...many fascinating historical perspectives are contained in this highly readable history of money --The Financial Times
. . . a masterful examination . . . It s a helter-skelter ride through history, swooping and touching on civilization and how they did business, funded their treasuries and paid their servants including armies . . . --World Money Laundering Report
This work of monumental proportions is both well conceived and executed . . . Davies writes with a sparkling wit, and his prose is elegant and flowing. This book is a total success. Both undergraduate and graduate students can learn much from this excellent work, which will be useful to economists, political scientists, and even anthropologists --Choice
From the Author
History of money from the dawn of civilization onwards
Because of the difficulties of conducting experiments in the ordinary business of economic life, at the centre of which is money, it is most fortunate that history generously provides us with a proxy laboratory, a guidebook of more or less relevant alternatives. Around the next corner there may be lying in wait apparently quite novel monetary problems which in all probability bear a basic similarity to those that have already been tackled with varying degrees of success or failure in other times and places. Economists, and especially monetarists, tend to overestimate the purely economic, narrow and technical functions of money and have placed insufficient emphasis on its wider social, institutional and psychological aspects. There are therefore many advantages which can only be obtained by tracing monetary and financial history with a broad brush over the whole period of its long and convoluted development, where primitive and modern moneys have overlapped for centuries and where the logical and chronological progressions have rarely followed strictly parallel paths.
--This text refers to an out of print or unavailable edition of this title.