Book the First: Of the Laws which Regulate a Currency Composed Entirely of the Precious Metals
A TREATISE
ON
CURRENCY AND BANKING.————
Book the Second: Of the Laws which Regulate a Mixed Currency Composed of the Precious Metals, and of Paper Convertible into Coin on Demand
OF THE LAWS WHICH REGULATE A MIXED CURRENCY COMPOSED OF THE PRECIOUS METALS, AND OF PAPER CONVERTIBLE INTO COIN ON DEMAND.
IN the former part of this work I pointed out the principles by which a currency composed entirely of the precious metals is regulated. I come now to speak of the laws which regulate a currency composed of coin and convertible paper, and here I wish it to be distinctly understood, that by convertible paper, I mean notes issued by banks, payable to bearer in coin on demand.
Book the Third: Of the Laws which Regulate a Currency Composed Entirely of Inconvertible Bank Paper
OF THE LAWS WHICH REGULATE A CURRENCY COMPOSED ENTIRELY OF INCONVERTIBLE BANK PAPER.
IN the first book I described the operation of a currency purely metallic, and in the second that of a mixed currency of coin and bank notes strictly convertible on demand into coin. I come now to describe the operation of a currency consisting wholly of inconvertible bank paper.
Book the Fourth
HAVING, in the foregoing three books, laid before the reader the laws which regulate a metallic, a mixed, and an inconvertible paper currency, respectively, together with such collateral subjects as appeared to me to be necessary to a full understanding of the whole question, I shall, in the present book, invite his attention to a few matters of a miscellaneous character, which do not exclusively belong to either of the foregoing classifications, and the substance of which will be found in the heading of the several chapters.
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Appendix
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A.
ON THE RELATIVE VALUE OF GOLD AND SILVER,
From the National Gazette, of January 26th, 1822.
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The Development of Economics
Copyright
COPYRIGHT, 1933, BY THE CENTURY CO. ALL RIGHTS RESERVED, INCLUDING THE RIGHT TO REPRODUCE THIS BOOK, OR PORTIONS THEREOF, IN ANY FORM. 317
PRINTED IN U. S. A
Preface
This book is the outcome of the author’s experience as a graduate student and as a teacher of graduate students for a period of forty years. That experience has strengthened an early conviction that for the training of an economist the historical approach to the subject is the best, and perhaps essential. In its development economics has passed through several stages, in each one of which the thinking of the past has been influenced and modified by the economic and social conditions of the period and by thinking in allied and sometimes quite remote fields.
Table of Contents
Chapter I: Introduction
Part I: The Background of The Classical Political Economy
Chapter II: The Mercantile System
Chapter III: The Reaction Against Mercantilism In France
Chapter IV: The Physiocratic System
Part II: The Development of The Classical Political Economy
Chapter VI: Adam Smith And The Evolution of The Wealth of Nations
Chapter VII: Analysis of The Wealth of Nations
Chapter VIII: The Period From 1776 To 1815
Chapter IX: David Ricardo And His theory of Distribution
