Synopsis
Explore how money shapes markets, prices, and everyday trade.
This clear, accessible study explains what money is, how the monetary system works, and why changes to money affect everyone from wage earners to business leaders.
This edition presents key ideas in straightforward terms, drawing on historical context and practical implications. It covers the core functions of money, the organization of the monetary system, and the role of paper money and the gold standard in modern economies. You’ll gain a solid grounding in how monetary policy, confidence in currency, and the balance between different forms of money influence prices, production, and international trade.- What money does: medium of exchange, a unit for loans, and a standard for measuring values.
- How the monetary system is organized, including coins, notes, and the role of gold as a reference standard.
- Different forms of paper money, the idea of representative money, and the issue of credit money.
- Historical and practical arguments for and against the gold standard, with implications for prices and business cycles.
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Money and the Monetary System Classic Reprint
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Money and the Monetary System Classic Reprint
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HRD. Condition: New. New Book. Shipped from UK. Established seller since 2000. Seller Inventory # LX-9780484705721
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