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Robinson Crusoe's Money; / or, The Remarkable Financial Fortunes and Misfortunes of a Remote Island Community cover

Robinson Crusoe's Money; / or, The Remarkable Financial Fortunes and Misfortunes of a Remote Island Community

By David Ames Wells
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Economics

About This Book

The narrative follows a remote island community whose exchange systems evolve from direct barter to the invention and adoption of money and finally to paper currency. Through staged episodes it clarifies basic concepts of utility, value, price, credit, and capital, and tests popular fiscal proposals by dramatizing their practical effects. Episodes trace adoption of gold, banking, issues of inflation and deflation, war-driven finance, booms and failures, and social disputes over honesty and monetary policy. Marginal notes and illustrations connect allegory to historical examples while keeping the exposition accessible and practical.

About the Author

Wells, David Ames portrait

David Ames Wells

David Ames Wells was an American economist and author known for his works on finance and economics in the 19th century. He is particularly recognized for his book "Robinson Crusoe's Money; or, The Remarkable Financial Fortunes and Misfortunes of a Remote Island Community," which explores economic principles through a fictional narrative inspired by Daniel Defoe's classic. Wells contributed to the understanding of monetary systems and the role of currency in society, making complex economic concepts accessible to a broader audience. His writings reflect a keen interest in the practical implications of economic theory, and he remains a notable figure in the discourse on finance during his time.

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