Money Changes Everything. By William Goetzmann. Princeton University Press; 600 pages; $35 and

In his book “Money Changes Everything,” William Goetzmann explores the impact of money on society and human behavior. From the beginning of civilization, money has played a significant role in shaping our world and has been a driving force behind political and economic structures.

Goetzmann’s book delves into the fascinating history of money, tracing its evolution from bartering to coinage, paper money, and digital currency. He examines the economic theories that have shaped the way we think about money, such as Keynesian economics and the Chicago School of Economics. Goetzmann also explores the cultural significance of money, examining how it has been a symbol of power and status throughout history.

One of the most interesting aspects of Goetzmann’s book is his exploration of how money affects human behavior. He argues that money has a powerful psychological impact on us, affecting our decision-making and even our morality. For example, studies have shown that people who are reminded of money are more likely to act selfishly and less likely to help others.

Moreover, money has created significant disparities in wealth and income, leading to social and economic inequality. This inequality has become an increasingly pressing issue in recent years, as the gap between the wealthy and everyone else continues to grow.

Despite its many negative consequences, Goetzmann recognizes that money is also a force for good. It has enabled us to build incredible infrastructure and make impressive technological advancements. Moreover, it has been a driving force behind human progress, lifting billions of people out of poverty and improving their standard of living.

Overall, “Money Changes Everything” is a comprehensive exploration of the role money has played in shaping our world and society. It provides a deeper understanding of the economic and cultural significance of money and the various ways in which it affects our lives. For individuals interested in history, economics, and social issues, Goetzmann’s book is a must-read.