Money: The Principles of Money and Their Exemplification in Outstanding Chapters of Monetary History

Money: The Principles of Money and Their Exemplification in Outstanding Chapters of Monetary History

Money: The Principles of Money and Their Exemplification in Outstanding Chapters of Monetary History

Money: The Principles of Money and Their Exemplification in Outstanding Chapters of Monetary History

Excerpt

This book developed out of several series of lectures on money and banking given before college classes by the author over a period of about thirty years.

The plan of the book is, first, to explain the fundamental principles of money and bank credit; second, to show how these principles have been exemplified in certain classical chapters in the world's monetary and banking history; and, third, to apply the principles in the light of these experiences to our present-day monetary and banking problems.

The historical chapters represent a "case" treatment. Instead of giving a comprehensive historical discussion of money and banking in which each topic would of necessity be limited to a very brief consideration, the book narrows the historical field covered to a few chapters of outstanding importance in the world's monetary and banking history and discusses these chapters much more fully than does the usual textbook.

This work will consist of two volumes: the present one, dealing chiefly with money, and a second one in process of preparation, dealing chiefly with banking and concluding with chapters on our present-day problems in which the monetary and banking aspects are considered in their intimate interrelationships.

In the preparation of this volume the author has received valuable aid from a large number of his colleagues and former students for which he is deeply grateful. The number is so large as to prevent a citation of their names. In this group, however, he would mention specifically Frank W. Fetter, Frank D. Graham, and Otto Nathan, each of whom gave him valuable criticisms on certain chapters, and Charles R. Whittlesey, who read the entire manuscript and whose suggestions were exceedingly helpful.

E. W. K.

PRINCETON, NEW JERSEY

September, 1935 . . .

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