Money

Exploring the concept of currency orders, this book develops a new framework for understanding monetary theory and policy, expanding on neoclassical ideas. It integrates transaction costs into discussions on money demand and supply, banking, and purchasing power. Key topics include fixed vs. flexible exchange rates, the debate between gold and paper currency, and the role of central banks. Aimed at students familiar with money and banking, it provides a coherent presentation and a comprehensive list of further readings for deeper exploration.