Tuesday, July 15, 2008

Article organization

I think the article could be made a little easier to read and evaluate if it were restructured. 18 main topics is a bit much. I might suggest the following reorganization based on the four characteristics? An explanation follows.
Historical and social context
Historical forms
Social evolution of money
Linkages between money and other social institutions
Modern forms
The future of money
Benchmark world currencies
Economic characteristics
Money as a medium of exchange
Desirable characteristics
Commodity based standards (e.g. gold)
Money defined by social contract (e.g. paper money)
Money as a unit of account
Desirable characteristics
Market value vs. book value
Present value vs. future value - time value of money
Money as a storage medium
Desirable characteristics
Hedging to preserve value
Impact of inflation and deflation
Physical decay and commodity backed currencies
Liquidity
Money should be anonymous (this is really a liquidity issue)
Managing the national money supply
Tracking the money supply (definition, statistics)
Credit - when is it money?
Private currencies
Economic impact
The historic and social context of money.
The eight sections History, Social evolution of money, and modern forms, future of money, Social and psychological value of money, Linkages between money and other social institutions, and benchmark currencies are really all about how money functions in a historical and social context.
Split as they are into sections top and bottom, the interconnections between these sections are hard to see. For example, overlaps and redundant information in Social and psychological value, Social evolution of money, Linkages between money and other social institutions.
Benchmark currencies are also part of the social and historic context. Some discussion about what makes a currency benchmark might be merited as well. The list is always in flux so principles will be more important than lists.
Economic characteristics of money.
The content of the Desirable characteristics section should be grouped under each of the four characteristics. They are already, but by putting them in a top level heading the conceptual link is harder to see
The section Money#Economic value of money is primarily about the value of different kinds of money as a medium of exchange.
Managing the national money supply.
The four sections Money supply, Credit, Money and economy, and Private currencies are all about how governments do or should control the supply of money within their economy and why. Their content should also be grouped into a single major section.
Credit is really part of a larger discussion of what should be counted in the money supply.
The theorists listed in Money and economy are concerned primarily with the economic effects of the money supply are focused on the money supply internal to the economy as well as what impacts it and how to control it in a way beneficial to the economy.
Money#Private currencies discusses nations granting rights to print money - this also is driven by a country's money supply management policy
I think this is getting too technical here when talking about the money supply. A lot of these ideas can be expanded in money supply or central bank, and probably should. Leigao84 16:49, 9 May 2007 (UTC)

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