Charles A. Conant, Surplus Capital, and Economic Imperialism

Tags: The Fed, Money and Banks, U.S. History

06/26/2026 Murray N. Rothbard

Enter Charles A. Conant, theorist of “surplus capital.” Rothbard shows how Conant’s claim that mature economies must export capital abroad linked banking reform to economic imperialism—a theory that traveled from pro-imperialists to Wilshire, Hobson, and Lenin.

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