9781330556399 - The Principles and Practical Operation of Sir Robert Peel's Act of 1844, Explained and Defended (Classic Reprint) de Torrens, R. (3 resultados)

PAP. Condición: New. New Book. Shipped from UK. Established seller since 2000.

PAP. Condición: New. New Book. Shipped from UK. Established seller since 2000.

Paperback. Condición: New. Print on Demand. This book delves into the 1844 Act that reformed the standards and practices of England's banking system. The author's main focus is to compare and contrast the principles of convertible paper currency with inconvertible paper currency. The author provides a detailed history of the evolution of currency and banking practices and also makes the case for the separation of the functions of issue and discount. Along the way, he provides a critique of other economic thinkers of the day, including David Ricardo and James Mill. Ultimately, the author argues that a convertible paper currency backed by metallic money is superior to an inconvertible paper currency, and provides more stability and security for the financial system. 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.