International Journal of Sustainable Development Research

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The Money Should Be Base Point in the Economy

Received: 24 July 2021    Accepted: 9 August 2021    Published: 23 August 2021
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Abstract

In modern time the world really have forgotten what the money is. Why the humanity invented it, what was (and should be) its function in the society? Maybe it is better to compare this tool to other inventions done during centuries, used and developed? Why the society was developing the used units to make them as exact as possible? Here is a trial to show that the society step by step developed the tools of social cooperation. Mainstream goal always was to find better possibility to make honest contracts, to do easy exchanges, to trade easily. To look at in history it is possible to see how it was changing all the measurement units during time: many different measure unit of weight mainly came into one precise kg, many different measurement units of length mainly came into one precise Meter, many different measurement units of time came to second, so, nowadays kg, meter, second and some more different units are most precise ones and used by humanity as they are very usable in the contracts. The money too, in the 19th century came to gold (and silver) and became most trustable tool of measurement of value. And something happened in 20th century, something what the money did not deserve. Modern world has stepped back in case of money.

DOI 10.11648/j.ijsdr.20210703.12
Published in International Journal of Sustainable Development Research (Volume 7, Issue 3, September 2021)
Page(s) 56-60
Creative Commons

This is an Open Access article, distributed under the terms of the Creative Commons Attribution 4.0 International License (http://creativecommons.org/licenses/by/4.0/), which permits unrestricted use, distribution and reproduction in any medium or format, provided the original work is properly cited.

Copyright

Copyright © The Author(s), 2024. Published by Science Publishing Group

Keywords

History and Money, Stability of Money, Durability of Money, Political Temperature, Value of Money, Time and Money, Devaluation, Role of Measuring

References
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[3] Borislav Radevic, A. L. (2010). CREDIT RISK TRANSFER AS A MECHANISM OF PROTECTION AGAINST RISKS. Novi Pazar, Serbia.
[4] Bresciani-Turroni, C. ([1931]). The Economic of Inflation, a study of currency depreciation in post war Germany. (M. E. Sayers, Trans.) London: George Allen & Unwin LTD.
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[6] Fabris N., Vukajlovic-Grba D., Radunovic T., Jankovic J. (Podgorica 2004) ECONOMIC POLICY IN DOLLARIZED ECONOMIES WITH A SPECIAL REVIEW OF MONTENEGRO. The central bank of Montenegro.
[7] Hanke, S. (2019, May). REMEMBRANCES FROM MONTENEGRO'S MOMENTOUS CURRENCY REFORM: THE 1999 ADOPTION OF THE GERMAN MARK. Studies in Applied Economics. SAE/No. 135, pp. 1-8.
[8] IMF. (2004, 06 30). Classification of Exchange Rate Arrangements and Monetary Policy Frameworks. Retrieved 02 18, 2018, from IMF: https://www.imf.org/external/np/mfd/er/2004/eng/0604.htm.
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[12] Officer, L. H. (2018, 03 03). Gold Standard. Retrieved from EH.net: http://eh.net/?s=gold+standard.
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[14] Chinchaladze, N. (2020). The Impact of various currency regimes on economic development facets: case of Georgia. Vilnius, Lithuania. Retrieved from http://jssidoi.org/jssi/papers/papers/view/554.
[15] Friedmen, M. (2002). Capitalism and Freedom. Tbilisi: Dilis Gazeti, Georgian edition.
[16] Hayek, F. (2016). Choice in Currency: A Way to Stop Inflation. Why I am not conservative and other essays (lpp. 280-301). Tbilisi: University of Georgia / Georgian edition.
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  • APA Style

    Nodar Chinchaladze. (2021). The Money Should Be Base Point in the Economy. International Journal of Sustainable Development Research, 7(3), 56-60. https://doi.org/10.11648/j.ijsdr.20210703.12

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    ACS Style

    Nodar Chinchaladze. The Money Should Be Base Point in the Economy. Int. J. Sustain. Dev. Res. 2021, 7(3), 56-60. doi: 10.11648/j.ijsdr.20210703.12

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    AMA Style

    Nodar Chinchaladze. The Money Should Be Base Point in the Economy. Int J Sustain Dev Res. 2021;7(3):56-60. doi: 10.11648/j.ijsdr.20210703.12

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  • @article{10.11648/j.ijsdr.20210703.12,
      author = {Nodar Chinchaladze},
      title = {The Money Should Be Base Point in the Economy},
      journal = {International Journal of Sustainable Development Research},
      volume = {7},
      number = {3},
      pages = {56-60},
      doi = {10.11648/j.ijsdr.20210703.12},
      url = {https://doi.org/10.11648/j.ijsdr.20210703.12},
      eprint = {https://article.sciencepublishinggroup.com/pdf/10.11648.j.ijsdr.20210703.12},
      abstract = {In modern time the world really have forgotten what the money is. Why the humanity invented it, what was (and should be) its function in the society? Maybe it is better to compare this tool to other inventions done during centuries, used and developed? Why the society was developing the used units to make them as exact as possible? Here is a trial to show that the society step by step developed the tools of social cooperation. Mainstream goal always was to find better possibility to make honest contracts, to do easy exchanges, to trade easily. To look at in history it is possible to see how it was changing all the measurement units during time: many different measure unit of weight mainly came into one precise kg, many different measurement units of length mainly came into one precise Meter, many different measurement units of time came to second, so, nowadays kg, meter, second and some more different units are most precise ones and used by humanity as they are very usable in the contracts. The money too, in the 19th century came to gold (and silver) and became most trustable tool of measurement of value. And something happened in 20th century, something what the money did not deserve. Modern world has stepped back in case of money.},
     year = {2021}
    }
    

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    T2  - International Journal of Sustainable Development Research
    JF  - International Journal of Sustainable Development Research
    JO  - International Journal of Sustainable Development Research
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    AB  - In modern time the world really have forgotten what the money is. Why the humanity invented it, what was (and should be) its function in the society? Maybe it is better to compare this tool to other inventions done during centuries, used and developed? Why the society was developing the used units to make them as exact as possible? Here is a trial to show that the society step by step developed the tools of social cooperation. Mainstream goal always was to find better possibility to make honest contracts, to do easy exchanges, to trade easily. To look at in history it is possible to see how it was changing all the measurement units during time: many different measure unit of weight mainly came into one precise kg, many different measurement units of length mainly came into one precise Meter, many different measurement units of time came to second, so, nowadays kg, meter, second and some more different units are most precise ones and used by humanity as they are very usable in the contracts. The money too, in the 19th century came to gold (and silver) and became most trustable tool of measurement of value. And something happened in 20th century, something what the money did not deserve. Modern world has stepped back in case of money.
    VL  - 7
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Author Information
  • Economics, Business Administration, University of Georgia, Tbilisi, Georgia

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