The History of Money for Understanding Economics
Money is the key to learning economics. If the monetary system is well understood, it will clarify seemingly impenetrable economic events. The History of Money for Understanding Economics is indeed the indispensable reference to decrypt economics, and it does so in an enthralling way, from antiquity to the present day, with readily accessible language. This book answers questions such as: How did money and banking appear? Why did gold coins vanish after circulating for centuries? What is inflation? What is the IMF?
The History of Money for Understanding Economics also explains new interpretations of history that have underscored how monetary changes have catalyzed events from the fall of the Roman Empire to World War II and beyond. Considering such past monetary influences, Lannoye challenges the reader with a monetary innovation to finance a green economy.
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antiquity assignats bank accounts bank loans bank run bankers banknotes bill of exchange bimetallic ratio black market Britain Central Banks circulation clients coin multiplication coinage Comhaire competition corporations countries crisis debasement debt deflation deposit accounts deposits devaluation dollar dollars-banknote England Europe eurozone exchange rates Federal Funds Rate France full-taxation economy gold and silver gold coins gold convertibility gold reserves Gold Standard grant loans green-currency green-products growth hyperinflation Illustration incomes increase Industrial Revolution inflation ingots interest rates intermediate-commodities investments Keynes Keynesian lack of coins merchants monetarist monetary creation monetary system moneychangers nineteenth century noble metals ofthe paper-florins payments political pounds sterling private banks production profit public deficit quantity required reserves rise Roman Empire salt bags scriptural money seigniorage sell service-notes silver and gold silver coins stability stashed stock exchange taxation tion token coins trade transactions Treasury bonds unemployment wages