Review – Money: The True Story of a Made-up Thing

Posted January 15, 2022 by Nicky in Reviews / 0 Comments

Cover of Money by Jacob GoldsteinMoney: The True Story of a Made-up Thing, Jacob Goldstein

Money: The True Story of a Made-up Thing is exactly what it says on the tin. It’s not an exhaustive history, or a manifesto for any particular path forward. Rather, it’s a series of stories about money in different time periods, which in aggregate tell us something about how money developed and how its been seen over time. It includes some really clear explanations of why the gold standard isn’t ideal, why the financial situation in Greece was a potential disaster for the euro, etc; it makes things which I thought were complicated sound really simple by breaking them down and demystifying them.

However, it’s worth noting that it doesn’t have footnotes. There are endnotes, which are not traditionally formatted but do point to some sources… but not nearly enough and not really specific enough to be able to say “ah, this assertion came from here, which I can read for myself”. It’s breezy and light and definitely intended for someone like me who is only very mildly interested in the topic, and it does well at being appealing for that audience. Others with more knowledge will no doubt find it shallow/overly-simplified/etc.

Rating: 4/5

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