Economics in Perspective: A Critical HistoryThe author examines the development of economics from ancient Greece to the modern welfare state, arguing that its "history cannot be understood apart from the circumstances that shaped the economic beliefs of the time, including the powerful influences that bent those beliefs to what best served the financial advantage of those who espoused them." |
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Page 142
... central banks and much of the ... bank regulation . In return for various privileges , includ- ing in later times the exclusive right to issue notes , central banks came into existence , the Bank of England as the 142 ECONOMICS IN ...
... central banks and much of the ... bank regulation . In return for various privileges , includ- ing in later times the exclusive right to issue notes , central banks came into existence , the Bank of England as the 142 ECONOMICS IN ...
Page 143
... bank did so on behalf of the government . Once this seemingly innocent step had been taken , it was again all but ... central bank . In Britain such note issue by the Bank of England helped finance the wars against Louis XIV in the last ...
... bank did so on behalf of the government . Once this seemingly innocent step had been taken , it was again all but ... central bank . In Britain such note issue by the Bank of England helped finance the wars against Louis XIV in the last ...
Page 179
... - ity of the individual bank or banks in general to redeem their deposits in gold . If lending and resulting money creation seemed too liberal , government bonds from the portfolio of the central bank could 179 COMPLETION AND CRITICISM.
... - ity of the individual bank or banks in general to redeem their deposits in gold . If lending and resulting money creation seemed too liberal , government bonds from the portfolio of the central bank could 179 COMPLETION AND CRITICISM.
Contents
A Look at the Landscape I | 1 |
After Adam | 9 |
The Enduring Interim | 20 |
Copyright | |
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Common terms and phrases
Adam Smith agriculture Alfred Marshall American antitrust Britain called capital capitalist central bank Chapter classical economics classical orthodoxy classical system classical tradition competition consequence corporate cost David Ricardo defense demand depression earlier Early Economic Thought economic ideas economists effect employment enterprise equilibrium Eric Roll exchange expenditure farm Federal finance François Quesnay Germany gold Harvard history of economics important income increase industrial countries inflation influence influential interest rates John Maynard Keynes Keynes's Keynesian labor land last century later major Malthus marginal Marx Marx's matter ment mercantilist merchants microeconomics modern monetarism monetary monopoly nomic noted oligopoly perhaps Physiocrats Political Economy problem production professor profits reform result revenue Revolution Ricardo role Say's Law scholars Schumpeter silver social strongly supply tariff tendency theory Thorstein Veblen tion underemployment equilibrium United University Veblen Wealth of Nations welfare workers York