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A Primer on Money, Banking, and Gold (Peter L. Bernstein's Finance Classics) (Peter L. Bernstein's Finance Classics)
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 classic titles such as "Economist on Wall Street, A Primer on Money, Banking, and Gold, and The Price of Prosperity"--which have forewords by financial lum...more
Paperback, 192 pages
Published
September 2nd 2008
by Wiley
(first published November 30th 1964)
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Classic, accessible primer on money
Peter L. Bernstein’s classic, originally published in the mid-1960s, provides a learned, generally accessible explanation of the workings of the American monetary system. Of course, some of the information is quite out-of-date, but you’ll understand that as you read. For example, the author speaks extensively about the importance of gold in international finance – yet gold has not really mattered since 1971. Moreover, the book came out before histor...more
Peter L. Bernstein’s classic, originally published in the mid-1960s, provides a learned, generally accessible explanation of the workings of the American monetary system. Of course, some of the information is quite out-of-date, but you’ll understand that as you read. For example, the author speaks extensively about the importance of gold in international finance – yet gold has not really mattered since 1971. Moreover, the book came out before histor...more
Easy to follow primer on a topic people should understand better - how the economy actually works. This deceptively easy read concisely conveys a ton of information, but I assume it’s a much richer read if you have some familiarity with the topics covered. I frequently found myself referencing prior readings/reviewing concepts in my mind as I read through the work – but it probably works as a good intro. Its also full of historical curiosities that remind you how dynamic our monetary history ...more
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Fantastic book. Troublingly, I think I might finally understand what money is- an issue that has bothered me for most of my life. The troubling bit is that money doesn't really exist. It represents little more than an idea. That's a facile explanation, but it's more or less where the explanation begins. Next stop: Keynes and Bagehot!
The best book to understand how money works. Although written 50-60 years ago, it is the best I have read about money.
I am truly ignorant when it comes to banking.
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Founder and President of Peter L. Bernstein, Inc., which he established in 1973 as economic consultants to institutional investors and corporations around the world.
In 1951, after teaching economics at Williams College and a five-year stint in commercial banking, Peter became Chief Executive of a nationally–known investment counsel firm, where he personally managed billions of dollars ...more
More about Peter L. Bernstein...
In 1951, after teaching economics at Williams College and a five-year stint in commercial banking, Peter became Chief Executive of a nationally–known investment counsel firm, where he personally managed billions of dollars ...more
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