D.DAY | What’s the Color of Money? The myth of economics

What’s the Color of Money? The myth of economics

15.11.2014 | Soho House Berlin

„Even the most sophisticated mathematical model is, de facto, a story, a parable, our effort to (rationally) grasp the world around us.“

Tomáš Sedláček

Economical models and forecasts fundamentally influence our understanding of reality. From the first shells and wooden coins to todays crypto currencies we built our trust in abstract values that define all social interactions of trade and services and determine the wealth of individuals, corporations and even nations. In Sedláček’s contemplations the invisible hand of the market is as real as the belief in god – and the extreme interpretations of both are as dangerous to the global community.

Why is gold associated with security, while Bit Coins are viewed as enablers for crime and chaos? Which stories and myths have led to our financial systems today and what opportunities lie in the digitization of currencies and payments?

With the global economic crises, we look to establish a better understanding of the mechanics of economy and flow of wealth. How can we trust in the powers to be, which have led to the unjust distribution of resources and which leave large parts of the world in despair?

How can new concepts of “sharing economy” supported trough digital platforms and crypto currencies change the balance of good and evil in economics?