An Outline of Money

The first edition of this Outline by the Editor of The Economist became very popular in schools and colleges, and also with the general reader, as a simple and lucid introduction to monetary economics. This Revised Edition brings the subject matter completely up to date. The value of money, the trade cycle, the operations of the banks and the money market, the causes of booms and slumps, foreign exchanges, the gold standard, the balance of payments - all these subjects are clearly illuminated, in language that can be understood by those who have no previous knowledge of economics.