Money: A Study Of The Theory Of The Medium Of Exchange (1904)

Money: A Study Of The Theory Of The Medium Of Exchange is a book written by David Kinley and first published in 1904. The book provides a comprehensive analysis of the concept of money, its history, and its role in the economy. Kinley explores the various theories of money, including the commodity theory, the credit theory, and the fiat theory, and examines their strengths and weaknesses.The book also delves into the functions of money, such as its use as a medium of exchange, a unit of account, and a store of value. Kinley discusses the importance of money in facilitating trade and commerce, and how it affects economic growth and stability.Furthermore, the book examines the evolution of money from barter to the modern monetary system, and the role of central banks in regulating the money supply. Kinley also explores the international aspects of money, including exchange rates, gold standards, and the balance of payments.Overall, Money: A Study Of The Theory Of The Medium Of Exchange is a seminal work in the field of economics that provides a comprehensive understanding of the nature and functions of money. It is a must-read for anyone interested in the history and theory of money, as well as its impact on the economy.This scarce antiquarian book is a facsimile reprint of the old original and may contain some imperfections such as library marks and notations. Because we believe this work is culturally important, we have made it available as part of our commitment for protecting, preserving, and promoting the world's literature in affordable, high quality, modern editions, that are true to their original work.