Money and Monetary Regimes - by George Macesich (Hardcover)

About the Book

Combining a rich mixture of technical economics, political repercussions, and even the psychology of symbols and beliefs, monetary problems are both fascinating and perplexing. Given the unprecedented fiat monetary regime currently emerging, past and present struggles for monetary supremacy provide valuable lessons. This book provides insight into monetary and political problems as they appear in past and ongoing struggles for monetary supremacy in the United States and elsewhere.

In effect, the issue is control over the stock of money. After examining such subjects as the failure of a common currency and the rise of barter economies, pricing in the currency of another country, specie standard monetary regimes with fixed exchange rates, currency boards, and common currency, the book considers the obstacles to the operation and survival of the current fiat monetary system. Arguing that member nation-states with competing and conflicting agendas pose the most serious obstacle, the book concludes with a consideration of cooperation theory.

Book Synopsis

Combining a rich mixture of technical economics, political repercussions, and even the psychology of symbols and beliefs, monetary problems are both fascinating and perplexing. Given the unprecedented fiat monetary regime currently emerging, past and present struggles for monetary supremacy provide valuable lessons. This book provides insight into monetary and political problems as they appear in past and ongoing struggles for monetary supremacy in the United States and elsewhere.

In effect, the issue is control over the stock of money. After examining such subjects as the failure of a common currency and the rise of barter economies, pricing in the currency of another country, specie standard monetary regimes with fixed exchange rates, currency boards, and common currency, the book considers the obstacles to the operation and survival of the current fiat monetary system. Arguing that member nation-states with competing and conflicting agendas pose the most serious obstacle, the book concludes with a consideration of cooperation theory.

Review Quotes

?[o]ffers insights into the monetary and political problems appearing in past and ongoing struggles for fiscal supremacy in the US and elsewhere.?-Business Horizons

?Studies past and ongoing struggles for monetary supremacy in the United States and elsewhere.?-Journal of Economic Literature

?What is the really interesting insight in the book? It is a technical point in monetary economics that probably would repay attention and would have substantial implications for historical analyses of monetary systems.?-EH.NET

"Ýo¨ffers insights into the monetary and political problems appearing in past and ongoing struggles for fiscal supremacy in the US and elsewhere."-Business Horizons

"[o]ffers insights into the monetary and political problems appearing in past and ongoing struggles for fiscal supremacy in the US and elsewhere."-Business Horizons

"Studies past and ongoing struggles for monetary supremacy in the United States and elsewhere."-Journal of Economic Literature

"What is the really interesting insight in the book? It is a technical point in monetary economics that probably would repay attention and would have substantial implications for historical analyses of monetary systems."-EH.NET

About the Author

GEORGE MACESICH is Professor of Economics at the Florida State University. He is the author of many books and articles, including, most recently, Political Economy of Money: Emerging Fiat Monetary Regimes (Praeger, 1999) and Issues in Money and Banking (Praeger, 2000).