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This volume investigates the durable nature of financial institutions, from the Middle Ages to the present day, and argues that reform should take place through innovation in institutional design rather than regulation.
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Modern civilization revolves around money. However, money is a paradox. It is nothing more than a representation of and medium for decentralized networks of social trust, but its production is controlled by highly centralized networks of firms, places, and governments, and there is never enough...
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