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 speed up the economy (and finance a green economy).
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The History of Money for Understanding Economics: (2nd edition)
Limited preview - 2015
antiquity assignats bank accounts bank run bankers banknotes bills of exchange bimetallic ratio black market Central Banks circulation coin multiplication coinage Comhaire competition corporations countries crisis debasement debt deflation deposit accounts deposits devaluation discount window dollars dollars-banknote economists euro Europe European exchange rates Fed's Federal Funds Rate France gold and silver gold coins gold convertibility gold reserves Gold Standard grant loans green-currency Green-Market System green-money green-products growth hyperinflation Illustration incomes increase inflation ingots interest rates intermediate-commodities investments Keynes Keynesian lack of coins merchants monetarist monetary creation monetary system moneychangers nineteenth century noble metals open market operations ounces paper-florins payments political pounds sterling private banks production profit public deficit required reserves salt bags scriptural money seigniorage sell silver and gold silver coins spending stability stashed stock exchange taxation tion token coins trade transactions Treasury bonds unemployment wages