The Value of Money

BY CHESTER A. PHILLIPS
Assistant Professor of Economics in Dartmouth College

Cloth, 8vo, 845 pp., $2.10

“In this remarkable volume Prof. Phillips has co-ordinated into a continuous and logical course of reading the most valuable writings of authorities on money and banking of the past and present, from books, addresses and contributions to the various economic reviews. The publications of the National Monetary Commission, also, have been drawn upon, enabling the reader to obtain material which he might otherwise have to dig out for himself from the 40 volumes of the Commission’s report, for which the government charges $40. Prof. Phillips’s book is, in fact, a library in itself. How complete a library it is one may judge from some of the chapter headings: The Origin and Functions of Money; The Early History of Money; Legal Tender; Greenbacks; Bimetallism; Index Numbers; The Use of Credit Instruments; Relation between Money and Prices; The Gold Exchange Standard; Irving Fisher’s Plan for a Compensated Dollar; Monetary Systems of Foreign Countries; Domestic Exchange; Foreign Exchange; Clearing Houses; Saving Banks; Trust Companies; The Canadian Banking System; The Bank of England; The Bank of France; The Bank of Germany; The Concentration of Money and Credit; The Federal Reserve System; The Effect of the European War on Money: Banking and Finance. Altogether the book is one which we can commend without hesitation to all students of money and banking.” Moody’s Magazine, N. Y.

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