{"product_id":"bimetallism-an-economic-and-historical-analysis-studies-in-macroeconomic-history-0521028930","title":"Bimetallism: An Economic and Historical Analysis (Studies in Macroeconomic History)","description":"\u003cp\u003e\u003cstrong\u003eISBN:\u003c\/strong\u003e 0521028930\u003c\/p\u003e\u003cp\u003e\u003cstrong\u003eAuthor:\u003c\/strong\u003e Redish, Angela\u003c\/p\u003e\u003cp\u003e\u003cstrong\u003eCondition:\u003c\/strong\u003e New\u003c\/p\u003e\u003cp\u003eThis book presents a history of Western monetary systems and explains why the system was preferred to a gold standard before 1800. Professor Redish argues that the technological ability to issue fiduciary monies, and a commitment mechanism to prevent opportunistic governments changing the ratio between the currency and a unit of gold, were (frequently overlooked) prerequisites for the emergence of the Classical gold standard. The simplicity of the gold standard, a monetary system where there is a fixed ratio between a weight of gold and a unit of currency, makes it an obvious focus for discussion of commodity money systems, and for contrasts with today's fiat money regimes.\u003c\/p\u003e","brand":"Mia Karts","offers":[{"title":"Default Title","offer_id":51943681458464,"sku":"NEW0521028930","price":44.38,"currency_code":"USD","in_stock":false}],"url":"https:\/\/miakarts.com\/products\/bimetallism-an-economic-and-historical-analysis-studies-in-macroeconomic-history-0521028930","provider":"Miakarts Books","version":"1.0","type":"link"}