Money Matters
Anna Schwarz, coauthor with Milton Friedman of the book
A Monetary History of the United States, 1867-1960,
explains why the amount of money in an economy is
important:
www.econlib.org/library/Enc/MoneySupply.html
The Federal Reserve Bank of New York has a series of
educational essays called "fedpoints." This one explains how
money is measured:
www.newyorkfed.org/aboutthefed/fedpoint/fed49.html
The History of Economic Thought Website at The New
School for Social Research is an impressive web resource in
economics, but usually too advanced or technical for an
introductory class, and that is why it is rarely cited in
these Alternatives and Supplements. Here is there profile of
Irving Fisher, one of the more influential admirers of the
equation of exchange:
cepa.newschool.edu/het/profiles/fisher.htm
Allan Meltzer, one of the leading monetarist economists
in the second half of the twentieth century, explains
monetarism, the modern incornation of the Quantity Theory of
Money in this entry in The Concise Encyclopedia of
Economics:
www.econlib.org/library/Enc/Monetarism.html
I had a hard time finding something to put here, but
maybe this article explains why I had trouble. It is a bit
technical for a beginner.
www.auburn.edu/~garriro/hoasad.htm
Cigarettes served as money in the POW camps of WWII. R.
A. Radford explained how this money functioned in one of the
truly classic articles of economics:
www.albany.edu/~mirer/eco110/pow.html
When smoking was banned in federal prisons, the cigarette currency was replaced with the "mack." The Wall Street Journal explains:
online.wsj.com/article/SB122290720439096481.html
This article from The Concise Encyclopedia of
Economics explains the gold standard in more detail than
does CyberEconomics:
www.econlib.org/library/Enc/GoldStandard.html
These links were checked on July 5, 2008.
  
Copyright
Robert Schenk
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