Hardback
Commodity Monies
Until 1973 all money in use was either a commodity or was linked to one. In this comprehensive two volume reference work Anna J. Schwartz has brought together the key articles on the theme of commodity monies. This invaluable collection discusses the forms and standards of commodity monies, their theoretical underpinning and their inherent problems.
More Information
Contributors
Contents
More Information
Until 1973 all money in use was either a commodity or was linked to one. In this comprehensive two volume reference work Anna J. Schwartz has brought together the key articles on the theme of commodity monies. This invaluable collection discusses the forms and standards of commodity monies, their theoretical underpinning and their inherent problems.
Contributors
Contributors include: R.J. Barro, I. Fisher, M. Friedman, P.M. Garber, F.A. Hayek, E. Kann, W.G. Sumner
Contents
Volume I
Acknowledgements
Introduction
PART I: TYPES OF COMMODITY MONIES
1. William Graham Sumner (1906), ‘The Struggle for Existence.’
2. William Henry Furness (1915), ‘The Island of Stone Money.’
3. Debra Glassman and Angela Redish (1988), ‘Currency Depreciation in Early Modern England and France.’
4. Shepard Pond (1940), ‘The Ducat: Once an Important Coin in European Business’; (1940), ‘The Louis d''Or’; (1941), ‘The Spanish Dollar: The World''s Most Famous Silver Coin’; (1941), ‘The Maria Theresa Thaler: A Famous Trade Coin.’
