Economics of a Pure Gold Standard [Paperback]

Mark Skousen (Author)

Book Description

Publication Date: March 1, 2009

In the midst of continued monetary turmoil and the search for an ideal monetary system, the debate over gold and its role in the global economy rages. Professor Mark Skousen, financial economist, university professor, and author, offers a full discussion over the pro's and con's of returning to the international gold standard in this third edition of his classic work on gold. How would a pure gold standard work? What are the benefits and costs of returning to gold? What do the great economists (Adam Smith, John Maynard Keynes, Paul Samuelson, Ludwig von Mises, Milton Friedman, Murray Rothbard) say about the gold standard? From the 1988 second edition: "There is an increasing uneasiness about the international fiat 'dollar' standard and its apparent inability to provide stability in the foreign exchange markets, even in times of low inflation. Without some kind of independent monetary yardstick, the world's currencies seem to be at sea without a rudder." From the 1996 third edition: "Gold isn't just another commodity. Gold is money. Some day an international monetary crisis may rudely awaken us to this reality."

Editorial Reviews

Review

"A much neglected but important work." --Murray N. Rothbard

"Mark Skousen has emerged as one of the clearest writers on all matters economic today, the next Milton Friedman." --Michael Shermer, Scientific American

"Mark Skousen has a genius for explaining complex issues in a clear way and connecting ideas. He is the Henry Hazlitt of our time." --Steve Mariotti, President, NFTE

About the Author

Mark Skousen is a university professor, professional economist, financial adviser, best-selling author and entrepreneur. His best-selling books include "The Big Three in Economics: Adam Smith, Karl Marx and John Maynard Keynes," "The Making of Modern Economics," and "Investing in One Lesson." He has edited the award-winning "Forecasts & Strategies" for almost 30 years. Skousen regularly appears on CNBC's Kudlow & Company, Fox New's Glenn Beck show and The Strategy Room, as well as other TV and radio shows. He produces the liberty conference "FreedomFest," the world's largest gathering of free minds, each July in Las Vegas. Grantham University recently renamed its business school the "Mark Skousen School of Business," in honor of his many accomplishments.

Product Details

• Paperback: 168 pages
• Publisher: Foundation for Economic Education; 3rd edition (March 1, 2009)
• Language: English
• ISBN-10: 1572460520
• ISBN-13: 978-1572460522
• Product Dimensions: 8 x 5.5 x 0.6 inches
• Shipping Weight: 8 ounces
• Average Customer Review: 5.0 out of 5 stars  See all reviews (1 customer review)
• Amazon Best Sellers Rank: #1,295,850 in Books (See Top 100 in Books)

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Customer Reviews

Most Helpful Customer Reviews

7 of 18 people found the following review helpful:

5.0 out of 5 stars Technical - but good, June 7, 1998

By 

Michael Loxtercamp "RUSH Fan" (Fairfax, Virginia) - See all my reviews

This review is from: Economics of a Pure Gold Standard (Paperback)

A technical analysis (written by a Phd in Economics) of a pure gold standard. Well written and very convincing.