Picture 1 of 1

Stock photo

Money Mischief: Episodes in Monetary History by Friedman, Milton [Paperback] - Picture 1 of 1

Money Mischief : Episodes in Monetary History by Milton Friedman (1994, Trade Paperback)

5.01 product rating

Booksxpress (9228)

95.9% positive feedback

Price:

US $18.40

ApproximatelyAU $28.60

+ $17.45 postage

Estimated delivery Tue, 16 Sep - Mon, 29 Sep

Returns:

30-day returns. Buyer pays for return postage. If you use an eBay postage label, it will be deducted from your refund amount.

Condition:

Brand new

Money Mischief: Episodes in Monetary History by Friedman, Milton [Paperback]

About this product

Product Identifiers

PublisherHarperCollins

ISBN-10015661930X

ISBN-139780156619301

eBay Product ID (ePID)7038270796

Product Key Features

Number of Pages304 Pages

Publication NameMoney Mischief : Episodes in Monetary History

LanguageEnglish

SubjectGeneral, Money & Monetary Policy

Publication Year1994

TypeNot Available

AuthorMilton Friedman

Subject AreaReference, Business & Economics

FormatTrade Paperback

Dimensions

Item Height0.9 in

Item Weight9.3 Oz

Item Length8.1 in

Item Width5.3 in

Additional Product Features

LCCN94-158555

Dewey Edition20

ReviewsFrom the Micronesian Yap islands' 12-foot stone "coins" to today's paper currencies backed only by fiat, Nobel-laureate economist Friedman ( Free to Choose ) here examines anomalies of world monetary history, including the effect of successive 19th-century gold ore discoveries and refining improvements on U.S. and British tender. He traces American currency's long, contentious gold-silver bimetalist saga, marked by the so-called Congressional coinage "crime of 1873" and ending with William Jennings Bryan's unsuccessful "Cross of Gold" presidential campaign in 1896. Friedman cites harsh lessons from postwar hyperinflation in many countries and declares that Roosevelt's 1933 silver-buying program may have skewed China's silver-based economy toward eventual communism. Uncontrolled money growth is the cause of inflation, the author stresses, and only monetary reform, despite undesirable side effects like unemployment, can cure it. Abstruse, theoretical and chiefly for the initiate, the book recycles parts of earlier works by Friedman, who himself suggests here that the general reader might wish to skip a particularly challenging chapter., In this latest work, Nobel Prize-winning economist Friedman examines the role of money backed by gold and silver and our current world of fiat backed by faith. After an initial restatement of the essence of his monetary views, Friedman examines the historical impact of bimetallism in the United States and elsewhere. He devotes the remainder of the book to the principles and problems of modern money unlinked to any commodity. Often iconoclastic yet always persuasive, whatever Friedman has to say about money should always be read. Highly recommended for college and university libraries. - Richard C. Schiming, Mankato State Univ., Minn.

Dewey Decimal332.4/6

Intended AudienceTrade

Synopsis"A lively, enlightening introduction to monetary history...from monetarism's most articulate apostle."-- Kirkus Reviews "The Oliver Stone of economics" (Chicago Tribune), Nobel Prize laureate Milton Friedman makes clear once and for all that no one, from the local corner merchant to the Wall Street banker to the president of the United States, is immune from monetary economics. In Money Mischief, Friedman discusses the creation of value: from stones to feathers to gold. He outlines the central role of monetary theory and shows how it can act to ignite or deepen inflation. Through colorful historical episodes, he demonstrates the mischief that can result from a misunderstanding of monetary economics -- how, for example, the work of two obscure Scottish chemists destroyed the presidential prospects of William Jennings Bryan and how Franklin D. Roosevelt's decision to appease a few senators from the American West helped communism triumph in China. And he explains, in plain English, what the present monetary system in the United States means for your paycheck and your savings as well as for the global economy., "A lively, enlightening introduction to monetary history...from monetarism's most articulate apostle."--Kirkus Reviews"The Oliver Stone of economics" (Chicago Tribune), Nobel Prize laureate Milton Friedman makes clear once and for all that no one, from the local corner merchant to the Wall Street banker to the president of the United States, is immune from monetary economics. In Money Mischief, Friedman discusses the creation of value: from stones to feathers to gold. He outlines the central role of monetary theory and shows how it can act to ignite or deepen inflation. Through colorful historical episodes, he demonstrates the mischief that can result from a misunderstanding of monetary economics -- how, for example, the work of two obscure Scottish chemists destroyed the presidential prospects of William Jennings Bryan and how Franklin D. Roosevelt's decision to appease a few senators from the American West helped communism triumph in China. And he explains, in plain English, what the present monetary system in the United States means for your paycheck and your savings as well as for the global economy., Friedman makes clear once and for all that no one is immune from monetary economics-that is, from the effects of its theory and its practices. He demonstrates through historical events the mischief that can result from misunderstanding the monetary system. Index., Nobel Prize laureate Milton Friedman presents "a lively, enlightening introduction to monetary history" (Kirkus Reviews)

LC Classification NumberHG230.3.F75 1994