Money Mischief: Episodes in Monetary History

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More About This Book

Overview

Friedman makes clear once and for all that no one is immune from monetary economics-that is, from the effects of its theory and its practices. He demonstrates through historical events the mischief that can result from misunderstanding the monetary system. Index.

A Nobel Prize Laureate in Economics makes clear once and for all that no one is immune to the effects of monetary economics--both its theory and practices. He demonstrates through historical episodes the mischief that can result from misunderstanding the monetary system.

Editorial Reviews

Booknews
Nobel Prize-winner Friedman demonstrates through historical events the mischief that can result from misunderstanding the monetary system, and explains what the present monetary system in the US means for individual Americans as well as for the global economy. Annotation c. Book News, Inc., Portland, OR (booknews.com)

Product Details

  • ISBN-13: 9780156619301
  • Publisher: Houghton Mifflin Harcourt
  • Publication date: 3/28/1994
  • Edition description: Reprint
  • Edition number: 1
  • Pages: 304
  • Sales rank: 51,544
  • Series: Harvest Book Series
  • Product dimensions: 4.57 (w) x 8.66 (h) x 0.74 (d)

Table of Contents

Preface
Ch. 1 The Island of Stone Money 3
Ch. 2 The Mystery of Money 8
Ch. 3 The Crime of 1873 51
Ch. 4 A Counterfactual Exercise: Estimating the Effect of Continuing Bimetallism after 1873 80
Ch. 5 William Jennings Bryan and the Cyanide Process 104
Ch. 6 Bimetallism Revisited 126
Ch. 7 FDR, Silver, and China 157
Ch. 8 The Cause and Cure of Inflation 189
Ch. 9 Chile and Israel: Identical Policies, Opposite Outcomes 234
Ch. 10 Monetary Policy in a Fiat World 249
Ch. 11 An Epilogue 261
References 266

Customer Reviews

Average Rating 4
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Sort by: Showing all of 8 Customer Reviews

  • Anonymous

    Posted December 5, 2007

    A reviewer

    Milton Friedman is best known for his 2 monumental books: 'Capitalism and Freedom' and 'Free to Choose'. Money Mischief is less well known, but equally great. Friedman provides a fascinating and easy to understand explanation of what 'money' really is and how it works (or fails to work) in society. In addition to bills and coins, money can take the form of gold, cigarettes, or even large rocks. If this seems strange to you, read the book for a clear explanation. This book also provides the clearest explanation I have ever seen about the complex connection between money supply, growth, and inflation in an economy. Complete with fascinating real world case studies, I found Money Mischief impossible to put down.

    2 out of 2 people found this review helpful.

    Was this review helpful? Yes  NoThank you for your feedback.   Report this reviewThank you, this review has been flagged.

  • Anonymous

    Posted June 29, 2011

    It was not what i expected.

    I expected some insite to deal with the coming inflation and printing of the dollar.I expected something similar to a previous book "Free To Choose".

    0 out of 1 people found this review helpful.

    Was this review helpful? Yes  NoThank you for your feedback.   Report this reviewThank you, this review has been flagged.

  • Anonymous

    Posted July 30, 2011

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    Posted September 13, 2011

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    Posted July 8, 2011

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    Posted July 25, 2009

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  • Anonymous

    Posted September 12, 2009

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  • Anonymous

    Posted April 11, 2011

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