The Errors Of The Banking Acts Of 1844 5 As Exhibited In The Late Monetary Crisis

This book is a critique of the bank Acts of 1844-5, which established a system of centralized control over the banking system in England. Somers argues that these Acts were flawed and contributed to the financial crisis that occurred in the late 1840s. He critiques the economic theories that underpinned these Acts and challenges the assumptions that led to their implementation. Somers believes that a more flexible and decentralized banking system would be more effective and resilient. This work has been selected by scholars as being culturally important, and is part of the knowledge base of civilization as we know it. This work is in the "public domain in the United States of America, and possibly other nations. Within the United States, you may freely copy and distribute this work, as no entity (individual or corporate) has a copyright on the body of the work. Scholars believe, and we concur, that this work is important enough to be preserved, reproduced, and made generally available to the public. We appreciate your support of the preservation process, and thank you for being an important part of keeping this knowledge alive and relevant.

In this book, originally published in 1937, Jacob Viner traces, in a series of studies of contemporary source-material, the evolution of the modern orthodox theory of international trade from its beginnings in the revolt against English mercantilism in the 17th and 18th centuries, through the English currency and tariff controversies of the 19th century, to the late 20th century. The author offers a detailed examination of controversies in the technical literature centering on important propositions of the classical and neo-classical economists relating to the theory of the mechanism of international trade and the theory of gain from trade.

Re-issuing 15 seminal volumes in the history of economics, originally published between 1906 and 1983, but which still have enduring validity, the volumes in this set, by Edwin Cannan, Michal Kalecki, Simon Kuznets, Erik Lindahl, A. C. Pigou, Joan Robinson, Friedrich List, Knut Wicksell, Tibor Scitovsky and Jacob Viner discuss and examine: general problems of economics and in particular the theories of production, value, distribution, employment, interest, money, currency, credit and international trade key principles of economics in historical terms Swedish monetary theory major variables significant for the analysis of economic development business cycles origins of social organizations, the development of Robinson Crusoe economies and the conception of property or rightful ownership.