The abc of money: lessons from a tycoon - andrew carnegie

It seems a simple question -- what is money?-- but the answer is more complicated than youd think.

In 1891, Americas greatest self-made man, steel tycoon Andrew Carnegie, took on the subject in this essay.

Here, he explains: - the historical basis for money as a medium of exchange - the difference between money and currency - the trouble governments get into when they make money - the problems that coming with backing currency with silver - the good sense of the gold standard - and more.

The ABC of Money: Lessons from a Tycoon offers a highly readable discussion of a basic concept of economics.

Also from Cosimo: Carnegies Round the World , Triumphant Democracy , James Watt, An American Four-in-Hand in Britain , The Empire of Business , The Gospel of Wealth , and the Autobiography of Andrew Carnegie .