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	<title>Bikibook.com &#187; Capital Political Economics</title>
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		<title>Elements of Political Economy by Samuel Philips Newman</title>
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		<pubDate>Sat, 22 May 2010 04:18:44 +0000</pubDate>
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				<category><![CDATA[Political Economics]]></category>
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		<description><![CDATA[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 is increased and spread abroad, and the various arts and sciences cultivated and advanced towards perfection. In this state, too, the social affections are freely indulged, and the refined love of country, of family and friends, is awakened and cherished. But what a family is here to be provided for ! and how immense the amount of its daily consumption ! How many bales of cloth must be furnished for its use ! What toil and skill are required to construct habitations for its shelter ! How many hands must be employed in fabricating the ten thousand little conveniences of life within and about these habitations! READ THE FULL BOOK BELOW Please Activate the Full Screen Mode for Better Viewing Pleasure (2nd button from the left) LINK http://bikibook.com/books/elements-of-political-economy-samuel-newman/ EMBED Related posts:Elements of Political Economy by James Mill Preface There are few things of which I [...]


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<li><a href='http://bikibook.com/a-discourse-on-the-rise-progress-peculiar-objects-and-importance-of-political-economy-1403.html' rel='bookmark' title='Permanent Link: A Discourse on the Rise Progress Peculiar Objects and Importance of Political Economy'>A Discourse on the Rise Progress Peculiar Objects and Importance of Political Economy</a> <small>My object in publishing the following Discourse has been to...</small></li>
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		<title>Elements of Political Economy by James Mill</title>
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		<pubDate>Sat, 22 May 2010 04:07:42 +0000</pubDate>
		<dc:creator>Bikibook</dc:creator>
				<category><![CDATA[Political Economics]]></category>
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		<description><![CDATA[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 order, and to subjoin its demonstration to each. I am myself persuaded, that nothing more is necessary for understanding every part of the book, than to read it with attention — such a degree of attention as persons of either sex, of ordinary understanding, are capable of bestowing. They who are commencing the study ought to proceed slowly, and to familiarize themselves with the new combinations of ideas as they are successively presented to them. If they proceed to a subsequent proposition before they are sufficiently imbued with the first, they will of course experience difficulty, only because they have not present to their memory the truth which is calculated to remove it. If they who begin the study of mathematics were to content themselves with merely reading and assenting to the demonstrations, they would soon arrive at doctrines which they would be unable [...]


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<li><a href='http://bikibook.com/a-discourse-on-the-rise-progress-peculiar-objects-and-importance-of-political-economy-1403.html' rel='bookmark' title='Permanent Link: A Discourse on the Rise Progress Peculiar Objects and Importance of Political Economy'>A Discourse on the Rise Progress Peculiar Objects and Importance of Political Economy</a> <small>My object in publishing the following Discourse has been to...</small></li>
<li><a href='http://bikibook.com/capital-currency-and-banking-by-james-wilson-1100.html' rel='bookmark' title='Permanent Link: Capital, Currency and Banking by James Wilson'>Capital, Currency and Banking by James Wilson</a> <small>INTRODUCTION THE articles upon Capital, Currency, and Banking, which have...</small></li>
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		<title>A Discourse on the Rise Progress Peculiar Objects and Importance of Political Economy</title>
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		<pubDate>Tue, 18 May 2010 13:25:08 +0000</pubDate>
		<dc:creator>Bikibook</dc:creator>
				<category><![CDATA[Economics]]></category>
		<category><![CDATA[Political Economics]]></category>
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		<description><![CDATA[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 utility of its study to all ranks and orders of the community ; and the plan I follow in teaching it, both in my public and private classes. I had previously attempted to do this in an Introductory Lecture to the Course I have delivered here and in London ; but it was impossible, in so narrow a space, to touch on many topics that I have here discussed at considerable length, or to treat others so fully as their importance seemed to require. Though the Discourse is chiefly intended for the use of those who may attend my classes) I am not without hopes that it may be of service to others. If the interest and importance of the subjects of which it treats be any test of the interest and importance of a science, Political Economy will be found to have the strongest possible [...]


