THE THEORY OF FINANCE: A NOVEL FINANCE MODEL BEING FORMED ON THE INTERNET
LOMONOSOV MOSCOW STATE UNIVERSITY, ECONOMICS FACULTY
Abstract. The present paper argues that the present Internet conditions favour an entirely new finance model. Understood to soon supplement the existing ones (classical finance, corporate finance, and Islamic finance), it is argued that the new model will be defined by the destructive effect it is to have on the contemporary financial infrastructure of most countries, and the advent of the ‘future money value exceeds its present one’ principle.