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Whence It Came, Where It Went
John Kenneth Galbraith
With a new foreword by James K. Galbraith

Paperback | 2017 | $26.95 | £21.95 | ISBN: 9780691171661
392 pp. | 5 1/2 x 8 1/2
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eBook | ISBN: 9781400889082 |
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Money is nothing more than what is commonly exchanged for goods or services, so why has understanding it become so complicated? In Money, renowned economist John Kenneth Galbraith cuts through the confusions surrounding the subject to present a compelling and accessible account of a topic that affects us all. He tells the fascinating story of money, the key factors that shaped its development, and the lessons that can be learned from its history. He describes the creation and evolution of monetary systems and explains how finance, credit, and banks work in the global economy. Galbraith also shows that, when it comes to money, nothing is truly new—least of all inflation and fraud.

John Kenneth Galbraith (1908–2006) was one of the most influential economists of the twentieth century. He was professor of economics at Harvard University and served as U.S. ambassador to India during the Kennedy administration. He wrote more than fifty books, including American Capitalism, The Affluent Society, and The New Industrial State (Princeton).


"No American writer has done more to comfort the afflicted and afflict the comfortable than John Kenneth Galbraith."--USA Today

"With characteristic wit and clarity [Galbraith] suggests that while good money may indeed be driven out by the bad, it is political suicide to assume that the suckers left holding the bad will take it lying down. . . . [T]here is no more current, more judicious, or more entertaining a perspective."--Kirkus Reviews

"Lively."--Library Journal


"Moneyremains the best introduction to the subject available. It is a classic in the history of money and finance."--Steven Pressman, editor of The Legacy of John Kenneth Galbraith

"Moneyis a book of perennial importance. Galbraith demonstrates a prescient insight and keen alertness to financial volatility and rising inequality."--Richard Parker, Harvard Kennedy School

Table of Contents:

Foreword ix
James K. Galbraith
Acknowledgments xiii
1 Money 1
2 Of Coins and Treasure 8
3 Banks 21
4 The Bank 33
5 Of Paper 52
6 An Instrument of Revolution 67
7 The Money War 78
8 The Great Compromise 97
9 The Price 118
10 The Impeccable System 135
11 The Fall 156
12 The Ultimate Inflation 170
13 The Self-Inflicted Wounds 190
14 When the Money Stopped 211
15 The Threat of the Impossible 229
16 The Coming of J. M. Keynes 250
17 War and the Next Lesson 272
18 Good Years: The Preparation 293
19 The New Economics at High Noon 310
20 Where It Went 327
21 Afterword 348
Index 361

Other Princeton books authored or coauthored by John Kenneth Galbraith:

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File created: 8/16/2017

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