Explore how money truly works and why its amount shapes prices, growth, and policy.
This concise study examines money as a numerical relation, not just coins or notes. It traces how the total money supply has related to population, interest, and economic cycles, offering a clear framework for understanding monetary change without relying on jargon or hype.
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Excerpt from The Science of Money
That, toward the close of the eighteenth century, the scarcity of money (at the customary levels of prices in each country) was marked by the use of clipped coins of ante revolutionary and of inconvertible notes of revolutionary date that this scarcity was intensified by the Spanish American revolutions of 1810 and the closure of the mines of Mexico and South America; and that these events gave rise to that great extension of convertible bank paper notes which marked the era of 1797-1821.
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Seller: Forgotten Books, London, United Kingdom
Paperback. Condition: New. Print on Demand. This book offers a unique and in-depth exploration of money, a subject often treated superficially in economic discourse. The author delves into the complex history of money, tracing its evolution from its earliest forms, including cattle and even slaves, to the sophisticated systems of coins and paper currencies used in the world today. The author meticulously examines the various types of money, from commodity-based systems to convertible and inconvertible paper currencies, exploring the legal and societal factors that shape their value and function. Through an analysis of historical examples, the book challenges conventional understanding of money, arguing that its value is not determined solely by the intrinsic worth of its material, but by its legal status, the volume in circulation, and the societal context in which it operates. The book's insights into the historical and social dynamics of money provide a crucial framework for understanding the economic forces that shape our world. This book is a reproduction of an important historical work, digitally reconstructed using state-of-the-art technology to preserve the original format. In rare cases, an imperfection in the original, such as a blemish or missing page, may be replicated in the book. print-on-demand item. Seller Inventory # 9781330082430_0
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PAP. Condition: New. New Book. Shipped from UK. Established seller since 2000. Seller Inventory # LW-9781330082430
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PAP. Condition: New. New Book. Shipped from UK. Established seller since 2000. Seller Inventory # LW-9781330082430
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Paperback. Condition: Brand New. 146 pages. 8.43x5.85x0.73 inches. In Stock. Seller Inventory # __1330082435
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Seller: Revaluation Books, Exeter, United Kingdom
Paperback. Condition: Brand New. 146 pages. 8.43x5.85x0.73 inches. This item is printed on demand. Seller Inventory # zk1330082435
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