Readings in Money and Banking Selected and Adapted

Name: Readings in Money and Banking Selected and Adapted
Author: Chester Arthur Phillips

by Chester Arthur Phillips

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Language: en1,390 downloads on Project Gutenberg

Subjects

Money Banks and banking Banks and banking -- United States

In: Economics

Public-domain ebook sourced from Project Gutenberg #35120.

About this book

Readings in Money and Banking Selected and Adapted is a textbook‑style compilation assembled by Chester Arthur Phillips for use in introductory courses on money, currency, and banking. The volume opens with a candid disclaimer that it does not claim completeness; instead, it invites instructors to tailor the material by choosing among the many available texts and supplemental lecture topics. Phillips explains that the chapters on recent developments in the “mechanism of exchange” have been given particular attention, and he acknowledges the contributions of several professors and scholars who helped shape the selections. The table of contents reveals a broad sweep, ranging from the origins and functions of money to detailed surveys of foreign banking systems, legal tender, and the Federal Reserve, offering a comprehensive framework for students to explore both historical and contemporary aspects of finance.

The work reflects the scholarly tone of early‑20th‑century academic writing, with a measured, expository style that blends historical narrative, economic theory, and policy analysis. Its language is formal yet accessible, employing clear definitions and illustrative examples, such as the barter problem of a tailor, to elucidate complex concepts. Readers who appreciate a methodical, lecture‑friendly approach to monetary economics, especially those studying the evolution of banking institutions or the interplay between money and price levels, will find this collection both informative and adaptable to a variety of curricula.

The opening · free to read

Designed mainly for class room use in connection with one of the introductory manuals on the subject of Money and Banking or of Money and Currency, this volume, in itself, lays no claim to completeness. Where its use is contemplated the problems of emphasis and proportion are, accordingly, to be solved by the selection of one or another of the available texts, or by the choice of supplementary lecture topics and materials. The contents of the introductory manuals are so divergent in character as to render possible combinations of text and readings that will include, it is hoped, matter of such range and variety as may be desired.

Fullness of treatment has been attempted, however, in the chapters dealing with the important recent developments in the "mechanism of exchange," and my aim has been throughout to select and, in many instances, to adapt with a view to meeting the wants of those who are interested chiefly in the modern phases of the subject.

For valuable suggestions in the preparation of the volume I am greatly indebted to Professors F. H. Dixon and G. R. Wicker and Mr. J. M. Shortliffe of Dartmouth, Professor Hastings Lyon of Columbia, Professor E. E. Day of Harvard, and to my former teacher, Professor F. R. Fairchild of Yale. I desire also to mention my great obligation to authors and publishers who alike have generously permitted the reproduction of copyrighted material.