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Books > Business & Economics > Economics
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Gold Money & the Law (Hardcover)
Loot Price: R4,215
Discovery Miles 42 150
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Gold Money & the Law (Hardcover)
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Beginning 30 years ago American citizens were allowed to own and
exchange gold in any form, something they had not been able to do
for the previous 40 years. Restrictions on gold began with a series
of actions intended to buttress the collapsing economy of the
1930s, including executive and legislative action forbidding the
private ownership of and trading in gold and abrogating "gold
clauses" in contracts--obligations payable in gold or in dollars
measured by gold. All of these actions were subsequently upheld by
the U.S. Supreme Court. They have profound implications for us
today. This book provides a full and thoughtful consideration of
all these issues, including the economic and legal history of the
events of the 1930s, the effects of those events on government and
private practices since that time, the economics of gold clauses
and other indexing devices, and the anticipated impact of the
legalization of gold ownership. It includes chapters by James M.
Buchanan and T. Nicolaus Tideman, Milton Friedman, Harry G.
Johnson, Ralph K. Winter, and Gerald T. Dunne, as well as
discussions by Allan Meltzer, Karl Brunner, Armen Alchian, Lester
Chandler, and David Meiselman among others. The diverse points of
view represented make this book valuable to a broad spectrum of
people concerned with the relationship between legal and economic
policy; with the role of money in times of depression or inflation;
and with the importance of gold itself in international and
domestic economic systems. It will be important to economists
concerned with international trade, macroeconomics, monetary
economics; legal scholars concerned with problems of constitutional
law, international trade, and the theory of contracts; and to that
large group of people who are interested in precious metal that has
long been central to human affairs.
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