The E-Sylum:  Volume 8, Number 12, March 21, 2005, Article 8

WORK IN PROGRESS: GOOD MONEY:

The web address listed below holds links to sample chapters
of a new book in progress about the private copper coinage
of 18th-century England. The author is E-Sylun subscriber
George Selgin, Professor of Economics at The Terry College
of Business at University of Georgia. On the web site he
writes:

"Two recent works, Angela Redish's Bimetallism (Cambridge
University Press 2000) and Thomas Sargent and François
Velde's The Big Problem of Small Change (Princeton
University Press 2002) discuss Britain's 18th-century small-
change problem and how it delayed the emergence of the
gold standard. Both mention the private copper coinage,
but wrongly assume that its success was due to the invention,
by Matthew Boulton, of the steam-driven coining press
rather than to the competitive nature of the private coinage
regime. My Economic History Review paper, "Steam, Hot
Air, and Small Change: Matthew Boulton and the Reform
of Britain's Coinage." refutes this view and explains the real
reasons behind the superiority of the private copper coinage."

The book is to be titled "GOOD MONEY: Birmingham
Button Makers, the Royal Mint, and the Beginnings of
Modern Coinage 1775-1821."

GOOD MONEY

  Wayne Homren, Editor

	coinbooks.org Web

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