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The big problem of small change /
The Big Problem of Small Change offers the first credible and analytically sound explanation of how a problem that dogged monetary authorities for hundreds of years was finally solved. Two leading economists, Thomas Sargent and François Velde, examine the evolution of Western European economies thr...
| Clasificación: | Libro Electrónico |
|---|---|
| Autores principales: | , |
| Formato: | Electrónico eBook |
| Idioma: | Inglés |
| Publicado: |
Princeton, New Jersey ; Oxfordshire, England :
Princeton University Press,
2001.
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| Colección: | Princeton economic history of the Western world.
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| Temas: | |
| Acceso en línea: | Texto completo |
MARC
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| 100 | 1 | |a Sargent, Thomas J., |e author. | |
| 245 | 1 | 4 | |a The big problem of small change / |c Thomas J. Sargent, François R. Velde. |
| 264 | 1 | |a Princeton, New Jersey ; |a Oxfordshire, England : |b Princeton University Press, |c 2001. | |
| 264 | 4 | |c ©2001 | |
| 300 | |a 1 online resource (428 pages) : |b illustrations, tables | ||
| 336 | |a text |b txt |2 rdacontent | ||
| 337 | |a computer |b c |2 rdamedia | ||
| 338 | |a online resource |b cr |2 rdacarrier | ||
| 490 | 1 | |a Princeton Economic History of the Western World | |
| 504 | |a Includes bibliographical references and indexes. | ||
| 588 | 0 | |a Print version record. | |
| 505 | 0 | |a Cover; Title; Copyright; Dedication; Contents; List of Illustrations; List of Tables; Preface; Acknowledgments; Part I: A Problem and Its Cure; 1. Introduction; Paper and gold; The enduring problem of small change; A model; Supply side: the mint; Demand side: the coin owner; Shortages; Price level determination; Remedies; A history; Structure of subsequent chapters; 2. A Theory; Valuation by weight or tale; A basic one-denomination theory; Multiple denominations; Supply; Demand; Interactions of supply and demand; Economics of interval alignments; Perverse dynamics. | |
| 505 | 8 | |a Spontaneous debasements: invasions of foreign coinsCosts and Temptations; Opportunity cost; An open market operation from Castile; An open market operation for the standard formula; Transparency of opportunity cost; Trusting the government with bi = 0; 3. Our Philosophy of History; History and theory; Clues identified by our model; Cures; Our history; Part II: Ideas and Technologies; 4. Technology; Small coins in the Middle Ages; The purchasing power of a small coin; The medieval technology: hammer and pile; Production costs and seigniorage; Mechanization; The screw press; The cylinder press. | |
| 505 | 8 | |a Other inventionsThe steam engine; Counterfeiting, duplicating, imitating; Technologies and ideas; 5. Medieval Ideas about Coins and Money; Medieval jurists as advocates of Arrow-Debreu; Romanists and Canonists; Construction of the medieval common doctrine; Sources and methods of the romanists; Money in a legal doctrine of loans; Tests in a one-coin environment; Multiple currencies and denominations; Multiple denominations; Multiple metals; Fluctuating exchange rates: the stationary case; Multiple units of accounts; Demonetization; Overdue payments and extrinsic value; Trends in exchange rates. | |
| 505 | 8 | |a Debasements and currency reformsA question from public law: setting seigniorage rates; Sources of the canonists; Debasements and seigniorage rates; Qualifications, exceptions, and discoveries; Early statement of double coincidence; Romanists repair the breach; Canonists versus romanists on seigniorage; Another breach; Philosophers help; The cracks widen: debasements and deficit financing; Concluding remarks; 6. Monetary Theory in the Renaissance; Precursors of Adam Smith; Debt repayment, legal tender, and nominalism; Dumoulin the revolutionary; Dumoulin's impact; Dumoulin the conservative. | |
| 505 | 8 | |a Fiat moneyFiat money in theory: Butigella; Double coincidence of wants revisited; Other formulations; Fiat money in practice; The conditions for valued fiat money; Restrictions on fiat money; Limited legal tender; Quantity theory; Lessons from the Castilian experience: fiat money; In Spain: Juan de Mariana (1609); Forecasting inflation; In France: Henri Poullain (1612); Concluding remarks; Part III: Endemic Shortages and "Natural Experiments"; 7. Clues; Shortages of small change and bullion famine; Shortages and invasions of coins; Ghost monies and units of account; Free minting; The evidence. | |
| 520 | |a The Big Problem of Small Change offers the first credible and analytically sound explanation of how a problem that dogged monetary authorities for hundreds of years was finally solved. Two leading economists, Thomas Sargent and François Velde, examine the evolution of Western European economies through the lens of one of the classic problems of monetary history--the recurring scarcity and depreciation of small change. Through penetrating and clearly worded analysis, they tell the story of how monetary technologies, doctrines, and practices evolved from 1300 to 1850; of how the ""sta. | ||
| 590 | |a ProQuest Ebook Central |b Ebook Central Academic Complete | ||
| 650 | 0 | |a Money |z Europe |x History. | |
| 650 | 0 | |a Coins |z Europe |x History. | |
| 650 | 0 | |a Mints |z Europe |x History. | |
| 650 | 6 | |a Monnaies |z Europe |x Histoire. | |
| 650 | 7 | |a Coins |2 fast | |
| 650 | 7 | |a Mints |2 fast | |
| 650 | 7 | |a Money |2 fast | |
| 651 | 7 | |a Europe |2 fast |1 https://id.oclc.org/worldcat/entity/E39PBJxCxPbbk4CPJDQJb4r6rq | |
| 655 | 7 | |a History |2 fast | |
| 700 | 1 | |a Velde, François R., |e author. | |
| 758 | |i has work: |a The big problem of small change (Text) |1 https://id.oclc.org/worldcat/entity/E39PCFHdKTMwhJ7cXYfBY7Hvd3 |4 https://id.oclc.org/worldcat/ontology/hasWork | ||
| 776 | 0 | 8 | |i Print version: |a Sargent, Thomas J. |t Big problem of small change. |d Princeton, New Jersey ; Oxfordshire, England : Princeton University Press, ©2001 |h xxi, 405 pages |k Princeton economic history of the Western world. |z 9780691116358 |
| 830 | 0 | |a Princeton economic history of the Western world. | |
| 856 | 4 | 0 | |u https://ebookcentral.uam.elogim.com/lib/uam-ebooks/detail.action?docID=1651876 |z Texto completo |
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