Synopsis
Excerpt from The Theory of Credit, Vol. 2 of 2: Part I
In this exposition of the actual mechanism of the colossal System of Credit will be seen the verification of Daniel Webster's aphorism Credit has done more, a thousand times.
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The Theory of Credit, Vol. 2 of 2: Part I (Classic Reprint)
Print on DemandSeller: Forgotten Books, London, United Kingdom
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Paperback. Condition: New. Print on Demand. This book delves into the intricate world of credit and banking, tracing its historical roots back to ancient Rome and exploring its evolution through the centuries. The author sheds light on the often misunderstood concepts of credit, money, and banking, dispelling common myths and misconceptions. The book delves into the mechanics of commercial credit, including the use of bills of exchange and the distinctions between real and accommodation bills. It examines the role of credit in both transferring existing commodities and creating new products, highlighting its impact on economic growth and development. With a focus on the practical applications of credit in commerce and banking, the author explores topics such as the clearinghouse system, cash credits, foreign exchanges, and the nature of public debt. The book challenges conventional economic theories, including the wages fund theory and prevailing notions about the relationship between money, credit, and interest rates. By providing a comprehensive understanding of the principles and mechanisms of credit and banking, this book offers valuable insights into the functioning of modern economies and the vital role that credit plays in shaping our financial landscape. This book is a reproduction of an important historical work, digitally reconstructed using state-of-the-art technology to preserve the original format. In rare cases, an imperfection in the original, such as a blemish or missing page, may be replicated in the book. print-on-demand item. Seller Inventory # 9780243099184_0
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The Theory of Credit, Vol. 2 of 2: Part I (Classic Reprint)
Seller: PBShop.store US, Wood Dale, IL, U.S.A.
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PAP. Condition: New. New Book. Shipped from UK. Established seller since 2000. Seller Inventory # LW-9780243099184
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The Theory of Credit, Vol. 2 of 2: Part I (Classic Reprint)
Seller: PBShop.store UK, Fairford, GLOS, United Kingdom
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PAP. Condition: New. New Book. Shipped from UK. Established seller since 2000. Seller Inventory # LW-9780243099184