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The Theory of Credit, Vol 1 of 2 Classic Reprint | 9781330160503

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by Henry Dunning Macleod

The Theory of Credit, Vol 1 of 2 Classic Reprint Excerpt from The Theory of Credit, Vol. 1 of 2Previous writers have bestowed much attention to the Com merce of Material Commodities and the Commerce of Labor: but as regards the Commerce in Rights and Rights of action they are lamentably defective. Smith classes Bank Notes, Bills of Exchange, &c. - which are Credit - as Circulating Capital Mill acknowledges that Bank Notes, Bills of Exchange, and Cheques have the same effect on prices as Money: and perform all the functions of it: and observes that Bank Notes are Productive Capital: Say has many observations on the part which Bank Notes and Bills of Exchange perform as substitutes for Money.About the PublisherForgotten Books publishes hundreds of thousands of rare and classic books. Find more at www.forgottenbooks.comThis book is a reproduction of an important historical work. Forgotten Books uses state-of-the-art technology to digitally reconstruct the work, preserving the original format whilst repairing imperfections present in the aged copy. In rare cases, an imperfection in the original, such as a blemish or missing page, may be replicated in our edition. We do, however, repair the vast majority of imperfections successfully; any imperfections that remain are intentionally left to preserve the state of such historical works.
ISBN: 9781330160503.
Publisher: Forgotten Books.
Published Year: 2018.