counter create hit A Primer on Money, Banking, and Gold (Peter L. Bernstein's Finance Classics) - Download Free eBook
Ads Banner
Hot Best Seller

A Primer on Money, Banking, and Gold (Peter L. Bernstein's Finance Classics)

Availability: Ready to download

One of the foremost financial writers of his generation, Peter Bernstein has the unique ability to synthesize intellectual history and economics with the theory and practice of investment management. Now, with classic titles such as Economist on Wall Street, A Primer on Money, Banking, and Gold, and The Price of Prosperity--which have forewords by financial luminaries and One of the foremost financial writers of his generation, Peter Bernstein has the unique ability to synthesize intellectual history and economics with the theory and practice of investment management. Now, with classic titles such as Economist on Wall Street, A Primer on Money, Banking, and Gold, and The Price of Prosperity--which have forewords by financial luminaries and new introductions by the author--you can enjoy some of the best of Bernstein in his earlier Wall Street days. With the proliferation of financial instruments, new areas of instability, and innovative capital market strategies, many economists and investors have lost sight of the fundamentals of the financial system--its strengths as well as its weaknesses. A Primer on Money, Banking, and Gold takes you back to the beginning and sorts out all the pieces. Peter Bernstein skillfully addresses how and why commercial banks lend and invest, where money comes from, how it moves from hand to hand, and the critical role of interest rates. He explores the Federal Reserve System and the consequences of the Fed's actions on the overall economy. But this book is not just about the past. Bernstein's novel perspective on gold and the dollar is critical for today's decision makers, as he provides extensive views on the future of money, banking, and gold in the world economy. This illuminating story about the heart of our economic system is essential reading at a time when developments in finance are more important than ever.


Compare
Ads Banner

One of the foremost financial writers of his generation, Peter Bernstein has the unique ability to synthesize intellectual history and economics with the theory and practice of investment management. Now, with classic titles such as Economist on Wall Street, A Primer on Money, Banking, and Gold, and The Price of Prosperity--which have forewords by financial luminaries and One of the foremost financial writers of his generation, Peter Bernstein has the unique ability to synthesize intellectual history and economics with the theory and practice of investment management. Now, with classic titles such as Economist on Wall Street, A Primer on Money, Banking, and Gold, and The Price of Prosperity--which have forewords by financial luminaries and new introductions by the author--you can enjoy some of the best of Bernstein in his earlier Wall Street days. With the proliferation of financial instruments, new areas of instability, and innovative capital market strategies, many economists and investors have lost sight of the fundamentals of the financial system--its strengths as well as its weaknesses. A Primer on Money, Banking, and Gold takes you back to the beginning and sorts out all the pieces. Peter Bernstein skillfully addresses how and why commercial banks lend and invest, where money comes from, how it moves from hand to hand, and the critical role of interest rates. He explores the Federal Reserve System and the consequences of the Fed's actions on the overall economy. But this book is not just about the past. Bernstein's novel perspective on gold and the dollar is critical for today's decision makers, as he provides extensive views on the future of money, banking, and gold in the world economy. This illuminating story about the heart of our economic system is essential reading at a time when developments in finance are more important than ever.

30 review for A Primer on Money, Banking, and Gold (Peter L. Bernstein's Finance Classics)

  1. 4 out of 5

    Richard

    This is a good introduction to how money and banking function; however, it is very general, and most of the information is likely available for free on the internet. When it was first published in 1965, this would have been one of the best sources for the information; however, I would recommend 21st Century readers save their money.

  2. 4 out of 5

    srdjan

    Easy to follow primer on a topic people should understand better - how the economy actually works. This deceptively easy read concisely conveys a ton of information, but I assume it’s a much richer read if you have some familiarity with the topics covered. I frequently found myself referencing prior readings/reviewing concepts in my mind as I read through the work – but it probably works as a good intro. Its also full of historical curiosities that remind you how dynamic our monetary history has Easy to follow primer on a topic people should understand better - how the economy actually works. This deceptively easy read concisely conveys a ton of information, but I assume it’s a much richer read if you have some familiarity with the topics covered. I frequently found myself referencing prior readings/reviewing concepts in my mind as I read through the work – but it probably works as a good intro. Its also full of historical curiosities that remind you how dynamic our monetary history has been over the last century (and how we take it for granted)– “Since 1933, only the U.S. Government is allowed to own gold” “Furthermore, a change in the price of gold requires Congressional action” “direct investments abroad by American concerns… have been restrained by a set of direct controls” “the United States accrues relatively little bread and butter advantage from this position as a ‘key currency’” A good, educational read that eloquently summarizes the things that haven’t changed* as well as preserving the historical oddities that have. *“[The:] soundness [of our money:] rests upon the soundness of each individual borrower – but the ultimate soundness of the borrowers depends upon the level of prosperity and rate of economic growth throughout the American economy.”

