Dr Michael Reiss is the author of the wonderful book What Went Wrong with Economics. The book uncovers many such flaws and shows how the resulting bad economic theories have devastating consequences. Dr Reiss shows how, with more realistic assumptions, economics, and our economic system, can be rescued.
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More than 99% of the general public think that money works as a system of tokens (real or electronic) that get passed from person to person as trade is carried out.