ABC of Money (el. knyga) (skaityta knyga) | Andrew Carnegie | knygos.lt

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.."....human society chooses for that basis-article we call "money" that which fluctuates least in price, is the most generally used or desired, is in the greatest, most general, and most constant demand, and has value in itself.
--from The ABC of Money, Lessons from a Tycoon

It seems a simple question -- what is money?-- but the answer is more complicated than you'd think. In 1891, America's greatest self-made man, steel tycoon Andrew Carnegie, took on the subject in this essay. Here, he explains:

- the historical basis for money as a medium of exchange
- the difference between "money" and "currency"
- the trouble governments get into when they "make money"
- the problems that coming with backing currency with silver
- the "good sense" of the gold standard
- and more.

The ABC of Money offers a highly readable discussion of a basic concept of economics.