A Comprehensive Look at the Evolving Role of Money in Our Economy Steven Ricchiuto, Wall Street veteran and US economist, shares with you his expert knowledge about the diverse history and function of money in the US economy. Tracing the development of money from shells to today s fiat currency regime, Ricchiuto dissects the different models economists use to explain money s role in the economy and how it determines growth, inflation, and interest rates.
Moneynomics is the only book you need for understanding money s changing purpose in the economy. Inside is a detailed explanation of all aspects of money, including:
The various forms money has taken throughout history
Why gold has long been a favored form of money
The role money plays in the economy theoretically, in practice, and in policy
How you can use the lessons learned in the past to understand how we have gone from battling stagflation to trying to stave off deflation
Recognizing the shifting functions of money in the evolution of macroeconomic theory and the different forms of currency regimes
Using Ricchiuto's vast experience and acumen, you, too, can become an authority on the role of money in our world, and how it ultimately impacts your life and the overall economy.
Steven Ricchiuto has worked on Wall Street since 1980, as an economist, strategist, and director of fixed income research. He worked at several firms prior to joining Mizuho Securities USA LLC, including Donaldson, Lufkin, and Jenrette; Kidder Peabody; and Dean Witter. He also worked in the US securities arms of several European banks such as Barclays; ABN Amro; and Svenska Handelsbanken. He is currently the US economist at Mizuho Securities USA LLC. His latest two books are Disequilibrium: How the Great Inflation Caused the Great Recession and Symptomatic to Systemic: Understanding Postwar Cycles and Financial Debacles.