Description
The papers in this edited volume discuss key elements of monetarism, including coin denominations, the role of bullion and case studies of substitute moneys. The papers in this edited volume discuss key historical elements of 'monetarism', including coins and moneys of account, the role of bullion and case studies of substitute moneys. The debasement of coinage is fundamental to any study of this kind and is explored within ancient, medieval and early modern contexts across Europe, Asia and the Americas. This comparative approach demonstrates that an understanding of money is fundamental for an understanding of economics and economic history. Review: 'John Munro is the ultimate authority for economists worried about the debasement puzzle, or how to compare prices from Roman times to the present or across the world from India to Mexico. Here he presents authorities who cover a wide range of early solutions to the big problem of small change. ' Larry Neal, University of Illinois at Urbana-Champaign 'This book can be thoroughly recommended to anybody interested in the subject.' -- Martin Allen EH.net
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