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<li><a href='http://bikibook.com/elements-of-political-economy-james-mill-1450.html' rel='bookmark' title='Permanent Link: Elements of Political Economy by James Mill'>Elements of Political Economy by James Mill</a> <small>Preface There are few things of which I have occasion...</small></li>
<li><a href='http://bikibook.com/history-of-the-rise-progress-and-present-state-of-banking-in-all-parts-of-the-world-1179.html' rel='bookmark' title='Permanent Link: History of the Rise, Progress, and Present State of Banking in All Parts of the World'>History of the Rise, Progress, and Present State of Banking in All Parts of the World</a> <small>BANK, Bankers, Banking. The term bank has two distinct significations;...</small></li>
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		<title>A Brief Examination Into the Increase of Revenue, Commerce and Navigation</title>
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		<pubDate>Tue, 18 May 2010 13:05:22 +0000</pubDate>
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				<category><![CDATA[Economics]]></category>
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		<description><![CDATA[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, not in general inclined to despondency, to doubt whether it would be possible for Great Britain, reduced apparently to the lowest ebb by a succession of misfortunes, and by expences unprecedented in any former time, ever to regain Prosperity at home or Influence abroad. The events, however, which have since happened, (hew as well the effect which may be produced by a resolution to encounter the difficulties of the most embarrassed situation, as the extent of the resources to be derived from a spirit of national industry and enterprise. The Object of the following Statement is to direct the attention of the Public to the present circumstances of the Country, with respect to its Finances and Commerce, compared with the period above alluded to, as an inducement to perseverance in the same laudable exertions; and at the fame time to bring to recollection some of the [...]


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		<title>Views on the Currency by Thomas Joplin</title>
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		<pubDate>Mon, 05 Apr 2010 06:10:34 +0000</pubDate>
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				<category><![CDATA[Banking, Currency and Foreign Exchange]]></category>
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		<description><![CDATA[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 be called popular. With the writings of the modern political economists, this work has nothing in common. However much the author may admire the talents and ingenuity which have been displayed by Messrs Ricardo, Mill, Tooke, Torrens, and M&#8217;Culloch, he is compelled to dissent from the chief part of their doctrines. Indeed it would hardly be fair to stop at them. The science of political economy was corrupted at its fountain head, and all which can be said is, that they have not freed it from its corruptions. Dr Adam Smith, in his Wealth of Nations, throws much light upon political science, but more darkness ; and his errors and obscurities unfortunately have reference to the most important parts of his subject. The Wealth of Nations is a work, notwithstanding, of great genius ; the best proof of which is, that men of genius have [...]


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		<title>National Economy and the Banking System of the United States by Robert Latham Owen</title>
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		<pubDate>Sat, 27 Mar 2010 17:01:41 +0000</pubDate>
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		<description><![CDATA[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 in parchment and signed by Hon. Champ Clark, Speaker of the House of Representatives; Hon. Thomas R. Marshall, President of the Senate; and the President of the United States. One of these copies went to the Secretary of State, Hon. William. Jennings Bryan, for permanent record. One of the copies was presented to Hon. Carter Glass, chairman of the Committee on Banking: and Currency of the House of Representatives, and one was presented to the chairman of the Committee on Banking and Currency of the United States Senate. One of the gold pens was given to Hon. William Gibbs McAdoo, Secretary of the Treasury; one to Hon. Carter Glass ; and one to the chairman of the Senate committee. This act was generally regarded as the greatest achievement of that administration. Under this act $40,000,000,000 of liquid money was created to finance the World War. It [...]


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		<title>Cannibals of Finance &#8211; Fifteen Years&#8217; Contest with Money Trust by Arthur Edward Stilwell</title>
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		<pubDate>Wed, 17 Mar 2010 14:23:20 +0000</pubDate>
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				<category><![CDATA[Banking, Currency and Foreign Exchange]]></category>
		<category><![CDATA[Corporate Finance]]></category>
		<category><![CDATA[Market Panics / Crashes]]></category>
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		<description><![CDATA[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 done for this nation had I been left alone in peace, to serve the money entrusted to me; or had I back of me people strong enough to have said &#8220;Hands off.&#8221; Let me take your time to give you my view-point of life; then the balance I write will be clearer to you. As the world advances in civilization and population, new conditions need new utilities. Men always reaching out for advancement send out their desire into the realm of thought. Cities grow, population increases; it takes men a long time to go to and from their business. They feel the need of quicker transit, and day by day this desire shapes itself until some morning the city awakes and finds some man has solved part of the problem; as McAdoo solved the great problem of interstate tubes between New York and Jersey City. Now, [...]


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		<title>Banking For Beginners by J. F. Ebersole</title>
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		<pubDate>Mon, 15 Mar 2010 15:52:23 +0000</pubDate>
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		<description><![CDATA[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 Related posts:Elementary Banking by American Institute Banking PREFACE THE Institute course of study in Elementary Banking, was... Elementary Banking by Howard Wolfe Preface by O&#8217;Howard Wolfe This book is not the result... Banking Reform; An Essay On Prominent Banking Dangers by AJ Wilson PREFACE By the Author The following pages deal with some...


