A History of Money
Paperback: 800 pages
Publisher: University of Wales Press; New edition edition (July 15, 2016)
Language: English
ISBN-10: 1783163097
ISBN-13: 978-1783163090
Description :
A History of Money is exactly that—a look at how money, the
indispensable unit of our economy, developed through time. Starting with
the barter system, the authors describe how the basic function of
exchanging goods evolved into a monetary system based on coins made of
precious metals and how, from the 1500s onwards, financial systems were
established and currency became intertwined with commerce and trade,
finally settling by the mid-1800s into a stable system based on gold.
Rather than approaching money as a theory, the authors show how usage
developed pragmatically over time to suit the economic needs of society;
and they make a surprising yet compelling argument for the inherent
stability of the gold standard.
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