The Logic of Money: An Essay on the Principles of Currency, and the Theory of Bimetallism (Classic Reprint) - Hardcover

Thomas Woodhouse Levin

 
9780484435314: The Logic of Money: An Essay on the Principles of Currency, and the Theory of Bimetallism (Classic Reprint)

Synopsis

Discover how money, gold, and silver move markets—and what that means for prices and trade.

This work explains how the purchasing power of gold and silver interacts with other commodities, and how their relative values affect the price of goods. It discusses the difference between internal mint ratios and open market rates, and what happens when those rates diverge in a global economy.

  • Understand how fluctuations in the value of gold and silver influence prices and purchasing power.
  • Learn how mint ratios versus market ratios shape everyday transactions and profit.
  • Explore arguments around bimetallism, single versus double standard systems, and the idea of an international fixed ratio.
  • See how these monetary concepts could impact international trade and national banking.
Ideal for readers of monetary history, economic theory, and discussions on how currency design affects commerce.

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