Five petrol hoses in different colours
(Featured image: Roman K/Flicker CC BY-ND 2.0)

The meaning of money

What money means in economic terms, and what it means to us, are two — or many more — different things

Imagine you have just spent £70 (€80, $95) on something, only to realize that what you have bought is going to be of no use, and that there is no way you can return it for a refund. It’s the kind of experience that would leave even a seasoned stoic a little…