... 26, 19 29, pp. 2 618 19 . Cited by Benjamin M.
Anderson, Economics and the Public Welfare: A Financial and Economic His-
tory of the United States, 19 14 19 46 (Indianapolis, Ind.: Liberty Press,
19 79), ... effects of banks’
creation of loans and the tightening effects the crisis exerts on
the stages furthest from consumption.
19
This phenomenon can
418 Money, Bank Credit,...
... 210
(June–September 19 43): 17 6–84; also Chapter 10 in Individualism and
Economic Order, pp. 209 19 .
830 Money, Bank Credit, and Economic Cycles
Graziani, A., “Book Review of Stephen Kresge and ... (Modena, 19 01) , vol. 6.
818 Money, Bank Credit, and Economic Cycles
——, “Hayek’s Best Test of a Good Economist,” Procesos de Mercado 1,
no. 2 (Autumn, 2004...
... safeguard and main-
tain intact 10 0 percent of the tantundem.
74
82 Money, Bank Credit, and Economic Cycles
74
Cipolla indicates that in the 15 70s, the Ricci Bank could no longer
meet demands for ... below 10 percent of total assets and was
therefore inadequate to meet the bank s obligations during the
recession period.
62
The Medici Bank eventually failed and all...
... equal quantity
and quality (the tantundem). Nevertheless, even though a
17 8 Money, Bank Credit, and Economic Cycles
[t]he bank is expert on where its loans should be made and to
whom, and reaps the ... a deposit and hands over
the money based on that assumption, and the other receives
the money as if it were a loan or mutuum and based on that
14 0 Money, Bank...
... 1, 000,000
Bank B 90,000 810 ,000 900,000
Bank C 81, 000 729,000 810 ,000
Bank D 72,900 656,000 729,000
Bank E 65,600 590,000 656,000
Bank F 59,000 5 31, 000 590,000
Bank G 53 ,10 0 478,000 5 31, 000
Bank H ... follows:
Bank A
(66) Debit Credit
900,000 Cash Demand deposits 900,000
900,000 Demand deposits Loans 900,000
The balance sheet of Bank A now looks like this:
242 Mo...
... profit and interest.
52
330 Money, Bank Credit, and Economic Cycles
50
See David Ricardo, The Works and Correspondence of David Ricardo, vol.
1: On the Principles of Political Economy and Taxation, ... stages. This shortage affects the
immediate production and delivery of final consumer
364 Money, Bank Credit, and Economic Cycles
74
In section 11 of chapter 6...
... money.
50
Nevertheless
542 Money, Bank Credit, and Economic Cycles
and also “Business Cycles: Real Facts and Monetary Myth,” Federal
Reserve Bank of Minneapolis Quarterly Review 14 (19 90): 3 18 . Authors of
these and ... level, and
T the “aggregate” of all quantities of goods and services
exchanged in a year.
19
522 Money, Bank Credit, and Economic Cycl...
... that Molina and
608 Money, Bank Credit, and Economic Cycles
11
Perhaps it is Juan de Lugo who most clearly and concisely expresses
this principle, as we saw in footnote 10 2 of chapter 2.
12
In other ... theory of Law’s,
614 Money, Bank Credit, and Economic Cycles
vol. 4; and also in Several Papers Relating to Money, Interest, and Trade,
Etcetera (New Y...