Sinopsis
Excerpt from The Money Problem
Up to that time, business in the United States had been fairly prosperous, and the monthly addition of several millions Of dollars to the currency, provided by the Sherman Silver Purchasing Act, increased the facilities required by the nation's growing industries. But these facilities were viewed with great disfavour by the banks, since they served to lessen the demand for bank credit - upon which bankers thrive. To their complaints and direful prophecies thebusiness community paid little heed, since the Treasury Silver notes were circulating as readily as Gold notes. From neither of the two great political parties could the banks expect any sympathy or support. One course only remained, and that was to capture the successful candidate for the Presidency and depend upon his influence to procure the necessary legislation.
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Forgotten Books publishes hundreds of thousands of rare and classic books. Find more at www.forgottenbooks.com
This book is a reproduction of an important historical work. Forgotten Books uses state-of-the-art technology to digitally reconstruct the work, preserving the original format whilst repairing imperfections present in the aged copy. In rare cases, an imperfection in the original, such as a blemish or missing page, may be replicated in our edition. We do, however, repair the vast majority of imperfections successfully; any imperfections that remain are intentionally left to preserve the state of such historical works.
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Reseña del editor
Excerpt from The Money Problem
Up to that time, business in the United States had been fairly prosperous, and the monthly addition of several millions Of dollars to the currency, provided by the Sherman Silver Purchasing Act, increased the facilities required by the nation's growing industries. But these facilities were viewed with great disfavour by the banks, since they served to lessen the demand for bank credit - upon which bankers thrive. To their complaints and direful prophecies thebusiness community paid little heed, since the Treasury Silver notes were circulating as readily as Gold notes. From neither of the two great political parties could the banks expect any sympathy or support. One course only remained, and that was to capture the successful candidate for the Presidency and depend upon his influence to procure the necessary legislation.
About the Publisher
Forgotten Books publishes hundreds of thousands of rare and classic books. Find more at www.forgottenbooks.com
This book is a reproduction of an important historical work. Forgotten Books uses state-of-the-art technology to digitally reconstruct the work, preserving the original format whilst repairing imperfections present in the aged copy. In rare cases, an imperfection in the original, such as a blemish or missing page, may be replicated in our edition. We do, however, repair the vast majority of imperfections successfully; any imperfections that remain are intentionally left to preserve the state of such historical works.
Reseña del editor
Excerpt from The Money Problem
Here is a book which disturbs classifications, which is unorthodox, which sets aside some very widely received opinions as of little worth, and which presents its own side of certain vital questions with a persistency and logical force from which it is hard for an unprejudiced reader to escape.
Despite the fact that we have long since learned to discredit the school of Adam Smith and Ricardo, we cling desperately to certain fallacies which lie at the base of their systems. We perceive that Adam Smith enunciated theories which, whether true or not at his time and under the conditions which he had in mind, are utterly false as applied to the United States to-day. Yet we continue to regard Adam Smith with a sort of filial piety as the father of political economy, whose every utterance bears the stamp of inspiration. We know perfectly well that Ricardo's Theory of Rent is as untenable as Malthus' Theory of Population; yet we hesitate to relegate both to the same limbo. Tradition is nowhere more powerful than in that experimental bundle of theories which we misname the Science of Political Economy, yet it is of the first importance that tradition be not suffered to blind us to the invaluable results of experience.
It is against tradition that Mr. Kitson squarely sets his argument. He sees - what many of us have been seeing for a long while - that the great source of traditional error is in the conception of the nature of value. If he had done nothing more than point out the broad distinction between the terms value and purchasing power, he would have deserved well of a long-suffering people.
About the Publisher
Forgotten Books publishes hundreds of thousands of rare and classic books. Find more at www.forgottenbooks.com
This book is a reproduction of an important historical work. Forgotten Books uses state-of-the-art technology to digitally reconstruct the work, preserving the original format whilst repairing imperfections present in the aged copy. In rare cases, an imperfection in the original, such as a blemish or missing page, may be replicated in our edition. We do, however, repair the vast majority of imperfections successfully; any imperfections that remain are intentionally left to preserve the state of such historical works.
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The Money Problem (Classic Reprint)
Impresión bajo demandaLibrería: Forgotten Books, London, Reino Unido
Calificación del vendedor: 4 de 5 estrellas
Paperback. Condición: New. Print on Demand. This book is a thought -provoking exploration of the relationship between wealth and poverty in the context of the economic systems of the late nineteenth century. The author challenges the prevailing theories of political economy, arguing that they fail to adequately address the persistent problem of poverty despite a dramatic increase in overall wealth. The book explores how the prevailing economic theories of the time ââ â focusing on supply and demand, the gold standard, and free trade ââ â perpetuate a system that favors the wealthy at the expense of the working class. The author contends that the fundamental flaw in these theories lies in their failure to recognize the true nature of value and the role of money in the distribution of wealth. Through a clear and concise analysis of the economic systems of the era, the author demonstrates that the current system is fundamentally unjust and unsustainable, ultimately leading to social unrest and periodic economic crises. The book's insights offer a compelling critique of the prevailing economic ideas of the time, and its exploration of the relationship between value, money, and wealth continues to hold relevance for understanding economic systems today. This book is a reproduction of an important historical work, digitally reconstructed using state-of-the-art technology to preserve the original format. In rare cases, an imperfection in the original, such as a blemish or missing page, may be replicated in the book. print-on-demand item. Nº de ref. del artículo: 9781330070932_0
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The Money Problem Classic Reprint
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PAP. Condición: New. New Book. Shipped from UK. Established seller since 2000. Nº de ref. del artículo: LW-9781330070932
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The Money Problem Classic Reprint
Librería: PBShop.store UK, Fairford, GLOS, Reino Unido
Calificación del vendedor: 5 de 5 estrellas
PAP. Condición: New. New Book. Shipped from UK. Established seller since 2000. Nº de ref. del artículo: LW-9781330070932
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