Money is nothing more than what is commonly exchanged for goods or services, so why has understanding it become so complicated? Money presents a compelling and accessible account of a topic that affects us all. It tells the fascinating story of money, the key factors that shaped its development, and the lessons that can be learned from its history. It describes the creation and evolution of monetary systems and explains how finance, credit, and banks work in the global economy. This book also shows that, when it comes to money, nothing is truly new―least of all inflation and fraud.
Praise for Money
"Money remains the best introduction to the subject available. It is a classic in the history of Money and finance."
― Steven Pressman, editor of The Legacy of John Kenneth Galbraith
"Money is a book of perennial importance. Galbraith demonstrates a prescient insight and keen alertness to financial volatility and rising inequality."
― Richard Parker, Harvard Kennedy School