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<li><a href='http://bikibook.com/banking-reform-an-essay-on-prominent-banking-dangers-by-aj-wilson-970.html' rel='bookmark' title='Permanent Link: Banking Reform; An Essay On Prominent Banking Dangers by AJ Wilson'>Banking Reform; An Essay On Prominent Banking Dangers by AJ Wilson</a> <small>PREFACE By the Author The following pages deal with some...</small></li>
</ol>]]></description>
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		<title>A Simple Theory of Financial Ratios as Predictors of Failure by Jarrod W. Wilcox</title>
		<link>http://bikibook.com/a-simple-theory-of-financial-ratios-as-predictors-of-failure-by-jarrod-w-wilcox-857.html</link>
		<comments>http://bikibook.com/a-simple-theory-of-financial-ratios-as-predictors-of-failure-by-jarrod-w-wilcox-857.html#comments</comments>
		<pubDate>Mon, 15 Mar 2010 15:48:22 +0000</pubDate>
		<dc:creator>Bikibook</dc:creator>
				<category><![CDATA[Business]]></category>
		<category><![CDATA[Corporate Finance]]></category>
		<category><![CDATA[Stock Market and Other Trading Markets]]></category>
		<category><![CDATA[Capital Political Economics]]></category>
		<category><![CDATA[corporate finance]]></category>
		<category><![CDATA[fiat money]]></category>
		<category><![CDATA[financial markets]]></category>
		<category><![CDATA[Investment]]></category>
		<category><![CDATA[stock market]]></category>
		<category><![CDATA[stock markets]]></category>

		<guid isPermaLink="false">http://bikibook.com/?p=857</guid>
		<description><![CDATA[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 Related posts:The Stock Market Barometer : A Study of Its Forecast Value Based on Charles H. Dow&#8217;s Theory of the Price Movement CYCLES AND STOCK MARKET RECORDS AN English economist whose unaffected... Wall Street and The Country A Study of Recent Financial Tendencies &#8211; By Charles A. Conant PREFACE The essays contained- in this volume were written for... The Theory and Practice of Banking Vol 1 by Henry Dunning Macleod INTRODUCTION THE following work is an attempt to explain, in...


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<li><a href='http://bikibook.com/wall-street-and-the-country-a-study-of-recent-financial-tendencies-by-charles-a-conant-733.html' rel='bookmark' title='Permanent Link: Wall Street and The Country A Study of Recent Financial Tendencies &#8211; By Charles A. Conant'>Wall Street and The Country A Study of Recent Financial Tendencies &#8211; By Charles A. Conant</a> <small>PREFACE The essays contained- in this volume were written for...</small></li>
<li><a href='http://bikibook.com/the-theory-and-practice-of-banking-vol-1-by-henry-dunning-macleod-1326.html' rel='bookmark' title='Permanent Link: The Theory and Practice of Banking Vol 1 by Henry Dunning Macleod'>The Theory and Practice of Banking Vol 1 by Henry Dunning Macleod</a> <small>INTRODUCTION THE following work is an attempt to explain, in...</small></li>
</ol>]]></description>
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		<title>Bank Credit: A Study Of The Principles And Factors Underlying Advances Made By Banks To Borrowers By Chester Arthur Phillips, PH.D.</title>
		<link>http://bikibook.com/bank-credit-a-study-of-the-principles-and-factors-underlying-advances-made-by-banks-to-borrowers-by-chester-arthur-phillips-ph-d-887.html</link>
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		<pubDate>Mon, 15 Mar 2010 15:45:06 +0000</pubDate>
		<dc:creator>Bikibook</dc:creator>
				<category><![CDATA[Banking, Currency and Foreign Exchange]]></category>
		<category><![CDATA[Corporate Finance]]></category>
		<category><![CDATA[Bank Failures]]></category>
		<category><![CDATA[banking system]]></category>
		<category><![CDATA[Banks]]></category>
		<category><![CDATA[Capital Political Economics]]></category>
		<category><![CDATA[corporate finance]]></category>

		<guid isPermaLink="false">http://bikibook.com/?p=887</guid>
		<description><![CDATA[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 becomes the basis of manifold loans and deposits, and to a statement of the relation of loans to the other principal items of the bank balance sheet. The burden of Part Two is a consideration of the factors underlying and affecting the soundness of the contents of banks 7 portfolios. It has seemed natural and logical to give a somewhat detailed account of recent changes in our bank credit arrangements, including the evolution of the form of the bank borrower&#8217;s obligation, the growth of the note brokerage business, the establishment of the bank credit department, and the rise of the new business department and its effects on the quality of bank loans. The work of note brokers acting as middlemen between borrowers and banks has been given what seems a deservedly large place. The structure of Part One is built in part on old and familiar [...]


