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The Lost Science of Money: The Mythology of Money, the Story of Power
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The Lost Science of Money: The Mythology of Money, the Story of Power

4.40  ·  Rating details ·  35 ratings  ·  8 reviews
Hardcover, 724 pages
Published June 9th 2004 by American Monetary Institute (first published December 2002)
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 ·  35 ratings  ·  8 reviews

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May 18, 2015 rated it liked it
Shelves: economics, history
This is a huge and curious book, according to the author originally published in Switzerland in German. The English version came out 13 years ago.

The point it tries to make is that money is a legal concept and should by law be issued by government as needed, not by banks in a fractional reserve system like we have in the United States.

In our system, the government must go into debt through the issue of bonds by way of the banking system in order to pay for services to the people, needlessly borr
Aug 29, 2016 rated it it was amazing
This could be considered a Bible of Monetary History. Def. marking to re-read again later, because you can't digest it from the first time. Like a fine wine it calls again. ...more
Frederik Vandelannoote
Jun 15, 2017 rated it really liked it
Shelves: economy
This book gives a great overview of financial history. The author has been greatly influenced by Alexander Del Mar. His view on money can be related to: 1) fiat money is not bad, nomista money is to be preferred over commodity money. 2) Money needs to be controlled/created by the state and not private banks. The book gives good examples of usury and its effects in practice, but the author fails to give an adequate solution to the problem. Overall i liked this book very much.
Nicholas Duffew
If you want to understand the current financial mess and how we got here, this is a really good book to start with. Traces the history of money from around 1,500 BC to present day. Answers the question 'what is money?' and makes you think about what money 'should be'. ...more
Dec 29, 2019 rated it it was amazing
I used to work for the author; I helped promote this book.
Feb 06, 2021 rated it really liked it
Exhaustively researched by a strongly independent thinker and finance professional who is not afraid to make normative recommendations on economic policy, but somehow manages to remain even-handed for almost a thousand pages. World history through the lens of money, with many historical details totally absent in other writers. Engages the philosophical and spiritual context to monetary history, and is fearless in its attacks on, variously, the ancient Persians, 16th century Amsterdam Rabbis, Oli ...more
May 01, 2011 rated it really liked it
A seminal and vital work for any serious economics student
Nov 21, 2009 rated it it was amazing
Great insights found in no other book.
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