The History of Money for Understanding EconomicsMoney 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 speed up the economy (and finance a green economy). |
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19th century assets assignats bank accounts bank run banknotes bills of exchange bimetallic ratio bitcoin black market carbon footprint Central Banks circulation coinage commodities competition consumers consumption corporations countries crisis cryptocurrencies debasement debt deflation demand deposits despite devaluation discount discount window dollars dollars-banknote economic economists Europe European exchange rates Fed’s Federal Funds Rate foreign currencies France gold and silver gold coins gold convertibility gold reserves Gold Standard gray-cents green green-account green-market green-products growth hyperinflation income increase inflation inflationary interest rates intermediate-commodities investments Keynes Keynesian merchants metals minting monetarist monetary creation monetary system money supply moneychangers multiplication open market operations payments political pounds sterling private banks production profits public deficit purchase required reserves Roman Empire savings scriptural money seigniorage sell silver and gold silver coins stability stock exchange tax-free taxation taxation-redistribution token coins trade transactions Treasury bonds unemployment wages