Money and the Mechanism of Exchange

The book has an active table of contents for easy access to each chapter as the follows:1.Preface2.Chapter I: Barter3.Chapter II: Exchange4.Chapter III: The Functions of Money5.Chapter IV: Early History of Money6.Chapter V: Qualities of the Material of Money7.Chapter VI: The Metals As Money8.Chapter VII: Coins9.Chapter VIII: The Principles of Circulation10.Chapter IX: Systems of Metallic Money11.Chapter X: The English System of Metallic Currency12.Chapter XI: Fractional Currency13.Chapter XII: The Battle of the Standards14.Chapter XIII: Technical Matters Relating to Coinage15.Chapter XIV: International Money16.Chapter XV: The Mechanism of Exchange17.Chapter XVI: Representative Money18.Chapter XVII: The Nature and Varieties of Promissory Notes19.Chapter XVIII: Methods of Regulating a Paper Currency20.Chapter XIX: Credit Documents21.Chapter XX: Book Credit and the Banking System22.Chapter XXI: The Clearing-house System23.Chapter XXII: The Cheque Bank24.Chapter XXIII: Foreign Bills of Exchange25.Chapter XXIV: The Bank of England and the Money Market26.Chapter XXV: A Tabular Standard of Value27.Chapter XXVI: The Quantity of Money Needed By a Nation28.Conclusion.. William Stanley Jevons was an English economist and logician in the row with the greatest thinkers Bertrand Russell, Gottlob Frege, Karl Popper, John Stuart Mill, Irving Fisher, Carl Menger, and Alfred Marshall. Their thoughts had strong influence on the investment style of George Soros and his endeavor of Open Society Foundations. . William Jevons’ important contribution to monetary and financial theory of economics is his book Money and the Mechanism of Exchange in 1875. In this book he argued, explained, and answered essential elements of a modern monetary system in a popular and descriptive style. Milton Friedman praised Jevons’ contrition to the modern economics as important as Adam Smith, David Ricardo, and Alfred Marshall.. Irving Fisher also praised Jevons’ book A General Mathematical Theory of Political Economy in 1862 as the start of the mathematical method in economics. William Jevons' work of the utility theory along with similar discoveries made by Carl Menger in 1871 marked the opening of a new period in the history of economic thought. . William Jevons’ work Money and the Mechanism of Exchange in 1875 called out the important concept of international money that set up the foundational work for John Keynes’ work and US to establish IMF and the World Bank. . William Jevon’s also invented the logic piano and a mechanical computer that was a pioneer work for modern computer.. William Jevons also proposed the unique approach and framework of "Commercial Crises and Sun-Spots" to analyze business cycles that crises in the economy might not be random events, but might be based on discernible prior causes. The influence of Money and the Mechanism of Exchange in 1875 has been felt today especially when currency war is a popular headline across the major nations since 2008 great financial crisis. . The reasoning by William Jevons still remains as relevant today as it was then. This book is one of the most important ones about the deepest thoughts of monetary and financial subjects and basic elements of a currency war by William Jevons, one of the greatest thinkers of modern economics and logic on the planet.