Elinor Solomon
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In Virtual Money, the first book-length account of the electronic money phenomenon, economist Elinor Harris Solomon takes us on a fascinating tour of money's brave new world, offering an informative look at the pluses and minuses of virtual money in its myriad forms. Solomon provides a wide ranging introduction to electronic monies, describing in down-to-earth terms how each system works. Equally important, the book offers a clear picture of the advantages and disadvantages of electronic money. Clearly there are great benefits to consumers, investors, and corporations, as goods and services competing in world markets can be purchased instantly from anywhere across the globe. Yet there are hazards as well. Moreover, we face increased risks of fraud, piracy, and invasion of privacy, as well as threats to national security. Virtual Money is an illuminating look at a very recent phenomenon, one that can only grow in importance. |
