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Home > Business and Economics > Economics > Economic history > Thomas Edison's Monetary Option: Inventing Stable Economies
Thomas Edison's Monetary Option: Inventing Stable Economies

Thomas Edison's Monetary Option: Inventing Stable Economies


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About the Book

Rapid price inflation followed by deflation presents people with serious problems. Wealth can be lost or gained due to circumstances beyond one's control. These episodes accompany and follow wars; they also may occur due to policy miscalculations and other shocks to an economy. In 1921, following WWI, the American inventor Thomas Edison turned his focus and intelligence to the problem of engineering money with stable purchasing power, one that would 'cast the variable out of money'. His goal was that the nation's money would once and forever, represent the stable and enduring value of America's productive might. Edison's experience is a fascinating story of the search for 'stable money', and it provides lessons for modern readers on what stable money might look like and why present economies still experience inflationary-deflationary whipsaws.

Table of Contents:
Post WWI Condition of US Economy; Last Vestiges of Surging Wartime Inflation with Significant Deflation in 1920-1922; Problems of Inflation and Deflation Examined; Monetary System of the Day Examined; Henry Ford's Suggestion to Finance Purchase of Muscle Shoals (Wilson Dam) Spurs Thomas Edison to Research Monetary System; Edison Proposes a New Monetary System One That He Claims Will End Inflations and Deflations; Edison Receives Comments from Experts in the Field as well as Correspondents from around the Country Representing All Regions and Occupations; Edison's Plan is Analyzed in Light of Its Goals and in Light of the Comments; Discussion/Analysis of What Edison's Thoughts and Proposals Can Tell Us about Modern Day Economic Problems and Possible Solutions.


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Product Details
  • ISBN-13: 9789814335218
  • Publisher: World Scientific Publishing Co Pte Ltd
  • Publisher Imprint: World Scientific Publishing Co Pte Ltd
  • Language: English
  • Sub Title: Inventing Stable Economies
  • ISBN-10: 9814335215
  • Publisher Date: 29 Sep 2012
  • Binding: Hardback
  • Returnable: Y


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