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Stephen Zarlenga

The Lost Science of Money: The Mythology of Money, The Story of Power Hardcover – January 1, 2002

by Stephen A. Zarlenga (Author)

4.1 41 ratings

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Book by Zarlenga, Stephen A.

Print length

736 pages
Language

English
Publisher

American Monetary Institute
Publication date

January 1, 2002
Dimensions

6.5 x 1.75 x 9.25 inches
ISBN-10

1930748035
ISBN-13

978-1930748033
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Product details

Publisher ‏ : ‎ American Monetary Institute; First Edition (January 1, 2002)
Language ‏ : ‎ English
Hardcover ‏ : ‎ 736 pages
ISBN-10 ‏ : ‎ 1930748035
ISBN-13 ‏ : ‎ 978-1930748033
Item Weight ‏ : ‎ 3.15 pounds
Dimensions ‏ : ‎ 6.5 x 1.75 x 9.25 inches

Best Sellers Rank: #1,614,679 in Books (See Top 100 in Books)
- #1,302 in Economic Policy
- #1,690 in Economic Policy & Development (Books)
- #2,431 in History of Civilization & Culture

Customer Reviews:
4.1 41 ratings

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4.1 out of 5

41 global ratings

5 star		72%
4 star 0% (0%)		0%
3 star		11%
2 star 0% (0%)		0%
1 star		18%

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M. White

No More Wizard of Oz, period. We will soon be in the Knowledge Age.

Reviewed in the United States 🇺🇸 on August 21, 2011

Verified Purchase

"To be ignorant of what occurred before you were born is to remain always a child."- Cicero

I teach history and can think of no other text or work which does more to dispell the curse of ignorance which was placed on Western societies (at least) several centuries ago, and that, unfortunately, continues to this day.

One who has read this book will see the world as it is, not as Adam (the invisible hand) Smith and other childish propagandists have "theorized."

To some of us at least, man is by nature more 'citizen' than 'consumer'.

See through the oldest tricks in the book.

19 people found this helpful

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Marilyn T. Burgess

A Gift

Reviewed in the United States 🇺🇸 on May 9, 2016

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I gift for my son the banker, he is reading it now.

Reviewed in the United States 🇺🇸 on February 5, 2015

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A social contribution like ever before and food for thought for all these useless politicians

5 people found this helpful

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David Eagen

Be very careful when listening to his views

Reviewed in the United States 🇺🇸 on February 8, 2014

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I have read his book, his writings and lectures.

I will not bother commenting on the myriad of ways he tried to get history, economics and politics to fit his world view. I am just going to point out that he espouses using confiscation and currency controls to enforce his theory of money. He wants to make many things illegal so that the government can be justified in being the arbitor of peoples decisions, not only financial but other freedoms also.

The high reviews are from people who like his political view, but never look at the consequences of being on the wrong side of whomever enforces this method.

I am not a free market proponent. I have read both Zarlenga and Mises. I have read Del Mar and Rothbard. I have read Marx and Hayek. In any sense one must look at the whole picture to see what is right and what is wrong. What is freedom and what is control. What is fair and right. What is moral and just. I have yet to find amy person who can explain economic theory that answers these questions or answers what is best for society. Each and everytime it comes down to people and circumstance.

The one star is because of Zarlenga's arrogance in proposing he has the answer and for the scary thought of someone implementing this in real life and destroying personal freedom, responsibility and right to hapiness. Also one star for the fact that money does NOT come from law, but from what society accepts as money. (NOTE: society means people not the abstract "market")

28 people found this helpful

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brady

good

Reviewed in the United States 🇺🇸 on January 6, 2013

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gave it as a gift he liked it blah blah blah blah blahb labh albha blah blah blah blah blah

One person found this helpful

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Jon W. Davis

If you only read one book about money this is the one.

Reviewed in the United States 🇺🇸 on November 12, 2004

Having read numerous books on the issues of money systems I can say without equivocation this is the best by far of any I have come across including many of the Austrian economics books and those by Rothbard. All of them have their perspectives but Zarlenga's work and conclusions are a synthesis from history, well documented, and ring true on deep gut level. He makes his case very well and there is no hype or misplaced emotion as there are in many works on the money issues. Taken as a history book alone I would give the book 5 stars. Too many people, including me, have been ignorant of the historical roots of money and Zarlenga helps us to learn the dramas, political games, and debasement of money systems through the ages. It is fascinating and shocking story. What is taking place in the world now, including the Federal Reserve and World Bank is a slight variation of the historical power struggles over the control of money that go back thousands of years. The most informative issues that come out of this work is the history of gold and silver as money and how they are fiat currencies just like any other proclaimed currency. The money powers, governments, and kings have at various times decreed gold to be money (fiat) as they stood to benefit from it. Yes, gold can't be created out of nothing but it is just as fiat as a dollar bill. As a defender of the gold standard I have to admit that my notions of the gold standard have been flipped upside down even though I have read many of the Mises Institutes books. I can't say that a commodity-based money may not be useful or that the connection between paper money and its basis in gold adds integrity to the system but I do believe now that the issues is not black and white, gold or paper money. What Zarlenga elegantly makes clear is that all money, short of direct barter of goods, has always been a creature of law, i.e. someone decrees it so. As such it is open to abuse and perversion. The book, Subtitled " The Mythology of Money, the Story of Power", does a great service in taking the mythology issues and presenting them in a factual and understandable way. What I like about this book is it is common sense, down to earth, expertly researched and presented in a way that avoids the curse of too much economics jargon and pseudo-science. Money is not particle physics and it is an issue that touches each and every one of us every day. Money has, and continues to shape culture and the direction of life. Leaving the control of money, which seems to me to function as a sort of cultural economic DNA, to a private and secretive group of world elites is a recipe for life out of balance on all levels. It invites exploitation and abuse and as history show there has been much of that concerning the control of money.

Regarding the comments from a prior reviewer of the book who was somewhat critical of the work I disagree with his comment that the book does not give specific solutions. I got the sense that the reviewer wanted economic equations and esoteric pogroms that he could espouse as a scientific look at money. Money, at its roots is no more scientific than sex. Sure, you can define sex with all the science in the world but the gist of it is personal and well known to all of us. People get heated up over the issue of sex and everyone has an opinion. Money is no exception and taking the understanding and control of money and wrapping it up in academic polemics is simply a way to convince us that we need accredited experts to help us. Try that with sex and see what happens. The kinds of solutions that are needed are social and political. Zarlengas effort was not to micro-manage the topic but to show us the lay of the land and give us the broader concepts and tools to regain the control of societies money. It belongs to all of us and is part and parcel to human life and commerce. Just as "We The People" are the foundation and source of the authority for our constitution, we should also be the foundation and final arbiter of our money system. There is little difference between a dictatorship of the societal political process or the societal money process. Concentrated in the hands of the few leads to perverse distortion and societal destruction.

In my 50 years or so of life I have only a handful of books that I think are must-reads and this is one of them. With three sons all out of college and in their twenties this is one of the books I am getting for each of them to read. It is that important. I give this book 5 stars. It is a tour de force of excellent research and common sense analysis.

118 people found this helpful

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The Lost Science of Money: The Mythology of Money, The Story of Power Hardcover – January 1, 2002

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