John Locke and the Bank of England

John Locke and the Bank of England PDF Author: Claude Roche
Publisher: Routledge
ISBN: 1000386341
Category : Business & Economics
Languages : en
Pages : 141

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Book Description
John Locke was one of the first shareholders of the Bank of England and participated in parliamentary debates surrounding its creation. He had a key role in the monetary reform of 1696. This book examines Locke’s thought in relation to credit, banking regulation, the monetary and financial system, the gold standard and the principles of Natural Right. It also establishes a link between Locke’s economic and financial ideas and his political philosophy. John Locke and the Bank of England will be of interest to advanced students and researchers of central banking, financial history, the history of economic thought and political economy.

John Locke and the Bank of England

John Locke and the Bank of England PDF Author: Claude Roche
Publisher: Routledge
ISBN: 1000386341
Category : Business & Economics
Languages : en
Pages : 141

Get Book Here

Book Description
John Locke was one of the first shareholders of the Bank of England and participated in parliamentary debates surrounding its creation. He had a key role in the monetary reform of 1696. This book examines Locke’s thought in relation to credit, banking regulation, the monetary and financial system, the gold standard and the principles of Natural Right. It also establishes a link between Locke’s economic and financial ideas and his political philosophy. John Locke and the Bank of England will be of interest to advanced students and researchers of central banking, financial history, the history of economic thought and political economy.

Money, Politics and Power

Money, Politics and Power PDF Author: Richard A. Kleer
Publisher: Taylor & Francis
ISBN: 1351713361
Category : Business & Economics
Languages : en
Pages : 255

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Book Description
This book examines one of the most famous economic-policy episodes in British history, offering an entirely novel and very sophisticated account. It explains key monetary and financial institutions in a highly accessible way, builds a novel interpretation of the creation and early years of the Bank of England from previously undiscovered archival data, shows who stood to benefit, and how, from the many innovations in money, banking and public finance being proposed by contemporary entrepreneurs and illustrates how knowing the financial constraints and objectives of government is essential for understanding the stakes and outcome of legislation pertaining to money and banking.

The Clarendon Edition of the Works of John Locke: Locke on Money

The Clarendon Edition of the Works of John Locke: Locke on Money PDF Author: John Locke
Publisher: Clarendon Press
ISBN: 9780198245469
Category : Business & Economics
Languages : en
Pages : 358

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Book Description
These two volumes present for the first time the entire body of Locke's writings on economics (other than Two Treatises of Government). Kelly provides accurate texts, together with a listing of variant readings and significant manuscript changes. The items are cross-referenced within the two volumes, and Kelly also indicates where papers relate to Locke's other writings. Volume I contains an introduction by the editor in which he sets Locke's writings in the context of contemporary debates and economic conditions, and the circumstances of writing and publication.

Casualties of Credit

Casualties of Credit PDF Author: Carl Wennerlind
Publisher: Harvard University Press
ISBN: 0674062663
Category : History
Languages : en
Pages : 361

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Book Description
Modern credit, developed during the financial revolution of 1620–1720, laid the foundation for England’s political, military, and economic dominance in the eighteenth century. Possessed of a generally circulating credit currency, a modern national debt, and sophisticated financial markets, England developed a fiscal–military state that instilled fear in its foes and facilitated the first industrial revolution. Yet a number of casualties followed in the wake of this new system of credit. Not only was it precarious and prone to accidents, but it depended on trust, public opinion, and ultimately violence. Carl Wennerlind reconstructs the intellectual context within which the financial revolution was conceived. He traces how the discourse on credit evolved and responded to the Glorious Revolution, the Scientific Revolution, the founding of the Bank of England, the Great Recoinage, armed conflicts with Louis XIV, the Whig–Tory party wars, the formation of the public sphere, and England’s expanded role in the slave trade. Debates about credit engaged some of London’s most prominent turn-of-the-century intellectuals, including Daniel Defoe, John Locke, Isaac Newton, Jonathan Swift and Christopher Wren. Wennerlind guides us through these conversations, toward an understanding of how contemporaries viewed the precariousness of credit and the role of violence—war, enslavement, and executions—in the safeguarding of trust.

Unelected Power

Unelected Power PDF Author: Paul Tucker
Publisher: Princeton University Press
ISBN: 0691196303
Category : Business & Economics
Languages : en
Pages : 662

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Book Description
Tucker presents guiding principles for ensuring that central bankers and other unelected policymakers remain stewards of the common good.

An Enquiry Into the Nature and Effects of the Paper Credit of Great Britain

An Enquiry Into the Nature and Effects of the Paper Credit of Great Britain PDF Author: Henry Thornton
Publisher:
ISBN:
Category : Credit
Languages : en
Pages : 332

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Book Description


Some Considerations of the Consequences of the Lowering of Interest, and Raising the Value of Money

Some Considerations of the Consequences of the Lowering of Interest, and Raising the Value of Money PDF Author: John Locke
Publisher:
ISBN:
Category : Coinage
Languages : en
Pages : 210

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Book Description


John Locke

John Locke PDF Author: Maurice Cranston
Publisher:
ISBN:
Category : Philosophy
Languages : en
Pages : 536

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Book Description


The Chicago Plan Revisited

The Chicago Plan Revisited PDF Author: Mr.Jaromir Benes
Publisher: International Monetary Fund
ISBN: 1475505523
Category : Business & Economics
Languages : en
Pages : 71

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Book Description
At the height of the Great Depression a number of leading U.S. economists advanced a proposal for monetary reform that became known as the Chicago Plan. It envisaged the separation of the monetary and credit functions of the banking system, by requiring 100% reserve backing for deposits. Irving Fisher (1936) claimed the following advantages for this plan: (1) Much better control of a major source of business cycle fluctuations, sudden increases and contractions of bank credit and of the supply of bank-created money. (2) Complete elimination of bank runs. (3) Dramatic reduction of the (net) public debt. (4) Dramatic reduction of private debt, as money creation no longer requires simultaneous debt creation. We study these claims by embedding a comprehensive and carefully calibrated model of the banking system in a DSGE model of the U.S. economy. We find support for all four of Fisher's claims. Furthermore, output gains approach 10 percent, and steady state inflation can drop to zero without posing problems for the conduct of monetary policy.

Money and Government

Money and Government PDF Author: Robert Skidelsky
Publisher: Yale University Press
ISBN: 030024424X
Category : Business & Economics
Languages : en
Pages : 496

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Book Description
A critical examination of economics' past and future, and how it needs to change, by one of the most eminent political economists of our time The dominant view in economics is that money and government should play only minor roles in economic life. Economic outcomes, it is claimed, are best left to the "invisible hand" of the market. Yet these claims remain staunchly unsettled. The view taken in this important new book is that the omnipresence of uncertainty makes money and government essential features of any market economy. Since Adam Smith, classical economics has espoused non-intervention in markets. The Great Depression brought Keynesian economics to the fore; but stagflation in the 1970s brought a return to small-state orthodoxy. The 2008 global financial crash should have brought a reevaluation of that stance; instead the response has been punishing austerity and anemic recovery. This book aims to reintroduce Keynes’s central insights to a new generation of economists, and embolden them to return money and government to the starring roles in the economic drama that they deserve.