Understand how money moves and what drives prices in this revealing study.
Velocity of Money explains how the flow of cash, cheques, and deposits shapes prices and economic cycles. It blends theory with practical ways to measure how quickly money circulates, from pocket money to bank deposits, and shows why changes in spending, wages, and payments matter for inflation and growth.
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England of recent years the theory of money has become a matter of oral tradition. In the United States, on the other hand, there has been, during the last fifteen years, a flood of literature which contains works of the highest interest and importance, and which has carried the theory of money definitely beyond the point at which it was left by Jevons. To theE nglish student, of course, this literature is easily available, and he cannot do better than study the originals. These originals, however, are often so bulky or so technical as to discourage the general reader, and I have therefore attempted in this book to set forth the more important results of recent American work, without omitting those divisions of the subject which are better known toE nglish students. Taken together with Cash and Credit, already published in this series, which relates chiefly to the subjects of foreign exchanges and banking, I hope that this book will give the reader a fairly thorough acquaintance with the theory of money, and will encourage him to turn to original sources.
(Typographical errors above are due to OCR software and don't occur in the book.)
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Vendeur : Forgotten Books, London, Royaume-Uni
Paperback. Etat : New. Print on Demand. This book delves into the fascinating history and profound implications of money as the medium of exchange. Tracing its evolution from primitive barter systems to the complexities of modern banking and credit, the author explores the crucial role money plays in facilitating trade, specialization, and economic development. The book examines the various forms money has taken throughout history, from cattle and tobacco to precious metals, and analyzes the intrinsic qualities that have made some commodities more suitable as monetary standards than others. It also discusses the concepts of legal tender, Gresham's law, and the optimal level of cash reserves for banks. The author explores the relationship between money and price levels, arguing that excessive money supply can lead to inflation and economic instability. Ultimately, this book provides a comprehensive understanding of the nature and functions of money, shedding light on its historical significance and its continuing relevance in today's economy. 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. N° de réf. du vendeur 9781440040399_0
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Paperback. Etat : Brand New. 154 pages. 9.00x6.00x0.35 inches. This item is printed on demand. N° de réf. du vendeur zk1440040397
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Vendeur : PBShop.store UK, Fairford, GLOS, Royaume-Uni
PAP. Etat : New. New Book. Shipped from UK. Established seller since 2000. N° de réf. du vendeur LW-9781440040399
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