John Galbraith (1908-2006). Galbraith is a former economics professor at Harvard University, a writer of economic-based best sellers and a former advisor to the U.S. government on matters of economics.
When approaching a disputably dull subject such as economics, it takes a very good writer to liven up the topic. Galbraith is, by that definition, a very good writer. He gives a very in-depth account of the history of, and all things pertaining to, money. The book is primarily concerned with macroeconomic policies, concerning the acts of leaders of the world that affect money, and currency stabilization, relating to how a state circulates money. It looks at questions like: How money began to be created and circulated, how initially banks were created just to verify the weight of different coins (like Bank of Amsterdam), the different experiments by different people under different circumstances to create paper money and so on.
Galbraith discusses Keynes and how fiscal policy (expenditures through the Federal budget) helps in certain economic times when some method of making sure money is spent, not simply made available for borrowing (at times even though money is available to borrow, it is not - and we see that tendency in 2008). He also discusses four serious flaws to fiscal policy in chapter six - something policy makers should keep in mind during this economic cycle in the early years of the 21st Century.All chapters are fascinating to read. This book provides a good way to understand today's economics and liberalism
Nathan. (2013). BOOK REVIEW: “Money: Whence it Came, Where it Went” by John Galbraith,” reviewed by Nathan. Retrieved from:
Book review: Money, Whence It Came, Where It Went. (n. d.). Retrieved from:
“This is a fascinating book that goes well beyond the conventional academic debates and focuses a great deal on China’s political-economic development in the past 10–15 years. It’s written in a highly accessible manner and filled with very timely information or evidence from the author’s original fieldwork and useful secondary sources. I am particularly impressed by the wide-ranging issues covered in this very readable book, from China’s massive industrial transformation and domestic entrepreneurship to more recent phenomena such as innovation, financialization, and globalization. It helps us understand far better China’s rise in the new global economy than many highly specialized monographs on China’s economic transformation.”
––Henry Wai-chung Yeung, Global Production
Networks Centre, National University of Singapore
[Excerpted from the back cover]
This book provides the perspective that God is taken as a sovereign economic administrator who accomplishes salvation through Christ as currency in early Christian thought and society. A divine economy is constructed with the monetary incarnation of Christ as the representative of the sovereign power. The incarnation and divine economy resonate with money and economic administration. Salvation is taken as ransom exchange between God and Satan, as Christ is offered as compensation to discharge humanity’s debt. Such ideas led to new economic conceptions of state administration, and the association of money with divine activity serves to justify various forms of politics. Thus, this book also investigates the relations between monetary economy, politics, and Christian theology. Contrary to the general thinking that money plays a corruptive influence, Singh argues that money actually serves as a critical structuring principle in theological thought. In turn, theological discourse eventually comes to play a determinative role in politics and economic administration in Christendom. This book makes use of genealogical and archaeological approaches to examine this topic both diachronically and synchronically.