money.
In this episode, we speak to David about his latest book Money – A Story of Humanity. He tells us how the very reason that money has any value at all is based on our collective belief and trust in it as a concept, how money was much more deeply involved in turning points in human history than first meets the eye, and we need to see our relationship with money as an evolutionary process that progresses much like natural selection.
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