Easy Money: American Puritans and the Invention of Modern Currency

Easy Money is a book that explores the origins of modern money in North America by tracing the story of the Massachusetts colony during the seventeenth century. It shows how colonists invented contemporary currency by shifting its foundation from intrinsically valuable goods to the taxation of the state and how this structure grew into a worldwide system.

Format: Hardback
Length: 360 pages
Publication date: 29 March 2023
Publisher: The University of Chicago Press

A comprehensive exploration of the birth of modern money in the United States

Economists engage in ongoing discussions regarding the characteristics of legal tender monetary systems, encompassing coins and bills issued by governments or other authorities. However, the origins of these currencies have garnered relatively limited attention. In his book, "Easy Money," Dror Goldberg delves into the history of modern money in North America, focusing specifically on the Massachusetts colony during the seventeenth century. As the young settlement embarked on the path of self-governance and witnessed the flourishing of its economy, the necessity of establishing a seamless exchange emerged. This led to the printing of local money.

"Easy Money" showcases how colonists revolutionized the concept of currency by shifting its foundation away from inherently valuable goods like silver and towards the taxation of the state. Goldberg meticulously traces the evolution of this structure, culminating in a global monetary system where, in essence, we all become Massachusetts. By seamlessly weaving economics, law, and American history, "Easy Money" emerges as a groundbreaking reference point in the narrative of monetary systems.

Dimension: 229 x 152 x 30 (mm)
ISBN-13: 9780226825106