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Author : Henry Dunning Macleod
Publisher : Unknown
Page : 356 pages
File Size : 43,8 Mb
Release : 1889
Category : Banks and banking
ISBN : HARVARD:32044081960056
Author : Ludwig Von Mises
Publisher : Ludwig von Mises Institute
Page : 507 pages
File Size : 51,6 Mb
Release : 1953
Category : Credit
ISBN : 9781610163224
Author : Anonim
Publisher : Ludwig von Mises Institute
Page : 265 pages
File Size : 54,6 Mb
Release : 2024-07-01
Category : Electronic
ISBN : 9781610163316
Author : Henry Dunning Macleod
Publisher : Unknown
Page : 0 pages
File Size : 55,5 Mb
Release : 1889
Category : Credit
ISBN : OCLC:1436180475
Author : Andreas Rahmatian
Publisher : Routledge
Page : 260 pages
File Size : 50,9 Mb
Release : 2019-10-28
Category : Law
ISBN : 9780429594847
Money is a legal institution with principal economic and sociological consequences. Money is a debt, because that is how it is conceptualised and comes into existence: as circulating credit – if viewed from the creditor’s perspective – or, from the debtor’s viewpoint, as debt. This book presents a legal theory of money, based on the concept of dematerialised property. It describes the money creation or money supply process for cash and for bank money, and looks at modern forms of money, such as cryptocurrencies. It also shows why mainstream economics presupposes, but avoids an analysis of, money by effectively eliminating money from the microeconomic market model and declaring it as merely a neutral medium of exchange and unit of account. The book explains that money rather brings about and influences substantially the exchange or transaction it is supposed to facilitate only as a neutral medium. As the most liquid of all assets, money enables financialisation, monetisation and commodification in the economy. The central role of the banks in the money creation process and in the economy, and their strengthened position after the bank rescue measures in the wake of the financial crisis 2008-9 are also discussed. Providing a rigorous analysis of the most salient legal issues regarding money, this book will appeal to legal theorists, economists and anyone working in commercial or banking law.
Author : Henry Dunning MacLeod
Publisher : Legare Street Press
Page : 0 pages
File Size : 49,7 Mb
Release : 2023-07-18
Category : Electronic
ISBN : 1019405333
The Theory of Credit is a comprehensive study of economic theory and its practical applications. Written by Henry Dunning Macleod, a Scottish economist and journalist, this volume covers a wide range of topics, including the history of credit, the nature of capital, and the functions of banks. With its detailed analysis and innovative ideas, this book remains a valuable resource for students and scholars of economics. 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.
Author : Charles Rist
Publisher : Routledge
Page : 571 pages
File Size : 48,9 Mb
Release : 2016-11-10
Category : Business & Economics
ISBN : 9781315440941
Originally published in 1940, this book traces the development of theories concerning currency and credit from the beginning of the eighteenth century to the middle of the twentieth. It provides a comprehensive account of the political and economic conditions in which the theories and controversies arose, with the result that the work has become a classic in its field.
Author : Ludwig von Mises
Publisher : Simon and Schuster
Page : 460 pages
File Size : 45,7 Mb
Release : 2013-08-01
Category : Business & Economics
ISBN : 9781626365223
“It is impossible to grasp the meaning of the idea of sound money if one does not realize that it was devised as an instrument for the protection of civil liberties against despotic inroads on the part of governments.” – from The Theory of Money and Credit Originally published in 1912, Ludwig von Mises’s The Theory of Money and Credit remains today one of economic theory’s most influential and controversial treatises. Von Mises’s examination into monetary theory changed forever the world of economic thought when he successfully integrated “macroeconomics” into “microeconomics” —previously deemed an impossible task —as well as offering explanations into the origin, value and future of money. One hundred years later, von Mises and the Austrian school of economic theory are still fiercely debated by world economists in their search for the solution to America’s current financial crisis. His theorems continue to inspire politicians and market experts who aim to raise up the common man and reduce the financial power of governments. In a preface added in 1952, von Mises urges the people of the world to see economic truth: “The great inflations of our age are not acts of God. They are man-made or, to say it bluntly, government-made. They are the off-shoots of doctrines that ascribe to governments the magic power of creating wealth out of nothing and of making people happy by raising the ‘national income.’” “The best book on money ever written.” —Murray Rothbard, economist and historian “The greatest economist of the twentieth century.” —Sandeep Jaitly, economist
Author : Liang Wang,Randall Wright,Lucy Qian Liu
Publisher : International Monetary Fund
Page : 54 pages
File Size : 51,8 Mb
Release : 2017-01-27
Category : Business & Economics
ISBN : 9781475572339
We develop a theory of money and credit as competing payment instruments, then put it to work in applications. Buyers can use cash or credit, with the former (latter) subject to the inflation tax (transaction costs). Frictions that make the choice of payment method interesting also imply equilibrium price dispersion. We deliver closed-form solutions for money demand. We then show the model can simultaneously account for the price-change facts, cash-credit shares in micro payment data, and money-interest correlations in macro data. We analyze the effects of inflation on welfare, price dispersion and markups. We also describe nonstationary equilibria as self-fulfilling prophecies, which is standard, except here it entails dynamics in the price distribution.
