Currency Or The Fundamental Principles Of Monetary Science

Author : J. Laurence Laughlin
Publisher : Forgotten Books
ISBN 13 : 9781330081525
Total Pages : 618 pages
Book Rating : 4.0/5 (815 download)

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Download or read book The Principles of Money written by J. Laurence Laughlin and published by Forgotten Books. This book was released on 2015-06-15 with total page 618 pages. Available in PDF, EPUB and Kindle. Book excerpt: Excerpt from The Principles of Money In spite of the great literature of money, it has seemed to me possible, by a restatement of results already accepted and by a reorganization of the field, that we might be in a position to move forward to additional gains of a constructive character. Especially did this seem hopeful, if a separate and orderly exposition should be made of the principles of money quite independently of their countless historical applications. Although the earliest glimmerings of political economy came from the study of money, and although, as Mr. Jevons has well said, the literature of money is so extensive that no one man could ever have read it all, it is passing strange that there is to-day no treatise giving a scientific statement of all the principles of money. There is, it is true, mention here and there of nearly everything which one might wish to assemble in a treatise on monetary principles; but there has been little organic and constructive study. For instance, no such problem as bimetallism could be properly approached without first disposing of the laws regulating the value of money, that is, of the theory of prices; in fact, throughout much of recent writing the facts and the principles have been mixed in inextricable confusion. The central point in any study of monetary principles must be the theory of prices; and yet one of the best general treatises in English, Mr. Jevons's Money and Mechanism of Exchange, gives no attention to it. About the Publisher Forgotten Books publishes hundreds of thousands of rare and classic books. Find more at www.forgottenbooks.com This book is a reproduction of an important historical work. Forgotten Books uses state-of-the-art technology to digitally reconstruct the work, preserving the original format whilst repairing imperfections present in the aged copy. In rare cases, an imperfection in the original, such as a blemish or missing page, may be replicated in our edition. We do, however, repair the vast majority of imperfections successfully; any imperfections that remain are intentionally left to preserve the state of such historical works.