Economics of a Pure Gold Standard

by Mark Skousen, Mark Sousen

In the midst of continued monetary turmoil and the search for an ideal monetary system, the debate over gold and its role in the global economy rages. Professor Mark Skousen, financial economist, university professor, and author, offers a full discussion over the pro's and con's of returning to the international gold standard in this third edition of his classic work on gold. How would a pure gold standard work? What are the benefits and costs of returning to gold? What do the great economists (Adam Smith, John Maynard Keynes, Paul Samuelson, Ludwig von Mises, Milton Friedman, Murray Rothbard) say about the gold standard? From the 1988 second "There is an increasing uneasiness about the international fiat 'dollar' standard and its apparent inability to provide stability in the foreign exchange markets, even in times of low inflation. Without some kind of independent monetary yardstick, the world's currencies seem to be at sea without a rudder." From the 1996 third "Gold isn't just another commodity. Gold is money. Some day an international monetary crisis may rudely awaken us to this reality."

Genres: Economics

168 pages, Paperback

First published December 1, 1961

About the author

I am a professional economist, financial adviser, university professor, author and producer of FreedomFest, the largest annual gathering of free minds about liberty and freedom in the world. I edit the award-winning financial newsletter, Forecasts & Strategies (www.markskousen.com), and have authored many books on economics, finance, investing and Benjamin Franklin. I have been married to my wife Jo Ann for 35 years, and we have 5 children and 3 terrific grandsons.

Reviews

[Joe · Rating 3 out of 5]

Pretty much the same material as other books on the gold standard.