FUTURE RESEARCHERS AND ECONOMIC EXPERTS WITH A VIEW TO THE FUTURE
Prof. Dr. Dr. h.c. Lothar Abicht
How it all began
Money is a very special substance. It was created because people needed an alternative to the method of exchange goods for other goods, which has always been and stays a troublesome process. In the past, goods had to be brought to an exchange partner. This was no easy task, especially in a long-distance trade. In addition, there was another problem. The exchange partner
did not always need the products he received and had to exchange them again. That meant several intermediate stations and was even more costly than the transport of the goods over great distances…