Bimetallism: An Economic and Historical Analysis (Studies in Macroeconomic History) - Hardcover

Redish, Angela

Hardcover

ISBN 10: 0521570913 ISBN 13: 9780521570916

Publisher: Cambridge University Press, 2000

Synopsis

This book presents a history of Western monetary systems and explains why the system was preferred to a gold standard before 1800. Professor Redish argues that the technological ability to issue fiduciary monies, and a commitment mechanism to prevent opportunistic governments changing the ratio between the currency and a unit of gold, were (frequently overlooked) prerequisites for the emergence of the Classical gold standard. The simplicity of the gold standard, a monetary system where there is a fixed ratio between a weight of gold and a unit of currency, makes it an obvious focus for discussion of commodity money systems, and for contrasts with today's fiat money regimes.

About this title

Review:

"Any historian of monetary standards needs not only to read Bimetallism: An Economic and Historical Analysis but also to keep a copy nearby...Redish has produced a wonderful book that any scholar of monetary standards will admire. All in all, my reaction to Bimetallism: An Economic and Historical Analysis is unqualified admiration." EH.Net

"Redish has produced a lovely and enlightening study of money systems from the medieval period to the present...The work is beautifully enriched by Redish's excellent integration of historical and economic analysis...A most commendable publication. Highly recommended for lower-division undergraduate through faculty collections." ls Choice

"The book provides an anlytical and descriptive history of the monetary standard...'The book attempts to straddle the gap between these two literatures, to allow for more complex monetary system than the economists' 'commodity money' and to find generalities that are buried in the historians' details'. Redish succeeds admirably in this goal." Lawrence H. Officer, Department of Economics, University of Illinois at Chicago

About this edition

• Publisher: Cambridge University Press
• Publication date: 2000
• ISBN 10: 0521570913
• ISBN 13: 9780521570916
• Binding: Hardcover
• Edition number: 1
• Number of pages: 290