Posts Tagged ‘cashless village’

In The End of Money (see citation, last entry) David Wolman suggests that poor people may taste the ‘cashless’ (i.e. digital) society early on, due to a ‘leapfrog effect’ that has already delivered mobile phones to over a billion people without bank accounts – many living in villages which have yet to be reached by national road or electricity networks.

“Almost overnight the phone has evolved from a one-trick pony (more…)


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The cashless village: in a pre-cash village like this (Solomon Islands), value is not stored in currency. Villagers don’t depend on cash to exchange value, either.

In The End of Money: Counterfeiters, Preachers, Techies, Dreamers – and the Coming Cashless Society (Da Capo Press, Boston MA, 2012) David Wolman seeks not the end of money generally but specifically the end of paper cash – the sooner the better.


He spends a year living without cash – those germ-infested, cocaine-smudged notes – and (more…)

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Cash? Can I take it in lumber, please?

A number of mobile banking experts have been envisioning the ‘cash-less village’, in which villagers pay for groceries and services on their mobile phones. But, in his book Predictably Irrational, Dan Ariely, a behavioural economist at Duke University, shows how the degree of abstraction of our currency can lead us to experience greater and greater distance from our ethical values, increasing moral hazard.


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