Description - The History of Gold and Silver by Lawrence H White
Gold and silver have been the cornerstones of the world's economies and banking systems since they were first developed, and the metals have lost little of their allure even today. This fully reset edition collects material debating the setting up of Gold, Silver and Bimetal standards and the various systems devised and implemented. The debate over the setting up of the gold and silver standards was incessant and much of it centred around which system was best. The methods different governments used were also the subject of much debate. This new three-volume edition brings together material on the various debates and will show the profound influence these metals have had on economic thinking. The three volumes are arranged both chronologically and thematically. The first covers the problems of metallic coinage (clipping, debasement, Gresham's Law) and international bullion flows. The second covers the classical theory of the supply-and-demand determination of the value and quantity of metallic money, with particular application to the Californian and Australian gold discoveries of the mid-nineteenth century.
The third volume covers bimetallism and the relationship of the gold standard to banking and financial markets. * Completely reset texts in modern typeface * General introduction * Index to volumes 1-3
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