Items related to Bimetallism Explained (Classic Reprint)
Synopsis
Understand how money works when gold and silver share the stage. This book explains why a two‑metal system can offer more stable prices and fairer trade.
William Thomas Rothwell presents a clear view of bimetallism, contrasting it with monometallic money. It examines how the value of money relates to demand, production, and the choices nations make about currency. The work emphasizes practical implications for policy, trade, and everyday finance.
- How two metals acting as money can reduce price fluctuations
- The roles of demand, supply, and currency legislation in setting value
- Why “open mints” and flexible coinage affect inflation and trade
- Arguments for a two‑metal money as a fairer, more stable system
Ideal for readers of economic policy and monetary history who want a grounded, accessible explanation of bimetallism and its potential effects on everyday prices and international trade.
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Bimetallism Explained (Classic Reprint)
Print on DemandSeller: Forgotten Books, London, United Kingdom
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Paperback. Condition: New. Print on Demand. This book explores the concept of bimetallism, a monetary system that uses two metals (usually gold and silver) as legal tender. The author argues that a fixed ratio between the two metals can be maintained, despite varying supply and demand, because of the close relationship between the monetary use of the metals and their use in the arts and crafts. By examining the historical use of bimetallism, the author demonstrates how the monetary use of gold and silver has a significant influence on their other uses, creating a natural equilibrium that supports a fixed ratio. The book provides a comprehensive analysis of the factors that determine the value of gold and silver, challenging the traditional view that cost of production is the primary determinant. Instead, the author argues that demand, particularly the demand for money, plays a more significant role in determining the relative values of the two metals. This fresh perspective on the monetary system offers valuable insights for economists, policymakers, and anyone interested in the history and theory of money. This book is a reproduction of an important historical work, digitally reconstructed using state-of-the-art technology to preserve the original format. In rare cases, an imperfection in the original, such as a blemish or missing page, may be replicated in the book. print-on-demand item. Seller Inventory # 9781330705728_0
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Bimetallism Explained Classic Reprint
Seller: PBShop.store US, Wood Dale, IL, U.S.A.
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PAP. Condition: New. New Book. Shipped from UK. Established seller since 2000. Seller Inventory # LW-9781330705728
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Bimetallism Explained Classic Reprint
Seller: PBShop.store UK, Fairford, GLOS, United Kingdom
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PAP. Condition: New. New Book. Shipped from UK. Established seller since 2000. Seller Inventory # LW-9781330705728
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Quantity: 15 available