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<li><a href='http://bikibook.com/a-study-on-the-central-bank-of-japan-by-itsuo-hamaoka-490.html' rel='bookmark' title='Permanent Link: A Study on the Central Bank of Japan by Itsuo Hamaoka'>A Study on the Central Bank of Japan by Itsuo Hamaoka</a> <small>INTRODUCTORY NOTE BY THE AUTHOR The attention of the people...</small></li>
<li><a href='http://bikibook.com/principles-of-banks-and-banking-of-money-as-coin-and-paper-1292.html' rel='bookmark' title='Permanent Link: Principles of Banks and Banking of Money, as Coin and Paper'>Principles of Banks and Banking of Money, as Coin and Paper</a> <small>THE metals have so long performed the use of money,...</small></li>
</ol>]]></description>
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		<title>A Neglected Point In Connection With Crises by Johannsen</title>
		<link>http://bikibook.com/a-neglected-point-in-connection-with-crises-by-johannsen-790.html</link>
		<comments>http://bikibook.com/a-neglected-point-in-connection-with-crises-by-johannsen-790.html#comments</comments>
		<pubDate>Mon, 08 Mar 2010 09:50:07 +0000</pubDate>
		<dc:creator>Bikibook</dc:creator>
				<category><![CDATA[Banking, Currency and Foreign Exchange]]></category>
		<category><![CDATA[Market Panics / Crashes]]></category>
		<category><![CDATA[Stock Market and Other Trading Markets]]></category>
		<category><![CDATA[Accumulation Capital]]></category>
		<category><![CDATA[Banking]]></category>
		<category><![CDATA[banking system]]></category>
		<category><![CDATA[Banks]]></category>
		<category><![CDATA[Capital Political Economics]]></category>
		<category><![CDATA[corporate finance]]></category>
		<category><![CDATA[Crash]]></category>
		<category><![CDATA[Currency]]></category>
		<category><![CDATA[speculation]]></category>
		<category><![CDATA[stock market]]></category>

		<guid isPermaLink="false">http://bikibook.com/?p=790</guid>
		<description><![CDATA[INTRODUCTORY The black central field and the red ring, together, represent the country&#8217;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, &#8220;money in bank&#8221;). The black central field represents such of the country&#8217;s cash funds as are available for investment, or for lending purposes; the red ring, all cash funds not so available and all other money in the country. The lines between the centre and the ring show the movements of money in connection with the processes of saving and investing; the wider the lines, the greater the values they represent The Money Market (central field) is fed principally by the red lines, savings, which carry funds from the ring to the centre; it is drained by the black lines, which carry the money back from the centre to the ring. Most of the black lines, but not all of them, represent investments. The red ring shows, by means of the large arrows, the circulation of money in the regular course of business. It is divided into two sections, pink and carmine. The latter represents the money that happens to be, at a [...]


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</ol>]]></description>
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		<title>American Banking by Parker Willis</title>
		<link>http://bikibook.com/american-banking-by-parker-willis-770.html</link>
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		<pubDate>Sat, 06 Mar 2010 06:56:33 +0000</pubDate>
		<dc:creator>Bikibook</dc:creator>
				<category><![CDATA[Banking, Currency and Foreign Exchange]]></category>
		<category><![CDATA[Bank Failures]]></category>
		<category><![CDATA[Banking]]></category>
		<category><![CDATA[banking system]]></category>
		<category><![CDATA[Banks]]></category>
		<category><![CDATA[bonds]]></category>
		<category><![CDATA[Capital Political Economics]]></category>
		<category><![CDATA[Fiat currency]]></category>
		<category><![CDATA[Paper Currency]]></category>
		<category><![CDATA[paper money]]></category>
		<category><![CDATA[Transformation of Money in Capital]]></category>

		<guid isPermaLink="false">http://bikibook.com/?p=770</guid>
		<description><![CDATA[A London financial expert soon after the passage of the Federal Reserve Act wrote these significant words :


