The Mechanism of Exchange (Classic Reprint): A Handbook of Currency, Banking Trade in Peace and in War: A Handbook of Currency, Banking Trade in Peace and in War (Classic Reprint) - Softcover

Inhaltsangabe

This book, written by an economics professor of the early 20th century, explores the role of money and how its increasing prominence led to the complexities of modern exchange. It begins with a brief history of exchange, showing how it evolved from barter to the use of money. The author then examines the various forms of money, from coins to paper money and credit, and discusses their advantages and disadvantages. The book also covers the quantity theory of money, the gold standard, and the role of banks in the monetary system. The author concludes by examining the effects of war on the monetary system during World War 1, and speculating on how the exchange mechanism may evolve in the future. Overall, this book provides a comprehensive overview of the history, theory, and practice of money and exchange.

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