Interdependence

Interdependence

Made in Taiwan: Most people in the world know virtually nothing about Taiwan. It is an extraordinary country: politically treacherous, as it claims independence from the People's Republic of China, and phy...
time and money

Time and Money

Time Family time: Many informal obligations between people involve time. Parents provide for children when they are young, and children owe them support when they are old. This is a form of inter-temporal e...

Measurement

Measurement Blood banks: what do you charge for deposits and withdrawals? A very striking example of how pricing something might change our attitude towards it was provided in 1970 by a professor at the Lon...
Pokémon cards are a form of private money for children

Allure

Money's allure Pokémania: Whoever created Pokémon cards was a strange genius. He identified the necessary properties of money and created his very own printing press. The cards can be used to play a board g...
The Guardian

Interview in The Guardian

Interview in The Guardian In their daily commute on trains or the underground, most bankers read the financial press, work on their BlackBerries or dream about what to do with their bonuses. Eric Lonergan mull...
featured in the economist

Review in The Economist

Review in The Economist Towards the end of Eric Lonergan’s considered treatise on money, he recounts how Pokémon cards, a baffling craze from Japan, spontaneously turned into currency in his daughter’s school ...