MONEY, BANK CREDIT, AND ECONOMIC CYCLES phần 9 pps

... Banking; Man, Economy, and State, pp. 703– 09; and the articles, “The Myth of Free Banking in Scotland,” pp. 2 29 45, and “Aurophobia: or Free Banking on What Standard?”pp. 99 –108. Besides Murray ... expansion of credit, from prom- issory notes and their monetization, and from the specula- tion this expansion fueled and made possible. 16 728 Money, Bank Credit, and Ec...

Ngày tải lên: 09/08/2014, 19:21

... total assets and was therefore inadequate to meet the bank s obligations during the recession period. 62 The Medici Bank eventually failed and all 74 Money, Bank Credit, and Economic Cycles 61 Ibid., ... payments; if he goes bankrupt, as we see so often and Our Lord God per- mits, let him and his masters be lost like dishonest gains. 85 88 Money, Bank Credit, and...

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... Law’s, 614 Money, Bank Credit, and Economic Cycles vol. 4; and also in Several Papers Relating to Money, Interest, and Trade, Etcetera (New York: Augustus M. Kelley, 196 8). Locke was the first in England ... Gallatin wrote: 626 Money, Bank Credit, and Economic Cycles 48 Reprinted in the Records from Committees of the House of Commons, Mis- cellaneous Subjects,...

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... equal quantity and quality (the tantundem). Nevertheless, even though a 178 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 140 Money, Bank Cre...

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... 1,000,000 Bank B 90 ,000 810,000 90 0,000 Bank C 81,000 7 29, 000 810,000 Bank D 72 ,90 0 656,000 7 29, 000 Bank E 65,600 590 ,000 656,000 Bank F 59, 000 531,000 590 ,000 Bank G 53,100 478,000 531,000 Bank H ... follows: Bank A (66) Debit Credit 90 0,000 Cash Demand deposits 90 0,000 90 0,000 Demand deposits Loans 90 0,000 The balance sheet of Bank A now looks like thi...

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... 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, ... in 193 1 and the second, revised, updated edition of which appeared in 193 5 and was later reprinted more than ten times in England and the United States; Profits, Int...

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... 192 9, pp. 2618– 19. Cited by Benjamin M. Anderson, Economics and the Public Welfare: A Financial and Economic His- tory of the United States, 191 4– 194 6 (Indianapolis, Ind.: Liberty Press, 197 9), ... exactly when and under 462 Money, Bank Credit, and Economic Cycles 62 Machlup, The Stock Market, Credit and Capital Formation, p. 92 . This book by Machlup is essentia...

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... 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 ( 199 0): 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 Cycle...

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... Institute, 199 7). Dowd, K., The State and the Monetary System (New York: Saint Martin’s Press, 198 9). 820 Money, Bank Credit, and Economic Cycles prologue written by Keynes on September 7, 193 6 (Berlin: ... Ediciones Aosta/Unión Editorial, 199 8). 816 Money, Bank Credit, and Economic Cycles ——, New Studies in Philosophy, Politics, Economics and the History of Id...

Ngày tải lên: 09/08/2014, 19:21