Knowledge on the variation of the value of money is necessary for all the procedures that rely on the separation between ‘real’ and ‘nominal’ values – that is, virtually all economic accounting systems. This means that the most revered indicators of economic activity such as ‘inflation’ or ‘economic growth’ (GDP variation) are built on erroneous premises and lack any real and objective basis.
Simply speaking, this means that the building structure of modern economics is dependent on the possibility of knowing the value of money, or at the very least the patterns of variation of the value of money. The fact that neither goals were attained saps the related scientific basis. This work will end with a discussion of possible venues for a scientific approach to the science of money, side by side with the science of markets.