This is a straight-forward, readable account, written with the minimum of jargon, of the central importance of money in the ordinary business of the life of different peoples throughout the ages from ancient times to the present day.
First published in hardback in 1994 and selected by the American Libraries Association as an Outstanding Academic Book. This revised and updated paperback edition also deals with the Barings crisis and the report by the Bank of England on Barings Bank; up-to-date information on the state of Japanese banking; changes in the financial scene in the US; the UK housing market and the problem of negative equity. The paradox of why more coins than ever before are required in an increasingly cashless society is clearly explained, as is the role of the new Euro' coin as the lowest common denominator in Europe's controversial single currency system. The final section provides evidence to suggest that for most of the world's richer countries the era of persistent inflation may well be at an end.
“This work of monumental proportions is both well conceived and executed . . . Davies writes with a sparkling wit, and his prose is elegant and flowing. This book is a total success. Both undergraduate and graduate students can learn much from this excellent work, which will be useful to economists, political scientists, and even anthropologists.” – Choice
“If you want a chronological history of money, here it is. If the development of banking is required, that is available. And if you want to worry about the exploding world population, the book provides some interesting theories . . .” – Banking World
“. . . highly readable . . .” – Financial Times
“. . . a thoroughly good read . . .” – Economic Journal
“. . . if you are a numismatist looking for a book that will explain the economy then this is it. I would not have been disappointed at £45 . . . all I can say is Highly recommended.” -- Sacra Moneta
“. . . a masterful examination . . . It’s a helter-skelter ride through history, swooping and touching on civilization and how they did business, funded their treasuries and paid their servants including armies . . .” – World Money Laundering Report
Glyn Davies (1919 – 2003) was a Welsh economist, best known for his 1994 book, A History Of Money From Ancient Times To The Present Day. He studied economics at University of Wales, Cardiff. His studies were interrupted by the outbreak of World War II; he served in the Royal Dragoons and was present at the Battle of El Alamein. He also took part in the Normandy invasions of 1944.
Glyn Davies was an Emeritus Professor of the University of Wales and Economic Advisor to Julian Hodge Bank Ltd. His former positions include Sir Julian Hodge Professor of Banking and Finance and Head of Department for Economics and Banking, U.W.I.S.T, Cardiff. He was also Senior Economic Advisor to the Secretary of State for Wales and Economic advisor and Director of the Bank of Wales.