In mainstream economic theory money functions as an instrumentfor the circulation of commodities or for keeping a stock of liquidwealth. In neither case is it considered fundamental to theproduction of goods or the distribution of income. Augusto Grazianichallenges traditional theories of monetary production, arguingthat a modern economy based on credit cannot be understood withouta focus on the administration of credit flows. He argues thatmarket asset configuration depends not upon consumer preferencesand available technologies but on how money and credit are managed.A strong exponent of the circulation theory of monetary production,Graziani presents an original and perhaps controversial argumentthat will stimulate debate on the topic.

This is the autobiography of the larger-than-life, visionaryfinancier and philanthropist who led the World Bank through one ofits most intense and tumultuous decades in the struggle againstglobal poverty. As President of the World Bank for a decade, JamesWolfensohn tackled global poverty and its consequences with apassion and energy that made him a uniquely important figure inthis fundamental arena of change. Now the renowned financier,philanthropist and public citizen writes of his life and hisbeliefs in an autobiography with international appeal.Born inAustralia, Wolfensohn was an Olympic fencer, a skilled cellist anda man of surpassing imagination and drive, who was educated at theUniversity of Sydney and at Harvard and became a prominent bankerin London and New York. He served as chairman of the Kennedy Centreand Carnegie Hall and amassed a reputation for effective leadershipin the private and non-profit sectors. But it was his tenure at theWorld Bank that made him an international force. Since its

Friedman makes clear once and for all that no one is immunefrom monetary economics-that is, from the effects of its theory andits practices. He demonstrates through historical events themischief that can result from misunderstanding the monetary system.Index.

Galbraith's classic on the "economics of abundance" is, in thewords of the New York Times, "a compelling challenge toconventional thought." With customary clarity, eloquence, andhumor, Galbraith cuts to the heart of what economic security means(and doesn't mean) in today's world and lays bare the hazards ofindividual and societal complacence about economic inequity. While"affluent society" and "conventional wisdom" (first used in thisbook) have entered the vernacular, the message of the book has notbeen so widely embraced--reason enough to rediscover The AffluentSociety.