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- Title
RECENT AMERICAN BOOKS ON MONEY.
- Authors
Fisher, Willard
- Abstract
This article focuses on some books on money, published in the U.S. In the book "The Natural Law of Money: The Successive Steps in the Growth of Money Traced From the Days of Barter to the Introduction of the Modern Clearing House, and Monetary Principles Examined in Their Relation to Past and Present Legislation," by William Brough, there is defense of gold monometallism. Brough's informing thoughts are two--that the gold standard has come to prevail in the most advanced communities through natural evolution, and that men ought not to interfere with the natural laws of society. Neither of these propositions is new, and neither nowadays will meet with a very wide acceptance. In another book "Labor as Money: A Story With a Purpose," by John O. Yeiser, makes another attempt at the apparently impossible feat of putting a thorough discussion of a difficult economic problem into the form of a readable story. The story is certainly a failure, and the discussion is in conclusive. It was very long ago that common, unskilled labor was first suggested as the most stable of values; but it will be a long time yet before it will be found practicable to displace all metallic money with labor certificates.
- Subjects
UNITED States; MONEY in literature; ECONOMIC reform; MONEY; LEGISLATIVE bills; MONETARY systems
- Publication
Quarterly Journal of Economics, 1896, Vol 10, Issue 3, p324
- ISSN
0033-5533
- Publication type
Article
- DOI
10.2307/1882588