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Money in the Western Legal Tradition - Middle Ages to Bretton Woods (Hardcover)
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Money in the Western Legal Tradition - Middle Ages to Bretton Woods (Hardcover)
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Monetary law is essential to the functioning of private
transactions and international dealings by the state: nearly every
legal transaction has a monetary aspect. Money in the Western Legal
Tradition presents the first comprehensive analysis of Western
monetary law, covering the civil law and Anglo-American common law
legal systems from the High Middle Ages up to the middle of the
20th century. Weaving a detailed tapestry of the changing concepts
of money and private transactions throughout the ages, the
contributors investigate the special contribution made by legal
scholars and practitioners to our understanding of money and the
laws that govern it. Divided in five parts, the book begins with
the coin currency of the Middle Ages, moving through the invention
of nominalism in the early modern period to cashless payment and
the rise of the banking system and paper money, then charting the
progression to fiat money in the modern era. Each part commences
with an overview of the monetary environment for the historical
period written by an economic historian or numismatist. These are
followed by chapters describing the legal doctrines of each period
in civil and common law. Each section contains examples of
contemporary litigation or statute law which engages with the
distinctive issues affecting the monetary law of the period. This
interdisciplinary approach reveals the distinctive conception of
money prevalent in each period, which either facilitated or
hampered the implementation of economic policy and the operation of
private transactions.
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