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Capital, Currency and Banking, Being a Collection of a Series of Articles Published in the Economist in 1845, on the Principles of the Bank Act of 1844, and in 1847, on the Recent Monetarial and Commercial Crisis (Classic Reprint)

Capital, Currency and Banking, Being a Collection of a Series of Articles Published in the Economist in 1845, on the Principles of the Bank Act of 1844, and in 1847, on the Recent Monetarial and Commercial Crisis (Classic Reprint)

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Excerpt from Capital, Currency and Banking, Being a Collection of a Series of Articles Published in the Economist in 1845, on the Principles of the Bank Act of 1844, and in 1847, on the Recent Monetarial and Commercial Crisis

The articles upon Capital, Currency, and Banking, which have appeared in the Economist, during the last two years, having been written chiefly in a connected series, and with the view of fairly discussing the general principles upon which the Bank Act of 1844, as applied to England, and that of 1845, as applied to Scotland and Ireland, were founded - their re-publication in the more convenient form of the present volume, has been suggested as a useful mode of again bringing them before the public at a moment when these subjects have acquired a wider and more intense interest than at any former time.

Although the whole of the articles, now reprinted, consist mainly of discussions proceeding upon general principles, and arc therefore as much applicable to one period as another, yet the particular events which elicited them, from time to time, are necessarily referred to, and it became a question, whether or not it would not be better so far to alter them, as to have no special relation to the events of the moment, so as to give them more the appearance and character of permanent essays.

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