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<li><a href='http://bikibook.com/the-banking-octopus-the-silver-question-an-american-financial-history-by-f-m-fogg-1355.html' rel='bookmark' title='Permanent Link: The Banking Octopus &#038; the Silver Question: An American Financial History by F.M Fogg'>The Banking Octopus &#038; the Silver Question: An American Financial History by F.M Fogg</a> <small>INTRODUCTION This little story, based on fact, represents, though feebly,...</small></li>
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		<title>American and Foreign Investment Bonds by William L. Raymond</title>
		<link>http://bikibook.com/american-and-foreign-investment-bonds-by-william-l-raymond-755.html</link>
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		<pubDate>Wed, 03 Mar 2010 08:19:33 +0000</pubDate>
		<dc:creator>Bikibook</dc:creator>
				<category><![CDATA[Corporate Finance]]></category>
		<category><![CDATA[Stock Market and Other Trading Markets]]></category>
		<category><![CDATA[Accumulation Capital]]></category>
		<category><![CDATA[banking system]]></category>
		<category><![CDATA[bonds]]></category>
		<category><![CDATA[Capital Political Economics]]></category>
		<category><![CDATA[corporate finance]]></category>
		<category><![CDATA[investments]]></category>
		<category><![CDATA[stock market]]></category>
		<category><![CDATA[stock markets]]></category>

		<guid isPermaLink="false">http://bikibook.com/?p=755</guid>
		<description><![CDATA[PREFACE This book has been put together from talks given to the writer&#8217;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 such securities. The material available is vast, complicated, and always changing. At the same time the broad principles which govern the safety of investment bonds are simple and, like the laws of nature, forever the same. From the point of view of the intrinsic value of American securities, the Great War in Europe has brought into high relief the resources and development of the United States. With the opening of the Panama Canal, the creation of an adequate merchant marine, and the establishment of a new banking system, this country should be placed in a position with relation to the business and finance of the world which it never has held before. Furthermore, the United States may become the market for a considerable amount of foreign government securities. It is to-day, of course, the principal market for the bonds of its own States, municipalities, and corporations. [...]


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		<title>A Hundred Years of American Commerce Vol 2</title>
		<link>http://bikibook.com/a-hundred-years-of-american-commerce-vol-2-738.html</link>
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		<pubDate>Tue, 02 Mar 2010 09:39:16 +0000</pubDate>
		<dc:creator>Bikibook</dc:creator>
				<category><![CDATA[Banking, Currency and Foreign Exchange]]></category>
		<category><![CDATA[Commodities]]></category>
		<category><![CDATA[Capital Political Economics]]></category>
		<category><![CDATA[commerce]]></category>
		<category><![CDATA[History]]></category>
		<category><![CDATA[Investment]]></category>
		<category><![CDATA[trading]]></category>

		<guid isPermaLink="false">http://bikibook.com/?p=738</guid>
		<description><![CDATA[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 COMMERCE AND INVENTION WITHIN THE PAST ONE HUNDRED YEARS LINK http://bikibook.com/books/a-hundred-years-of-american-commerce-vol-2/ EMBED Related posts:A Hundred Years of American Commerce Vol 1 ONE HUNDRED YEARS OF AMERICAN COMMERCE CONSISTING OF ONE HUNDRED... 1816-1916, One Hundred Years of Savings Banking Preface THE complexities of modern economic and social life induce... Cannibals of Finance &#8211; Fifteen Years&#8217; Contest with Money Trust by Arthur Edward Stilwell INTRODUCTION No man ever had his work, while under way,...


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		<title>The Meaning of Money by Hartley Withers</title>
		<link>http://bikibook.com/the-meaning-of-money-by-hartley-withers-721.html</link>
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		<pubDate>Thu, 25 Feb 2010 09:13:55 +0000</pubDate>
		<dc:creator>Bikibook</dc:creator>
				<category><![CDATA[Banking, Currency and Foreign Exchange]]></category>
		<category><![CDATA[Accumulation Capital]]></category>
		<category><![CDATA[Bank Failures]]></category>
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		<category><![CDATA[Fiat currency]]></category>
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		<category><![CDATA[money]]></category>
		<category><![CDATA[Paper Currency]]></category>

		<guid isPermaLink="false">http://bikibook.com/?p=721</guid>
		<description><![CDATA[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 the alarming apparatus which generally affrights the casual reader who opens a book on a monetary subject. No columns of statistics will be paraded and deployed, the use of diagrams will be sedulously avoided, and as far as possible figures will be ruled out. The word Money is associated with much confusion and difficulty in the minds of those who have not been obliged to think the matter out because of the different senses in which it is used. In one sense it is perfectly simple, without the least reflection or examination. Everybody understands money in the sense of the pounds, shillings, and pence that we pay in the shape of coin, notes or cheques for everyday wants. But the other most common use of the word leads to complication, because in its second sense money means not money, but the loan of money. This is [...]


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