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  3. Better Money
  • Cited by 13
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    • Publisher:
      Cambridge University Press
      Publication date:
      16 March 2023
      23 March 2023
      ISBN:
      9781009327466
      9781009327473
      9781009327459
      DOI:
      https://doi.org/10.1017/9781009327466
      Dimensions:
      (229 x 152 mm)
      Weight & Pages:
      0.5kg, 185 Pages
      Dimensions:
      (229 x 152 mm)
      Weight & Pages:
      0.41kg, 250 Pages
      • Subjects:
      Economics, Economic Theory, Political Economy, Politics and International Relations
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    Subjects:
    Economics, Economic Theory, Political Economy, Politics and International Relations
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    Book description

    The recent rise of dollar, pound, and euro inflation rates has rekindled the debate over potential alternative monies, particularly gold and Bitcoin. Though Bitcoin has been much discussed in recent years, a basic understanding of how it and gold would work as monetary standards is rare. Accessibly written by a pioneering economist, Better Money explains and evaluates gold, fiat, and Bitcoin standards without hype. White uses simple supply-and-demand analysis to explain how these standards work, evaluating their relative merits and explaining their response to shocks, allowing for informed comparisons between them. This book addresses common misunderstandings of the gold standard and Bitcoin, using historical evidence to review the history of money with emphasis on the contest between market and government provision. Known for his work on alternative monetary institutions, White offers a reasoned discussion of which standard is most likely to provide a better money.

    Reviews

    ‘… there can be no doubt that White succeeds in presenting the complexity of money and its purpose in a way that is both informative and friendly to the general reader. For that, ‘Better Money’ makes a worthwhile read.’

    David Weinberger Source: The University Bookman

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