Introduction Men are seen in their most improved condition, when associated together in large communities. The excitements of competition are then most strongly felt — enterprise and exertion are called forth and liberally rewarded. It is then that leisure and opportunity are found for the exercise and improvement of the mental powers ; thus knowledge...
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Preface There are few things of which I have occasion to advertize the Reader, before he enters upon the perusal of the following Work. My object has been to compose a school-book of Political Economy; to detach the essential principles of the science from all extraneous topics, to state the propositions clearly and in their logical...
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My object in publishing the following Discourse has been to furnish the Students of Political Economy with a general view of the principles on which the science is founded; the distinguishing features of the most celebrated theories that have been advanced to explain its various results ; the distinction between it and Politics; the...
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THE immense accumulation of the Public Debts, and the depressed state of Public Credit, of the Revenue, and of the Funds, . at the close of the last War, together with the loss of several extensive and populous Colonies in North America, led some of the ablest and most experienced men in the Kingdom,...
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PREFACE THE principles of the following Work have appeared in former publications, but are more fully developed in this. Those publications have not been generally read, but were not, perhaps, without their effect. They at least have furnished the sub-stratum of more than one popular essay: if any writings on subjects of Political Economy can...
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FOREWORD Twenty-five years ago today Woodrow Wikon, in the presence of members of his Cabinet, chief executive officers, and leaders of the United States Senate and House of Representatives, approved the Federal Reserve Act. Three solid gold penholders and pens had been prepared for the occasion. Three original copies of this act were printed...
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INTRODUCTION No man ever had his work, while under way, more misjudged than mine has been; experts of all kinds have made maps to show where I was wrong in my calculations and estimates, yet my estimates were correct. All worked out much better than I anticipated, and I wonder what I could have...
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A successful banker is composed of about one-fifth accountant, two-fifths lawyer, three-fifths political economist, and four-fifths gentleman and scholar — total ten-fifths — double size. Any smaller person may be a pawnbroker or a promoter, but not a banker. — George E. Allen. LINK http://bikibook.com/books/banking-for-beginners/ EMBED
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ABSTRACT This paper presents a simple, intuitive theory of business risk. The results are used to explain empirical observations of Beaver on the power of various financial ratios to predict failure of firms, and to hypothesize improved predictive ratios for use in selecting attractive risk situations and in determining appropriate risk premiums. LINK http://bikibook.com/books/a-simple-theory-of-financial-ratios-as-predictors-of-failure/ EMBED
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PREFACE The purpose of this study is two-fold : to develop the principles of bank credit considered in the abstract and to set forth the main factors underlying the loans made, the credit extended, by banks to borrowers. Part One is devoted mainly to an explanation of the way in which cash in banks...
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INTRODUCTORY The black central field and the red ring, together, represent the country’s money supply; consisting partly of coin, or certificates backed by coin; partly of bank notes; and partly of bank money (deposits in commercial banks, “money in bank”). The black central field represents such of the country’s cash funds as are available...
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A London financial expert soon after the passage of the Federal Reserve Act wrote these significant words :
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PREFACE This book has been put together from talks given to the writer’s salesmen. The aim has been to discuss clearly and simply the leading classes of investment bonds. In trying to carry out this aim, the writer has confined himself mostly to a discussion of the factors entering into the intrinsic value of...
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ONE HUNDRED YEARS OF AMERICAN COMMERCE CONSISTING OF ONE HUNDRED ORIGINAL ARTICLES ON COMMERCIAL TOPICS DESCRIBING THE PRACTICAL DEVELOPMENT OF THE VARIOUS BRANCHES OF TRADE IN THE UNITED STATES WITHIN THE PAST CENTURY AND SHOWING THE PRESENT MAGNITUDE OF OUR FINANCIAL AND COMMERCIAL INSTITUTIONS WITH A CHRONOLOGICAL TABLE OF THE IMPORTANT EVENTS OF AMERICAN...
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INTRODUCTORY The meaning of Money is not a question of economic theory. The object of this volume is to explain a matter of plain, positive, practical fact, which is very important, very dull and very little understood ; and to do so as clearly as may be, and with the least possible use of...
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