Money

John Kenneth Galbraith (1908-2006) was one of the most influential economists of the twentieth century. He was professor of economics at Harvard University and served as U.S. ambassador to India during the Kennedy administration. He wrote more than fifty books, including American Capitalism, The Affluent Society, and The New Industrial State (Princeton).

Foreword ix

James K. Galbraith

Acknowledgments xiii

1 Money 1

2 Of Coins and Treasure 8

3 Banks 21

4 The Bank 33

5 Of Paper 52

6 An Instrument of Revolution 67

7 The Money War 78

8 The Great Compromise 97

9 The Price 118

10 The Impeccable System 135

11 The Fall 156

12 The Ultimate Inflation 170

13 The Self-Inflicted Wounds 190

14 When the Money Stopped 211

15 The Threat of the Impossible 229

16 The Coming of J. M. Keynes 250

17 War and the Next Lesson 272

18 Good Years: The Preparation 293

19 The New Economics at High Noon 310

20 Where It Went 327

21 Afterword 348

Index 361