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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.
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.
"Henry G. Manne" is dean and university professor emeritus at
George Mason University. He has published many books and articles
and is an Honorary Life Member of the American Law and Economics
Association. He is considered an expert in insider trading, legal
education, law and economics.
"Roger LeRoy Miller" is associated with the Institute for
University Studies in Arlington, Texas. Some of his most recent
books include "Money, Banking and Financial Markets" (with David D.
VanHoose), "Business Law Today: The Essentials" (with Gaylord A.
Jentz) and "Economics Today."
For principles of economics and social issues courses. Brief,
relevant readings that spark independent thinking and classroom
discussions. The Economics of Macro Issues 4e is a collection of
brief, relevant readings that spark independent thinking and
classroom discussions in Principles of Economics and Social Issues.
The text encourages students to apply theoretical discussions to
today's important issues and to gain a deeper understanding of
current macroeconomic policy concerns. The fourth edition offers
provocative new topics, updates to ongoing macroeconomic policy
debates, and new discussion questions. A flexible format and
built-in correlation guide make this text easy to integrate into a
course without adding to the professor's preparation time.
Readers learn best when they see a concept applied in the context
of examples "they" understand. That is why Economics Today: The
Micro View is so successful when readers hail from a wide variety
of backgrounds. An abundance of relentlessly current, news-worthy
examples motivate every chapter and reflect the interests of
today's diverse reader population.
Introduction: The Nature of Economics; Scarcity and the World of
Trade-Offs; Demand and Supply; Extensions of Demand and Supply
Analysis; The Public Sector and Public Choice; Taxes, Transfers,
and Public Spending; Dimensions of Microeconomics: Consumer Choice;
Demand and Supply Elasticity; Rents, Profits, and the Financial
Environment of Business; Market Structure, Resource Allocation, and
Regulation: The Firm: Cost and Output Determination; Perfect
Competition; Monopoly; Monopolistic Competition; Oligopoly and
Strategic Behavior; Regulation and Antitrust in a Globalized
Economy; Labor Resources and the Environment: The Labor Market:
Demand, Supply, and Outsourcing; Unions and Labor Market Monopoly
Power; Income, Poverty, and Health Care; Environmental Economics;
Global Economics: Comparative Advantage and the Open Economy;
Exchange Rates and the Balance of Payments.
For all readers interested in principles of microeconomics.
With gripping photos, an engaging magazine-like format, and
riveting examples straight from today's headlines, CRIMINAL JUSTICE
IN ACTION: THE CORE, 6e puts you in the center of real-world CJ
action. Providing just the right depth of coverage, this succinct
book uses vivid cases and current events to demonstrate the core
principles of the American justice system at work. An expanded
emphasis on careers illustrates the many opportunities available in
the current market.
Designed for anyone considering a career as a paralegal, the 7th
edition of PARALEGAL TODAY: THE ESSENTIALS provides you with a
comprehensive introduction to the legal system through real-world
examples, practical applications, ethical dilemmas, and hands-on
assignments. With thorough coverage of the basic, key areas of
paralegal studies, this text ensures that you will develop a
comprehensive understanding of the laws in our society, the
importance of ethical and professional responsibility, and the
skills needed to thrive in the legal environment. The text includes
increased coverage of technology in the workplace, including
critical topics such as confidentiality issues, e-mail policies,
technology in the courtroom, and the use of social media in
criminal and civil litigation.
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