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A History of Money: From Ancient Times to the Present Day 3rd Edition
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Top Customer Reviews
The former Professor Davies has given us a wonderful collection of stories about the original forms of money used and the evolution of money and financial institutions. This is a book that will appeal to a historian, anyone working in the financial sector, anyone interested in economic development or the development of economic and business institutions.
My favorites are the stories about primitive, commodity money, such as giant stones way too big to pack around or exotic teeth! My second favorite stories are those of the Goldsmiths of Engand, who were the first commercial bankers in western Europe. I encourage you to read this book and find your own favorite chapters.
For a "big picture" yet very clear history of money, I found Galbraith's book "Money, whence it came and where it went" much, much better - and much shorter. I also recommend "the Great Wave" by David Hackett Fischer, which, although not as rigorous, is a fascinating read.
I will mention that Davies starts his study before money as we would understand it even began, which was actually such an interesting addition to this book!
You will then be getting a very detailed description of various forms of money throughout history. I won't even try to summarize all of the sections. But rest assured that you will get a global perspective, and will learn a good deal about money and banking along the way.
Yes, a solid portion of this book is dedicated to British and European monetary developments- but I don't think that the amount of space is unjustifiable.
I will also hit home that you are going to get a lot of detail, maybe more than you want on some things. You are also going to learn about banking so far as it relates to how money has changed- I didn't realize how much of the book would be about banking practice. That said, the amount of detail is necessary to give each subject a full study- and I have found the time spent reading the book to be worthwhile (yes, even the 'boring' parts!). I found some sections to be tedious when reading them, but later realized how much they contributed to my understanding of money and even investing.
The great thing about Davies is that he is not overly concerned with guiding you towards an opinion of monetary theory or anything like that. He presents the facts and lets the patterns of history speak for themselves.Read more ›
The book is well written and easy to understand. The shortcoming is that Davies does not deal with the effect of the development of money on the changing law.
I am going to recommend the book to Ph.D. students, especially if they have some understanding of accountancy.
Most Recent Customer Reviews
Read this book in order to understand the wars and conflicts of civilization.Published 2 months ago by S. Mordushevitz
Pretty good read - I'm a coins and currency, and an economics history enthusiast, so it's right up my alley...Davies obviously knows his subject... Read morePublished 5 months ago by Leroy
One of the best books written on the subject. Anyone interested in all things monetary should have a copy in their library.Published 15 months ago by john f.