Author : John Smithin
Publisher : Rowman & Littlefield
Page : 258 pages
File Size : 49,7 Mb
Release : 2018-09-15
Category : Business & Economics
ISBN : 9781498542821
This book provides a comprehensive re-working of the basic principles of monetary macroeconomics in an alternative monetary model (AMM) of economic growth, the business cycle, inflation and income distribution. These principles differ considerably from those advanced in the standard macroeconomics literature and in textbooks. However, the latter have been demonstrably unsuccessful in the promotion of usable macroeconomic policy advice for the past several years, actually decades. A different approach is needed. In particular, the new approach takes seriously the vital role of credit creation and endogenous money in capitalism. It does not imagine that all of the difficult questions of economic policy-making may be resolved within a paradigm that conceptualizes economic activity as merely a question of barter exchange. The result is a blueprint for a set of growth-friendly macroeconomic policies which will promote full employment, financial stability and higher real wages – essentially for the benefit of the long-suffering middle and working classes rather for the chamber of commerce and financial interests.
Author : Henry Dunning MacLeod
Publisher : Legare Street Press
Page : 0 pages
File Size : 51,9 Mb
Release : 2023-07-18
Category : Electronic
ISBN : 1020410051
Originally published in 1889, this classic work on economic theory is a fundamental text for understanding the history of credit and banking. In this volume, Macleod delves into the complex workings of credit and its relationship to money, offering insights that are still relevant today. 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.
Author : L. Albert Hahn
Publisher : Oxford University Press
Page : 160 pages
File Size : 44,7 Mb
Release : 2015-10-08
Category : Business & Economics
ISBN : 9780191034756
L. Albert Hahn published the first edition of the Economic Theory of Bank Credit in 1920 and a radically revised third edition in 1930. Economic Theory of Bank Credit is a clear exposition of a theory of credit and stands in the tradition of Harley Withers, Henry Macleod, and Knut Wicksell. A theory of credit recognizes that banks are not only intermediaries of savings but in fact create money themselves. This idea is paired with a detailed account of the technical processes of the banking sector. In Part Two, Hahn provides an economic account of the effects of credit creation on the economy: banks vary their credit creation activity for various reasons and cause fluctuations in overall economic activity. Hahn therefore develops a monetary theory of the business cycle in the spirit of Schumpeter. The first and third editions draw different conclusions about central bank policy. The first edition is optimistic that an ever-lasting boom could be achieved, whilst the third edition sees the core function of central bank policy as smoothing economic fluctuations. This edition, translated into English for the first time, enables the reader to revisit this classic contribution to monetary theory. It features a complete translation of the first edition, key elements of the third edition, and a new introduction by Professor Harald Hagemann.
Author : Alfred Mitchell Innes
Publisher : Edward Elgar Publishing
Page : 296 pages
File Size : 44,6 Mb
Release : 2004
Category : Business & Economics
ISBN : STANFORD:36105114348274
In 1913 and 1914, A. Mitchell Innes published a pair of articles that stand as two of the best pieces written in the twentieth century on the nature of money. Only recently rediscovered, these articles are reprinted and analyzed here for the first time. In addition, five new contributions analyze and extend the approach of Innes in a number of directions by including historical, anthropological, sociological, archeological, and economic analyses of the nature of money. The original articles by Innes contained two quite different approaches to money - what might be called the credit approach (later developed in a much less satisfactory manner by J.A. Schumpeter) and the state money approach (also called Chartalist and adopted by J.M. Keynes and by G.F. Knapp). This volume shows how the credit and state money approaches can be integrated to shed light on the origins of money, but more importantly, how they can be used to understand the way the modern money system operates. In addition to the articles by Innes, the volume contains chapters by John Henry, Geoffrey Ingham, Michael Hudson, Geoffrey Gardiner, and L. Randall Wray. An introduction by L. Randall Wray and Stephanie Bell provides an overview and a short biography of Innes. This authoritative collection of papers is a must-read for economists, policymakers and students interested in the history of economic thought, monetary policy and economic theory.
Author : Charles Rist
Publisher : Unknown
Page : 442 pages
File Size : 48,6 Mb
Release : 1966
Category : Electronic
ISBN : OCLC:257954482
Author : Padraig Belton
Publisher : Macat Library
Page : 0 pages
File Size : 45,6 Mb
Release : 2018-02-22
Category : Money
ISBN : 1912284723
In this book, the author's familiarity with the historical literature on banking and credit allows him to present a coherent theoretical structure that links private exchange between individuals, business and banks to condition the markets affecting money and credit.