5. E. Kann (1937), ‘The Currencies of China: Old and New.’
6. Herbert Heaton (1928), ‘The Playing Card Currency of French Canada.’
7. Howard H. Preston (1933), ‘The Wooden Money of Tenino.’
8. Peter R. Senn (1951), ‘Cigarettes as Currency’.
PART II: THEORY OF COMMODITY MONIES
9. Jürg Niehans (1978), ‘Commodity Money.’
10. Irving Fisher (1911), ‘Indirect Influences.’
11. John Stuart Mill (1848), ‘On the General Principles of Taxation.’
12. Nassau William Senior (1840), ‘On the Quantity and Value of Money.’
PART III: COMMODITY MONEY STANDARDS
13. Robert J. Barro (1979), ‘Money and the Price Level Under the Gold Standard.’
14. Anna J. Schwartz (1986), ‘Alternative Monetary Regimes: The Gold Standard.’
15. Stanley Fisher (1986), ‘Monetary Rules and Commodity Money Schemes Under Uncertainty.’
16. Roy W. Jastram (1981), ‘Silver in England Since the Thirteenth Century.’
17. Irving Fisher (1894), ‘The Mechanics of Bimetallism.’
18. Milton Friedman (1990), ’Bimetallism Revisited.’
19. Peter M. Garber (1986), ‘Nominal Contracts in a Bimetallic Standard.’
Name Index
Volume II
Acknowledgements
PART I: PROBLEMS WITH COMMODITY MONEY STANDARDS
1. Frank D. Graham (1940), ‘Archilles'' Heels in Monetary Standards.’
2. W. Stanley Jevons (1909), ‘Serious Fall in the Value of Gold and Its Social Effects Set Forth.’
3. W. Stanley Jevons (1909), ‘An Ideally Perfect System of Currency.’
4. Alfred Marshall (1925), ‘Remedies for Fluctuations of General Prices (1887).’
5. Irving Fisher (1913), ‘A Compensated Dollar: Summary and Appendix.’
6. Michael David Bordo (1981), ‘The Classical Gold Standard: Some Lessons for Today.’
7. Richard N. Cooper (1982), ‘The Gold Standard: Historical Facts and Future Prospects.’
PART II: COMMODITY-RESERVE CURRENCY SCHEMES
8. Benjamin Graham (1937), ‘Commodity-Backed Versus Other Currency.’
9. Frank D. Graham (1949), ‘Commodity Reserve Money.’
10. W.T.M. Beale, Jr., M.T. Kennedy and W.J. Winn (1942), ‘Commodity Reserve Currency: A Critique.’
11. Frank D. Graham (1943), ‘Commodity-Reserve Currency: A Criticism of the Critique.’
12. Benjamin Graham (1943), ‘The Critique of Commodity-Reserve Currency: A Point-by-Point Reply.’
13. F.A. Hayek (1943), ‘A Commodity Reserve Currency.’
14. Frank D. Graham (1944), ‘Keynes vs. Hayek on a Commodity Reserve Currency’ and ‘Note by Lord Keynes.’
15. Alex Rosenson (1948), ‘International Commodity Reserve Standard Reconsidered.’
16. Milton Friedman (1951), ‘Commodity-Reserve Currency.’
17. Albert Gailord Hart (1964), ‘Monetary Reform to Further Economic Development.’
18. Herbert G. Grubel (1965), ‘The Case Against an International Commodity Reserve Currency.’
19. Harry G. Johnson (1967), ‘The Commodity Reserve Currency Proposal.’
PART III: NON-RESERVE COMMODITY CURRENCY SCHEMES
20. Robert E. Hall (1982), ‘Explorations in the Gold Standard and Related Policies for Stabilizing the Dollar.’
21. Robert L. Greenfield and Leland B. Yeager (1983), ‘A Laissez-Faire Approach to Monetary Stability.’
22. Marvin Goodfriend (1988), ‘Policy Analysis Under a Gold Standard.’
Name Index
Acknowledgements
Introduction
PART I: TYPES OF COMMODITY MONIES
1. William Graham Sumner (1906), ‘The Struggle for Existence.’
2. William Henry Furness (1915), ‘The Island of Stone Money.’
3. Debra Glassman and Angela Redish (1988), ‘Currency Depreciation in Early Modern England and France.’
4. Shepard Pond (1940), ‘The Ducat: Once an Important Coin in European Business’; (1940), ‘The Louis d''Or’; (1941), ‘The Spanish Dollar: The World''s Most Famous Silver Coin’; (1941), ‘The Maria Theresa Thaler: A Famous Trade Coin.’
5. E. Kann (1937), ‘The Currencies of China: Old and New.’
6. Herbert Heaton (1928), ‘The Playing Card Currency of French Canada.’
7. Howard H. Preston (1933), ‘The Wooden Money of Tenino.’
8. Peter R. Senn (1951), ‘Cigarettes as Currency’.
PART II: THEORY OF COMMODITY MONIES
9. Jürg Niehans (1978), ‘Commodity Money.’
10. Irving Fisher (1911), ‘Indirect Influences.’
11. John Stuart Mill (1848), ‘On the General Principles of Taxation.’
12. Nassau William Senior (1840), ‘On the Quantity and Value of Money.’
PART III: COMMODITY MONEY STANDARDS
13. Robert J. Barro (1979), ‘Money and the Price Level Under the Gold Standard.’
14. Anna J. Schwartz (1986), ‘Alternative Monetary Regimes: The Gold Standard.’
15. Stanley Fisher (1986), ‘Monetary Rules and Commodity Money Schemes Under Uncertainty.’
16. Roy W. Jastram (1981), ‘Silver in England Since the Thirteenth Century.’
17. Irving Fisher (1894), ‘The Mechanics of Bimetallism.’
18. Milton Friedman (1990), ’Bimetallism Revisited.’
19. Peter M. Garber (1986), ‘Nominal Contracts in a Bimetallic Standard.’
Name Index
Volume II
Acknowledgements
PART I: PROBLEMS WITH COMMODITY MONEY STANDARDS
1. Frank D. Graham (1940), ‘Archilles'' Heels in Monetary Standards.’
2. W. Stanley Jevons (1909), ‘Serious Fall in the Value of Gold and Its Social Effects Set Forth.’
3. W. Stanley Jevons (1909), ‘An Ideally Perfect System of Currency.’
4. Alfred Marshall (1925), ‘Remedies for Fluctuations of General Prices (1887).’
5. Irving Fisher (1913), ‘A Compensated Dollar: Summary and Appendix.’
6. Michael David Bordo (1981), ‘The Classical Gold Standard: Some Lessons for Today.’
7. Richard N. Cooper (1982), ‘The Gold Standard: Historical Facts and Future Prospects.’
PART II: COMMODITY-RESERVE CURRENCY SCHEMES
8. Benjamin Graham (1937), ‘Commodity-Backed Versus Other Currency.’
9. Frank D. Graham (1949), ‘Commodity Reserve Money.’
10. W.T.M. Beale, Jr., M.T. Kennedy and W.J. Winn (1942), ‘Commodity Reserve Currency: A Critique.’
11. Frank D. Graham (1943), ‘Commodity-Reserve Currency: A Criticism of the Critique.’
12. Benjamin Graham (1943), ‘The Critique of Commodity-Reserve Currency: A Point-by-Point Reply.’
13. F.A. Hayek (1943), ‘A Commodity Reserve Currency.’
14. Frank D. Graham (1944), ‘Keynes vs. Hayek on a Commodity Reserve Currency’ and ‘Note by Lord Keynes.’
15. Alex Rosenson (1948), ‘International Commodity Reserve Standard Reconsidered.’
16. Milton Friedman (1951), ‘Commodity-Reserve Currency.’
17. Albert Gailord Hart (1964), ‘Monetary Reform to Further Economic Development.’
18. Herbert G. Grubel (1965), ‘The Case Against an International Commodity Reserve Currency.’
19. Harry G. Johnson (1967), ‘The Commodity Reserve Currency Proposal.’
PART III: NON-RESERVE COMMODITY CURRENCY SCHEMES
20. Robert E. Hall (1982), ‘Explorations in the Gold Standard and Related Policies for Stabilizing the Dollar.’
21. Robert L. Greenfield and Leland B. Yeager (1983), ‘A Laissez-Faire Approach to Monetary Stability.’
22. Marvin Goodfriend (1988), ‘Policy Analysis Under a Gold Standard.’
Name Index
