Money and Market

Money and MarketI, the undersigned Liviu Catalin Andrei (also known as Liviu C. Andrei), here declare that ‘Money and Market…[1] is for a modest man like me what the ‘General Theory…[2] was for John M. Keynes (1936) and what masterpieces usually are for all writers and artists. It was long enough that I had previously dreamed about my ‘history of money’ to be once written. Yes, first that’s the way it is, other people’s dreams are much different than mine… I preferred to dream about a history of money… But other aspects related to are here coming as much more interesting.

First, how can be taken that well-known Biblical parable of Jesus about ‘not to love money… as we love God’?[3] Are we supposed to stay ever far from money all ways? Ok, this means even no research and none of what we have here, in this paper.  Money could be ‘devil stuff’, especially in its depth. When, on the contrary, approaching money and observing about, the ‘devil stuff’ idea gets increasingly tempting since at least money’s qualities and paradoxes resulted. The same approaching money is fully secular culture for which research and debate are imperative and the ‘devil stuff idea’ presumably gets out of question. But the problem quickly becomes the same for all these. Our issue proves so complex, deep and interesting, and that when effective money stays everyday presence in the people’s hands that no one who does research could refuse any superhuman involved in, be it devil or even God.

Second, such a history couldn’t be, but global view, so world-wide; never regional, national and otherwise territorially restricted[4]. And that whereas, actually, all individual currency was ever made (issued) to do its job within a country territory, a region and maybe a little around.

Third, in such circumstances at least two further concomitant aspects do result. The one consists in a flexible view about the topic, i.e. no history of money is supposed to be similar to others or to entirely relate to its precedent ones as in the examples of dictionaries, encyclopedias or similar scholar work papers successively edited or multiplying.

The other result might be contradictory, at least in some ways. On the one hand, since world-wide and flexible view, many and more papers are expected in the topic[5]. On the other, papers published of this topic area might stay individually representative for the time interval (e.g. decade, or so) they appeared in. In other words, the money history topic varies its appearance on medium-long terms in a similar way to the old economic treaties’ era.  That started in 1776  with the first ever treaty of economics published by Adam Smith[6] and ended about the 19th-20th century vicinity, when economics started a new developing era, the one on individual components, e.g. macro-, micro-, sometimes mezzo-economics and international economics, for economy of scale; industry, trade, agriculture, transports, banking and other sectors economics; finance, money, accounting for economic specialties; statistics, econometrics, management, marketing,  commodities knowledge for topics ‘neighbour’ to economics.

And now let me give some immediate information about this book of mine. First, it is cited by the ‘Scienceforeveryone’ web-site / ‘Recommended reading for “History of Humankind” from Animals to Superman’, in English and Iraqi languages, section ‘Directions of History’ ( Second and apart from historical valence, Wikipedia/English cites it for the concept of ‘Gold Standard’, Wikipedia/ French does the same for the concept of ‘Silver Certificate’ and the multi-language ‘’ cites it for academic concepts of: representative money, money-based economy and lordship.    


Bucharest, February, 2016


[1] i.e. ‘Money and Market in the Economy of All Times’, by Liviu C. Andrei, published by in February 2011, 352 pages, ISBN 978-1-4568-6558-0, hard-cover, soft-cover, e-book presentations

[2] Actually, the full book title is: ‘General Theory of Labour Employment, of Interest and Money’,  first published in London (1936) and then republished in Paris, in its French version.

[3] Glyn Davies is another author similarly wondering about the religious aspect of money and that in the introductory chapter of his book, as well(Davies Glyn, ‘History of Money: From the Ancient Times to the Present Day’ University of Wales Press. First edition 1994; last edition 2002)

[4] The book written by Rothbard and Salerno is,in my view, the exception that actually confirms the rule (See Murray N. Rothbard & Joseph T. Salerno: ‘ A History of Money and Banking in the United States’ Ludwig von Mises Institute. Auburn, Alabama. 2002).

[5] Just considering the most representative paper in the area the already mentioned  book of the British professor Glyn Davies, ‘History of Money: From the Ancient Times to the Present Day’ University of Wales Press. First edition 1994; last edition 2002. Other paper-books: Jack Weatherford: ‘The History of Money’. Three Rivers Press. New York. 1998,  Catherine Eagleton & Jonathan Williams: ‘ Money. A History’ Firefly Books. NY. 2007,  Felix Martin: ‘Money. The Unauthorized Biography’. Vintage. London. 2014, and at least partly: Nial Fergusson: ‘The Ascent of Money. A Financial History of the World‘  Penguin Group USA & Canada 2008. Murray N. Rothbard & Joseph T. Salerno: ‘ A History of Money and Banking in the United States’ Ludwig von Mises Institute. Auburn, Alabama. 2002.

[6] His treaty was called ‘Wealth of Nations’ and economic treaty authors also were, at least: David Ricardo, Karl Marx and Alfred Marshall.

Liviu Catalin Andrei
Liviu Catalin Andrei
Liviu Catalin Andrei is a Romanian native and was born near Bucharest in 1954. Here, he became a general economist in 1978 and Ph.D. in economics in 1996, but his scholar activity starts not earlier than in 1991. Then, he worked in the ‘Money and Finance’ research institute of the Romanian Academy of Sciences, as well as in the European Institute of Romania; the same for teaching in some universities of Bucharest (University of Economics ASE, AISTEDA University, Ecological University and University of Political and Administrative Sciences SNSPA) . He also attended some study programmes in the Vilnius University (Lithuania), University of South Florida (Tampa, US), University of Bath (UK) and Folkuniversitetèt (Malmö, Sweden). He was nominated in the 1999 edition of the book named ‘Barons Who’s Who’ in international banking and finance, NY, published by the ‘Global Finance’ review. He published a few tenth articles and chapters in academic reviews and books in Romania and abroad, on themes like: money and finance, general and world economics, transitional economies and economics of integration (European economics). He also published ten single author books in Romanian and in Romania, where some of them currently have two editions, as well as internationally, in English and French, e.g. ‘Money and Market in the Economy of All Times’ (, UK, 2011), ‘Basic Economics’(2013), ‘Fiat, versus representative money under debate (II)’ (2014), ‘Notions of European Economic Integration’ (2015), the last by LAP Lambert Academic Publishing, and ‘Notions d’Intégration Ėconomique Européenne’, the last by ‘Editions Universitaires Européennes’.