Money: Whence It Came, Where It Went

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Princeton University Press, Aug 29, 2017 - Business & Economics - 392 pages

Money is nothing more than what is commonly exchanged for goods or services, so why has understanding it become so complicated? In Money, renowned economist John Kenneth Galbraith cuts through the confusions surrounding the subject to present a compelling and accessible account of a topic that affects us all. He tells the fascinating story of money, the key factors that shaped its development, and the lessons that can be learned from its history. He describes the creation and evolution of monetary systems and explains how finance, credit, and banks work in the global economy. Galbraith also shows that, when it comes to money, nothing is truly new—least of all inflation and fraud.

 

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LibraryThing Review

User Review  - KromesTomes - LibraryThing

The short story: Government fiscal intervention helps capitalism more than a completely lassez-faire approach, which leads to obstacles to the free market such as large corporations and unions. Plus, Galbraith is a exceedingly witty writer. Read full review

Money, whence it came, where it went

User Review  - Not Available - Book Verdict

The inimitable Galbraith here offers a history of money and inflation, which LJ's reviewer dubbed "lively." This edition has been updated with a new closing chapter and afterword. This remains "highly recommended" (LJ 9/1/75). Read full review

Contents

CHAPTER 1 Money
1
CHAPTER 2 Of Coins and Treasure
8
CHAPTER 3 Banks
21
CHAPTER 4 The Bank
33
CHAPTER 5 Of Paper
52
CHAPTER 6 An Instrument of Revolution
67
CHAPTER 7 The Money War
78
CHAPTER 8 The Great Compromise
97
CHAPTER 13 The SelfInflicted Wounds
190
CHAPTER 14 When the Money Stopped
211
CHAPTER 15 The Threat of the Impossible
229
CHAPTER 16 The Coming of J M Keynes
250
CHAPTER 17 War and the Next Lesson
272
The Preparation
293
CHAPTER 19 The New Economics at High Noon
310
CHAPTER 20 Where It Went
327

CHAPTER 9 The Price
118
CHAPTER 10 The Impeccable System
135
CHAPTER 11 The Fall
156
CHAPTER 12 The Ultimate Inflation
170
CHAPTER 21 Afterword
348
Index
361
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About the author (2017)

John Kenneth Galbraith (1908–2006) was one of the most influential economists of the twentieth century. He was professor of economics at Harvard University and served as U.S. ambassador to India during the Kennedy administration. He wrote more than fifty books, including American Capitalism, The Affluent Society, and The New Industrial State (Princeton).

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