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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,...
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...
Attention has been repeatedly called to the vicious circle in which the American money market moves; how the volume of banking credit is rigidly inelastic, being determined as to circulation by bonds and securities and as to loans and discounts by a fixed ratio to legal reserve; how the surplus funds which piled up...
Thomas Robert Malthus, the son of Daniel Malthus, a country gentleman living in Surrey, was born on Feb. 14, 1766. Entering Jesus College, Cambridge, in 1785, he was 9th Wrangler in the Mathematical Tripos in 1 788 ; took Holy Orders ; and in 1797 was elected to a Fellowship at his college. In...
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