A Primer on Money, Banking, and Gold (Peter L. Bernstein's Finance Classics)

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Edition: 1st
Format: Paperback
Pub. Date: 2008-09-02
Publisher(s): Wiley
List Price: $20.95

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Summary

One of the foremost financial writers of his generation, Peter Bernstein has the unique ability to synthesize intellectual history and economics with the theory and practice of investment management. Now, with these classic titles from a longer time horizon--including new introductions by the author and forewords by financial luminaries--readers will be able to enjoy some of the best Bernstein has to offer.First published in 1962, The Price of Prosperity remains relevant in today's uncertain economic times. Bernstein discusses the future of an economy during difficult times and how government could potentially influence the ultimate outcome. He speaks to the same arguments that exist today: How much government control is too much? How is government spending linked to my own pocket?Peter L. Bernstein (New York, NY) is the author of ten books, including the bestselling Against the Gods: The Remarkable Story of Risk (978-0-471-29563-1), Capital Ideas (978-0-471-73174-0), The Power of Gold: The History of an Obsession (978-0-471-00378-6), and Capital Ideas Evolving (978-0-471-73173-3), all from Wiley. He is also founder and President of Peter L. Bernstein, Inc., an investment consulting firm he established in 1973, which serves institutional investors and corporations around the world.

Author Biography

PETER L. BERNSTEIN is founder and President of Peter L. Bernstein, Inc., established in 1973 as publishers of Economics & Portfolio Strategy and consultants to institutional investors around the world. He is also the author of ten books, including three recent volumes from Wiley—Against the Gods: The Remarkable Story of Risk, The Power of Gold: The History of an Obsession, and Capital Ideas Evolving.

Table of Contents

Forewordp. ix
New Introductionp. xv
Original Introductionp. xxv
The Money Problem
Why Worry about Money and Gold?p. 3
Spending and Financingp. 8
The Price of Moneyp. 16
The Creation of Money
Money in Hand and Money in the Bankp. 29
The Business of Bankingp. 39
Bank Credit and Moneyp. 49
The Control of Money
The Federal Reserve Systemp. 69
Federal Reserve Tools of Controlp. 84
Reserve Requirementsp. 105
Currency: A Complicationp. 120
Gold
Gold at Homep. 133
Gold Abroadp. 142
Theory in Practice
The Experience of 1938 to 1945p. 163
The Experience of 1945 to 1963p. 176
The Experience of 1966p. 188
Conclusion: Money and Gold in the Futurep. 203
Reading the Weekly Federal Reserve Statementp. 215
Bibliographyp. 227
Acknowledgmentsp. 231
Indexp. 233
Table of Contents provided by Ingram. All Rights Reserved.

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