World Commodities & World Currency - Softcover

Graham, Benjamin

Softcover

ISBN 10: 1578989965 ISBN 13: 9781578989966

Publisher: Martino Publishing, 2010

Synopsis

2010 Reprint of 1944 First Edition. In World Commodities and World Currency, Graham offers a global analysis of the systems that could reduce dangerous cycles of price instability in order to achieve stability in a postwar economy. Graham, in an astonishing display of foresight, shows how commodity reserves should play an important part in any economic policy. Throughout the book, Graham maintains that stabilization of commodities offers a comparatively simple technique by which the world could achieve the fourfold objective of foreign-exchange stability, reasonable price stability, protective stockpiles, and -- most importantly -- a balanced expansion of the world's output and consumption of useful goods. Readers today will discover that this landmark book has timely interest. In the aftermath of the Asian currencies collapse, and in the face of the organization of the European Common Union and the merging of European banks into a European Central Bank with one common currency, Graham's warnings about the dangers of a floating currency and his trenchant corrective prescriptions bear even greater relevance than ever.

About this title

About the Author

Benjamin Graham (1894-1976), the father of value investing, has been an inspiration for many of today's most successful businesspeople. He is also the author of Securities Analysis and The Interpretation of Financial Statements.

Edition details

• Publisher: Martino Publishing
• Publication date: 2010
• Language: English
• ISBN 10: 1578989965
• ISBN 13: 9781578989966
• Binding: Paperback
• Number of pages: 194