
A thoughtful exploration of the foundations of money, this work begins by asking what “value” really means and how it is measured. Drawing on the insights of classic and modern economists, the author distinguishes between use‑value and exchange‑value, laying a clear groundwork for the discussion that follows. The early chapters lay out why the author believes the current monetary system is fundamentally flawed, pointing to recurring cycles of unemployment and wasted resources despite abundant production.
Building on that analysis, the book examines past attempts to reform the nation’s currency and highlights the gaps in popular debates that often overlook basic economic principles. By comparing the strengths and weaknesses of various proposals, the author sketches a vision of “honest money” that could stabilize prosperity and align capital with labor. Readers will come away with a deeper appreciation of how a sound monetary framework might resolve the persistent inequities that still trouble modern economies.
Language
en
Duration
~3 hours (198K characters)
Publisher of text edition
Project Gutenberg
Credits
Produced by Charlie Howard and the Online Distributed Proofreading Team at http://www.pgdp.net (This file was produced from images generously made available by The Internet Archive)
Release date
2014-08-04
Rights
Public domain in the USA.
A late-19th-century writer on money and economic reform, remembered for a forceful argument that a nation’s currency should rest on clear principles and public trust. His surviving work speaks in a practical, argumentative voice that turns monetary theory into a question of everyday fairness.
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