The History of Money for Understanding Economics

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Vincent Lannoye, May 19, 2023 - Business & Economics - 500 pages

Economics, cornerstone of politics

Examining politics demands understanding of economics, as the economy always influences and constrains governmental decision-making. And, money is the key to learning economics. If the monetary system is well understood, it will clarify seemingly impenetrable economic events.

The History of Money for Understanding Economics is an indispensable reference to decrypt economics, and it does so in an enthralling way, from antiquity to the present day, with readily accessible language. This book answers the following questions: How did money appear? What precisely is a bank? After circulating for centuries, why did gold coins vanish? Is there anything behind the value of paper banknotes? What is inflation? What is the IMF? Is the US trade deficit sustainable?

A monetary solution, rather than a political one

This book joins other groundbreaking interpretations of history that have underscored the influence of the management of money. It explains how monetary changes have precipitated events from the fall of the Roman Empire to World War II and beyond. Given the historical significance of monetary changes, could a monetary breakthrough shake up the exasperating inequalities? Indeed, Lannoye challenges the reader with a monetary innovation to finance a parallel (and green!) economy which could foster a more equitable distribution of wealth.

 

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The History of Money for Understanding Economics
Vincent Lannoye
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Common terms and phrases

19th century antiquity assets assignats bank accounts bank run bankers banknotes bills of exchange bimetallic ratio bitcoin black market carbon pricing Central Banks circulation coin multiplication coinage competition consumption corporations countries crisis cryptocurrencies debasement debt deflation demand deposit accounts deposits devaluation discount window dollars-banknote economists Empire Europe European exchange rates Fed’s Federal Funds Rate foreign currencies France gold and silver gold coins gold convertibility gold reserves Gold Standard grant loans gray-cents green green-account green-market green-products hyperinflation income increase inflation ingots interest rates intermediate-commodities investments Keynes Keynesian merchants monetarist monetary creation monetary system moneychangers open market operations payments pounds sterling private banks production profit public deficit purchase required reserves Roman salt bags scriptural money seigniorage selling silver and gold silver coins silver or gold spending stashed stock exchange subsidies tax-free taxation token coins trade transactions Treasury bonds unemployment wages

About the author (2023)

Vincent Lannoye was born in the US and grew up in Belgium in an industrial family, which sparked his curiosity to analyze and critique economics and politics. An engineer with a MBA from Edhec France, today he works in high-tech in Silicon Valley. His past, his passion for history, the lack of works explaining money and banks, and his monetary ideas, all have inspired him to write about economics.

Bibliographic information

QR code for The History of Money for Understanding Economics
TitleThe History of Money for Understanding Economics
AuthorVincent Lannoye
PublisherVincent Lannoye, 2023
ISBN1507845901, 9781507845905
Length500 pages
Subjects ›  › 

Business & Economics / Banks & Banking
Business & Economics / Economic History
Business & Economics / Economics / Macroeconomics
Business & Economics / Money & Monetary Policy
History / General
History / World
  
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