The Euro’s Imagined Community

by Robert J. Shiller Robert Shiller, Professor ofEconomics at Yale University, is co-author, with George Akerlof, of Animal Spirits:How Human Psychology Drives the Economy and Why It Matters for GlobalCapitalism. 21.03.2012

Introduction

"[A] currency works as a constant, if latent, reminder of identity. In using it, one has the psychological experience of participating with others in a common venture, and thus developing a sense of trust in both the endeavor and one’s fellow-participants."
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