Money: Whence It Came, Where it Went by John Kenneth Galbraith

“Money: Whence It Came, Where It Went” is a non-fiction book written by economist John Kenneth Galbraith, first published in 1975. The book explores the history and evolution of money, tracing its origins from the ancient civilizations of Mesopotamia and Egypt to the modern financial systems of the 20th century.

Galbraith argues that money is a social construct that has evolved over time, shaped by political, social, and economic factors. He explores the role of money in facilitating trade and commerce, and how it has been used to finance wars, fund public works, and drive economic growth.

The book also examines the role of banking and financial institutions in the development of modern economies, as well as the impact of inflation, deflation, and other economic phenomena on the value of money.

Galbraith’s writing is engaging and accessible, making complex economic concepts understandable to the lay reader. He uses a mix of historical examples and contemporary case studies to illustrate his arguments, and his insights into the role of money in modern society remain relevant today.

Overall, “Money: Whence It Came, Where It Went” is a fascinating and insightful exploration of the history and evolution of money. Galbraith’s analysis of the social, political, and economic forces that have shaped the development of modern financial systems is both thought-provoking and informative, and the book remains a valuable resource for anyone interested in understanding the role of money in our society.