ISBN: 9781330705728 - bimetallism explained (classic reprint) (3 risultati)

PAP. Condizione: New. New Book. Shipped from UK. Established seller since 2000.

PAP. Condizione: New. New Book. Shipped from UK. Established seller since 2000.

Paperback. Condizione: New. Print on Demand. This book explores the concept of bimetallism, a monetary system that uses two metals (usually gold and silver) as legal tender. The author argues that a fixed ratio between the two metals can be maintained, despite varying supply and demand, because of the close relationship between the monetary use of the metals and their use in the arts and crafts. By examining the historical use of bimetallism, the author demonstrates how the monetary use of gold and silver has a significant influence on their other uses, creating a natural equilibrium that supports a fixed ratio. The book provides a comprehensive analysis of the factors that determine the value of gold and silver, challenging the traditional view that cost of production is the primary determinant. Instead, the author argues that demand, particularly the demand for money, plays a more significant role in determining the relative values of the two metals. This fresh perspective on the monetary system offers valuable insights for economists, policymakers, and anyone interested in the history and theory of money. This book is a reproduction of an important historical work, digitally reconstructed using state-of-the-art technology to preserve the original format. In rare cases, an imperfection in the original, such as a blemish or missing page, may be replicated in the book. print-on-demand item.…