  3. 4 out of 5

    E

    Classic, accessible primer on money Peter L. Bernstein’s classic, originally published in the mid-1960s, provides a learned, generally accessible explanation of the workings of the American monetary system. Of course, some of the information is quite out-of-date, but you’ll understand that as you read. For example, the author speaks extensively about the importance of gold in international finance – yet gold has not really mattered since 1971. Moreover, the book came out before history taught the Classic, accessible primer on money Peter L. Bernstein’s classic, originally published in the mid-1960s, provides a learned, generally accessible explanation of the workings of the American monetary system. Of course, some of the information is quite out-of-date, but you’ll understand that as you read. For example, the author speaks extensively about the importance of gold in international finance – yet gold has not really mattered since 1971. Moreover, the book came out before history taught the lessons of the 1970s, 1980s and 1990s, not to mention the financial crisis that began in 2008. Former Fed Chair Paul Volcker’s foreword and Bernstein’s new introduction acknowledge these time lags. The last quarter of the 20th century saw a very extensive reshaping of the financial system, including the creation of new financial entities and even new forms of money, so this primer is less useful and informative than it may have been when new. Nonetheless, getAbstract finds that Bernstein’s explanation of the fundamental workings of the Federal Reserve and of the role of commercial banks in the monetary system remains lucid and well worth reading.

  4. 5 out of 5

    Ed Terrell

    Bernstein explains in fine prose the detailed machinations of how banks create money and how economics really works. While "A Primer" focuses on describing the great gears of this clock, it does not fail to ignite flashes of insight and "aha" moments. It is amazing how so much of this is still pertinent since it was written over 40 years ago while the US was still on the "gold standard". With precisence, though he predicts the move away from gold and the future demise of the Bretton Woods system Bernstein explains in fine prose the detailed machinations of how banks create money and how economics really works. While "A Primer" focuses on describing the great gears of this clock, it does not fail to ignite flashes of insight and "aha" moments. It is amazing how so much of this is still pertinent since it was written over 40 years ago while the US was still on the "gold standard". With precisence, though he predicts the move away from gold and the future demise of the Bretton Woods system. He encourages us to think: Is inflation the greatest threat? Is monetary policy sufficient? A thorougly clear description of the magic giant teeter-totter we call our economy.

  5. 4 out of 5

    Brian

    Fantastic book. Troublingly, I think I might finally understand what money is- an issue that has bothered me for most of my life. The troubling bit is that money doesn't really exist. It represents little more than an idea. That's a facile explanation, but it's more or less where the explanation begins. Next stop: Keynes and Bagehot!

  6. 5 out of 5

    Jiri Kram

    If you ever wonder why gold and banks has such a special place in the history - here is the answer. It's a great foundation of modern theory of banking, money and gold. Also it explains how banking looks like when money was backed by a gold. Interesting comparison of today's world.

  7. 4 out of 5

    Amit

    A bit dated but still an excellent account of the workings of the treasury, fed and the banking system.

  8. 5 out of 5

    Kalin

    The best book to understand how money works. Although written 50-60 years ago, it is the best I have read about money.

  9. 5 out of 5

    David Bielenberg

  10. 5 out of 5

    Ray Cunningham

  11. 4 out of 5

    Ted

  12. 4 out of 5

    Lee

  13. 5 out of 5

    Phil

  14. 4 out of 5

    Jay Pruitt

  15. 5 out of 5

    Marijke Lilleike

  16. 4 out of 5

    Hammad

  17. 4 out of 5

    Jc Daniel

  18. 5 out of 5

    Shabang

  19. 5 out of 5

    Andrianna Dafnis

  20. 5 out of 5

    A

  21. 5 out of 5

    Edmundo

  22. 5 out of 5

    Akrasia

  23. 4 out of 5

    Alexandra Kassabova

  24. 5 out of 5

    Diana

  25. 4 out of 5

    Spetz

  26. 4 out of 5

    Drazen Milic

  27. 4 out of 5

    Nur Zahidah

  28. 5 out of 5

    Jay

  29. 4 out of 5

    Vitor

  30. 4 out of 5

    Godwin Ezeali

Add a review

Your email address will not be published. Required fields are marked *

Loading...
We use cookies to give you the best online experience. By using our website you agree to our use of cookies in accordance with our cookie policy.