American Political Economy Including Strictures On The Management Of The Currency And The Finances Since 1861

Author : Francis Bowen
Publisher : Forgotten Books
ISBN 13 : 9781330199930
Total Pages : 509 pages
Book Rating : 4.1/5 (999 download)

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Download or read book American Political Economy written by Francis Bowen and published by Forgotten Books. This book was released on 2015-06-26 with total page 509 pages. Available in PDF, EPUB and Kindle. Book excerpt: Excerpt from American Political Economy: Including Structures on the Management of the Currency and the Finances Since 1861, With a Chart Showing the Fluctuations in the Price of Gold During the last eight years the United States have been trying experiments in the management of the Currency, in Banking, Finance, and Taxation, on a larger scale than the world had ever witnessed. The trial has cost the country much; we have not yet recovered from its consequences, and probably it will yet be long before we shall cease to feel them. But the experience thus gained has been valuable for the interests both of science and of practical legislation. It has thrown much light on the theories of Currency and Finance, which are the most interesting, because the most practically important, portions of the science of Political Economy. It has demonstrated by the logic of facts some of the main doctrines in these theories, disclosed some important qualifications of maxims formerly received, and raised questions of broad scope for further inquiry. I have here endeavored to bring together the results of these experiments, and to read the lessons which they teach. The book is to be regarded more as a new work, than as a new edition of the volume which I published, fourteen years ago, under the title of "Principles of Political Economy." Several chapters have been added, others suppressed or rewritten, and the remainder much condensed and modified. The title under which the book now appears may seem to require defence or explanation. I hold, with Mr. Samuel Laing, that "every country has a Political Economy of its own, suitable to its own physical circumstances of position on the globe," and to the character, habits, and institutions of its people. About the Publisher Forgotten Books publishes hundreds of thousands of rare and classic books. Find more at www.forgottenbooks.com This 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.