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A Currency enables each Seller to reserve his Power of Purchase
Bullion Receipts operate after the Bullion has been lent
Bullion Receipt leads to the Bank-note
8
10
24
Bank Credits from Deposits.
A simple Book-transfer effects Payment
Bank Credits from Loans.
Bank Loans an addition to the Aggregate of Money
This third Element of Money very variable
London Private Banks form one Bank
Mr. Newmarch's Estimate of Discounts
Bankers an essential Part of our Money System
Bank Credit fluctuates from Confidence and Distrust
Confidence depends on Regularity of Commerce
Regularity depends on correct Anticipation of Supply and Consumptive
27
A Saving in a Currency differs from a Saving made in Commodities
Money Capital passes into Money Income
28
Money the Basis of industrial Calculations
29
The Aggregate of Income the "Return Power" to Capital
Proportion between Capital and Income
30
Incomes created by investing Capital in Manufactures
Incomes derived from Profits.
Revolution of Capital and Income
How is return to new Capital possible?
Return to old Capital diminished
Old Capital spent as Income
Effect of new Incomes upon Aggregate of Income
CHAP. V.-THE REVOLUTION OF CAPITAL AND INCOME.
Verification of the Law of Revolution
Money Capital squandered returns into new Hands
The Revolution of Capital and Income may be quickened or retarded
Law of the Increase of Capital
Mr. Mill's Law of Increase
Profits and Wages may both fall
CHAP. VI.-PRICES AND CURRENCY.
Prices distribute Commodities.
Retail Prices govern Wholesale
Retail Prices limited by Incomes
Increased Money Income antecedent to Depreciation
Income and Transactions limit Currency.
Increase in Aggregate of Income must precede Depreciation
CHAP. VII.-THE MONEY MARKET.
The Dealers in the Money Market
It includes all Lenders and Borrowers of Money
the Bank of England
London Bankers and Brokers
Country and Joint-Stock Banks
Scotch Banks .
Irish Banks
All the Banks form one System
All spare Balances flow up to London
Money for Discount and Money for Investment
Analysis of Discount Capital
Two Rates of Interest
100
Conduct of the Bank under the Restriction
Present Monetary Position of the Bank
Power of the Bank over the Money Market
Reaction after Speculative Excesses
Misery produced by a Commercial Crisis
Dangers of a high Commercial Organization
No cure but a Moral one.
Rule for the Management of the Bank
The Bank not a private Concern
.
Note on the Proposal to fix a Minimum Rate of Discount for the Bank of
England
CHAP. X.-SOLUTION OF THE PROBLEM.
Conclusions respecting Capital
Theory of Depreciation.
PART II.-PRECAUTIONS.
CHAP. I.-POLITICAL ECONOMY AND ITS PREJUDICES.
Political Economy built on Suppositions.
Economical Truths not Moral Rules
Doctrine of Laisser faire.
Resistance to the Principle of Laisser faire
CHAP. II. TAXATION.
Ancient Feeling respecting Taxation
Present Danger from Dislike to Taxation
Mr. Norman on Taxation
Mr. Ricardo on Taxation
Real Incidence of Taxation
Effect of Remission on Producers and Consumers
Questions of Taxation subordinate
CHAP. III.-RURAL LIFE AND EMPLOYMENTS.
Rural Scenery of England
Its Moral and Social Effects
Present State of Agriculture
A Stimulus wanted
Transfer of Local Taxation
Transfer of Land to new Hands
Effects of regarding only the Amount of Produce
Duties of Landlords
Note upon Agricultural Labourers