Publisher's Synopsis
Excerpt from The Theory of Money
It has been well said that in 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 the English 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 to English 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.
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