{"product_id":"2940151631136","title":"Money and the Mechanism of Exchange (Illustrated)","description":"The book has an active table of contents for easy access to each chapter as the follows:\u003cbr\u003e1. Preface\u003cbr\u003e2. Chapter I: Barter\u003cbr\u003e3. Chapter II: Exchange\u003cbr\u003e4. Chapter III: The Functions of Money\u003cbr\u003e5. Chapter IV: Early History of Money\u003cbr\u003e6. Chapter V: Qualities of the Material of Money\u003cbr\u003e7. Chapter VI: The Metals As Money\u003cbr\u003e8. Chapter VII: Coins\u003cbr\u003e9. Chapter VIII: The Principles of Circulation\u003cbr\u003e10. Chapter IX: Systems of Metallic Money\u003cbr\u003e11. Chapter X: The English System of Metallic Currency\u003cbr\u003e12. Chapter XI: Fractional Currency\u003cbr\u003e13. Chapter XII: The Battle of the Standards\u003cbr\u003e14. Chapter XIII: Technical Matters Relating to Coinage\u003cbr\u003e15. Chapter XIV: International Money\u003cbr\u003e16. Chapter XV: The Mechanism of Exchange\u003cbr\u003e17. Chapter XVI: Representative Money\u003cbr\u003e18. Chapter XVII: The Nature and Varieties of Promissory Notes\u003cbr\u003e19. Chapter XVIII: Methods of Regulating a Paper Currency\u003cbr\u003e20. Chapter XIX: Credit Documents\u003cbr\u003e21. Chapter XX: Book Credit and the Banking System\u003cbr\u003e22. Chapter XXI: The Clearing-house System\u003cbr\u003e23. Chapter XXII: The Cheque Bank\u003cbr\u003e24. Chapter XXIII: Foreign Bills of Exchange\u003cbr\u003e25. Chapter XXIV: The Bank of England and the Money Market\u003cbr\u003e26. Chapter XXV: A Tabular Standard of Value\u003cbr\u003e27. Chapter XXVI: The Quantity of Money Needed By a Nation\u003cbr\u003e28. Conclusion.\u003cbr\u003e\u003cbr\u003eWilliam Stanley Jevons was an English economist and logician in the row with the greatest thinkers Bertrand Russell, Gottlob Frege, Karl Popper, John Stuart Mill, Irving Fisher, Carl Menger, and Alfred Marshall.  Their thoughts had strong influence on the investment style of George Soros and his endeavor of Open Society Foundations. \u003cbr\u003e\u003cbr\u003eWilliam Jevons’ important contribution to monetary and financial theory of economics is his book Money and the Mechanism of Exchange in 1875. In this book he argued, explained, and answered essential elements of a modern monetary system in a popular and descriptive style. Milton Friedman praised Jevons’ contrition to the modern economics as important as Adam Smith, David Ricardo, and Alfred Marshall.\u003cbr\u003e\u003cbr\u003eIrving Fisher also praised Jevons’ book A General Mathematical Theory of Political Economy in 1862 as the start of the mathematical method in economics. \u003cbr\u003e\u003cbr\u003eWilliam Jevons' work of the utility theory along with similar discoveries made by Carl Menger in 1871 marked the opening of a new period in the history of economic thought. \u003cbr\u003e\u003cbr\u003eWilliam Jevons’ work Money and the Mechanism of Exchange in 1875 called out the important concept of international money that set up the foundational work for John Keynes’ work and US to establish IMF and the World Bank.  \u003cbr\u003e\u003cbr\u003eWilliam Jevon’s also invented the logic piano and a mechanical computer that was a pioneer work for modern computer.\u003cbr\u003e\u003cbr\u003eWilliam Jevons also proposed the unique approach and framework of \"Commercial Crises and Sun-Spots\" to analyze business cycles that crises in the economy might not be random events, but might be based on discernible prior causes. \u003cbr\u003e\u003cbr\u003eThe influence of Money and the Mechanism of Exchange in 1875 has been felt today especially when currency war is a popular headline across the major nations since 2008 great financial crisis.  \u003cbr\u003eThe reasoning by William Jevons still remains as relevant today as it was then. This book is one of the most important ones about the deepest thoughts of monetary and financial subjects and basic elements of a currency war by William Jevons, one of the greatest thinkers of modern economics and logic on the planet.","brand":"www.WealthOfNation.com","offers":[{"title":"Default Title","offer_id":47069247766768,"sku":"2940151631136","price":1.19,"currency_code":"USD","in_stock":true}],"thumbnail_url":"\/\/cdn.shopify.com\/s\/files\/1\/0737\/7593\/9824\/files\/2940151631136_p0.jpg?v=1764013023","url":"https:\/\/shop-qa.barnesandnoble.com\/products\/2940151631136","provider":"Barnes \u0026 Noble (DEV)","version":"1.0","type":"link"}