The Big Problem of Small Change
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History
Business & Economics
Format
Paperback
Pages
392
Language
English
Published
Nov 23, 2003
Publisher
Princeton University Press
Edition
New Edition
ISBN-10
0691116350
ISBN-13
9780691116358
Description
Thomas J. Sargent and François R. Velde delve into a captivating exploration of the intricate dynamics surrounding small change and its pivotal role in economic history. The authors weave together economic theory and practical observations, illuminating how the circulation of coins, particularly small denominations, has influenced broader economic systems over centuries.
Their innovative approach unpacks the seemingly simple yet profound issues of currency and change, tracing historical patterns and societal impacts. By examining case studies and historical events, the authors reveal the often-overlooked complexity of everyday transactions and their ripple effects on economies.
Sargent and Velde’s expertise shines through as they discuss the strategic importance of small change in trade, commerce, and societal interaction. Each chapter is rich with insights that challenge conventional thinking, making the text a valuable resource for scholars and enthusiasts alike.
Through detailed analysis and engaging prose, this work invites readers to reconsider how something as simple as small change plays a crucial role in the economic fabric of societies.
Their innovative approach unpacks the seemingly simple yet profound issues of currency and change, tracing historical patterns and societal impacts. By examining case studies and historical events, the authors reveal the often-overlooked complexity of everyday transactions and their ripple effects on economies.
Sargent and Velde’s expertise shines through as they discuss the strategic importance of small change in trade, commerce, and societal interaction. Each chapter is rich with insights that challenge conventional thinking, making the text a valuable resource for scholars and enthusiasts alike.
Through detailed analysis and engaging prose, this work invites readers to reconsider how something as simple as small change plays a crucial role in the economic fabric of societies.
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