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CARL GOMBRICH - BLOG

Higher Education, Interdisciplinarity, and some related things like Expertise and Future of Work

Welcome to my new blog. You can read more about me in the About tab, top left. I'm looking forward to getting back to 'writing and thinking out loud' about Higher Education, Interdisciplinarity and other things that interest me. You can talk to me either here or on my linked Twitter feed.

 

Futuristic Money

My friend, the chemist and economist Peter Bowman, reminds me that money is ‘crystallised trust’. Another friend, the Art Historian Andrew Spira, describes money as ‘a promise’ . That is certainly what it says on the bank notes. And of course a promise and trust in that promise are intimately related. What is a promise that one cannot trust? Just useless words. But this view of money is profoundly immaterial. Ironic then that money in many descriptions is that great lubricant

Debt

A debt that will not be repaid is a theft. A system based on debt only works if the creditors believe they will get their money back. Creditors will only believe they will get their money back if the promises made by the debtors are creditable. To take an analogy: if I say I will pick your kid up from school tomorrow, you will probably believe me if we know one-another and our friends go to the same school; but if I say I will pick your kid up from  school for the rest of the

 

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