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PREFACE BY THE AUTHOR WITH the present collection the publication of Sumner’s Essays comes to an end. The original project of publishers and editor contemplated but a single volume — ” War and Other Essays ” — and they accordingly equipped that volume with a bibliography which was as complete as they then could,...
INTRODUCTION. POLITICAL ECONOMY is the science which treats of general or national wealth, general or aggregate as distinguished from individual, as the term Political implies. This science is directed chiefly against, or has reference to the errors of statesmen or legislators, as connected with trade or the industry of mankind ; and, however extensive,...
INTRODUCTION With the possible exception of the tariff, no one question has so repeatedly confronted the American people as has the problem of establishing a satisfactory system of currency and banking. It has seemed unusually difficult to devise a plan that contains the fundamental requisites of safety, uniformity, and practicability. The proposal to regulate...
INTRODUCTORY NOTE BY THE AUTHOR The attention of the people of the United States at the present time is drawn, with ever increasing interest, to the commercial and financial institutions of foreign countries. This is due, primarily, to the fact that the industrial growth of this country has brought her to the point when...
The purpose of this booklet is to describe the basic process of money creation in a “fractional reserve” banking system. The approach taken illustrates the changes in bank balance sheets that occur when deposits in banks change as a result of monetary action by the Federal Reserve System – the central bank of the...
Federal Reserve Bank of New York Presents a fable about the island kingdom of Mazuma and the growth of its economy from barter to a sophisticated modern system, with its own central bank, to illustrate basic concepts of barter, money, banking, and inflation. Please Activate the Full Screen Mode for Better Viewing Pleasure (2nd...
Preface By the Author In this little book the writer hopes to place before the reader a concise embodiment of relevant fact and information of educational value in the pending central bank controversy. To eliminate the non-essentials and set down the concrete and practical has been his aim. To him these are: The defects...
FOREWORD THIS book is written in the form of a conversation between Uncle Sam and six men of various occupations. It begins with the A, B, C of the subject and by question and answer goes over all the different phases of the subject precisely as you would expect them to arise under such...
CONTENTS CHAPTER I PAGE EARLY YEARS CHAPTER II – THE BEGINNING OF A CAREER CHAPTER III – THEOLOGY AND RELIGIOUS ESTABLISHMENTS CHAPTER IV – “THE THEORY OF MORAL SENTIMENTS” CHAPTER V – IN THE GLASGOW CHAIR THE LECTURES ON JUSTICE AND POLICE CHAPTER VI – GLASGOW AND ITS UNIVERSITY CHAPTER VII – THE TOUR...
Synopsis 1. The Evolution of the Money Market. 2. The Importance of the Banking Element. 3. The Origin and Development of Banking. 4. Banking and the Bank of England 5. How the Banker Obtains His Funds. 6. How the Banker Uses His Funds. 7. The Bank of England. 8. Management of the Bank of...
PREFACE The idea expressed and the conclusions arrived at in this work, are the result of many years of careful thought and study, coupled with practical and varied experience of a very busy in connection with industrial, commercial, and financial affairs, both here and abroad. It is now nearly a quarter of a century,...
PREFACE By Professor H. S Foxwell MR. POWNALL has asked me to write a few words of preface to this issue in printed form of three lectures delivered by him at the London School of Economics last February. Such a request, coming from a colleague and an old friend, it was impossible to refuse....
Preface by O’Howard Wolfe This book is not the result of any preconceived theories on methods of education in banking. Neither does it make any pretense of being complete as to the subjects covered nor exhaustive in its treatment of them. It is based on fifteen years of practical experience, beginning with a small...
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