The Encyclopedia of Money, 2nd edition by Larry Allen

The Encyclopedia of Money, 2nd edition



Download The Encyclopedia of Money, 2nd edition




The Encyclopedia of Money, 2nd edition Larry Allen
Language: English
Page: 520
Format: pdf
ISBN: 159884251X, 9781598842517
Publisher:

From School Library Journal

Grade 9 Up—In the years since the publication of the first edition of the Encyclopedia (Checkmark, 2001), money issues have altered dramatically, changing focus from inflation and inconvertible paper standards to hyperinflation and waves of failures in financial institutions. While the number of entries remains similar, at approximately 300, the second edition reflects current concerns and is based upon a solid knowledge base of global history about money and types of commodities. Dropped are entries such as those on blood money, the culture of money, Faust, and fur money. Notable additions include "U.S. Financial Crisis of 2008–2009," "Float," "Hot Money," "Credit Crunch," and "Public Debts." Revisions are apparent in "Debit Card," "American Penny," and "Euro Currency." Historical and global topics outnumber those about the United States, making this a unique source to consult about money matters in the Roman Empire or the age of Charlemagne, or for learning about the Goat Standard of East Africa. The volume does not address topics associated with general economic theory and is not the best source to find direct explanations of current topics such as fiscal stimulus, easy credit, or bank bailouts, but it remains true to its intended focus: the history of money and monetary systems. Although the book is alphabetically arranged and the entries are listed in the front matter, students will rely heavily on the index to locate specifics. "See also" references appear in the index as well as at the end of most entries. Suitable for general readers and researchers.—Vicki Reutter, Cazenovia High School, NY
(c) Copyright 2010. Library Journals LLC, a wholly owned subsidiary of Media Source, Inc. No redistribution permitted.

From

Compared to the previous edition (1999), entries in this new edition focus on more contemporary issues. Although some historical topics are still included, others have been dropped. Gone are the articles on the Augustan monetary system, Lydian coinage, and Plato. In are articles on Announcement effect, Liquidity, and Producer price index. Among the 311 entries, Allen (professor of economics, Lamar University) also provides new articles on the current economic crisis, including Credit crunch, Credit ratings, Troubled Asset Relief Program, and U.S. financial crisis of 2008–2009. Coverage is international—for example, readers will find a selection of currencies from other countries and time periods (for example, English penny, French franc, Nails). Articles on people are mostly excluded. Arranged alphabetically, entries average between one and two pages and tend to recount historical developments rather than provide in-depth theoretical analysis. For example, the two-page article Federal Reserve System describes the development of the Federal Reserve, beginning with the eighteenth-century U.S. banking system and ending with events in 2008. Reference lists to books and articles (also compiled in the bibliography) are included with each entry. High-quality black-and-white illustrations and a short glossary are also provided. In the index, listings for acronyms seem problematic. For example, the index listing for FOMC misses the main entry, while the separate index listing for Federal Open Market Committee does not. Some entries are also found in other sources, such as The New Palgrave Dictionary of Economics (2008), but other topics—such as Bank of Amsterdam and articles on hyperinflation in more than 15 other countries (for example, Hyperinflation in Zimbabwe)—will be more difficult to find. A good choice for academic and public libraries. Libraries with the earlier edition will want to update. Also available as an e-book. --Stephen Fadel

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