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The Big Problem of Small Change

By: Thomas J. Sargent (Author) , Francois R. Velde (Author)

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Ksh 9,200.00

Format: Paperback or Softback

ISBN-13: 9780691116358

Publisher: Princeton University Press

Publication Date: Nov 23rd, 2003

Weight: 812 grams

Dimension: 17.90 x 25.50 x 2.80 cms

Category: History: specific events & topics

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Examines the evolution of Western European economies through the lens the recurring scarcity and depreciation of small change. This book tells the story of how monetary technologies, doctrines, and practices evolved from 1300 to 1850; of how the 'standard formula' was devised to address the dilemma without causing inflation.

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