Currency, or the fundamental principles of monetary science, postulated, explained, and applied.
Published by New York: G. P. Putnam's Sons, 1882
- First Edition
- Used
Seller: Peter Harrington. ABA/ ILAB., London, United KingdomPeter Harrington. ABA/ ILAB.
AbeBooks seller since July 26, 1999
Condition: Used
£ 1,100.00
Quantity: 1 available
Add to basketItem description from seller
First edition of the author's major work on monetary policy. Published posthumously with a prefatory memoir by the author's brother, Currency is a confident treatise on monetary theory, conversant with the best of contemporary economic thought, written by the Canadian-born Hugh Bowlby Willson (1813-1880), proposing a plan for monetary union between the United States, Great Britain, France, Italy, Belgium and Switzerland and giving a monetary (as well as an anti-protectionist) explanation of the business cycle. In a closely reasoned analysis, Willson attributes depressions in large measure to bank-financed excessive growth, the creation of "capital, largely fictitious, drawn from bills discounted." Willson was "deeply involved in the postwar 'Greenback' controversy in the United States. In a number of pamphlets and in testimony before a congressional committee in 1879, he argued strongly that notes issued by the state should be the permanent and exclusive circulating medium. He suggested the creation of a currency board to control the issue of paper money and proposed that the amount of paper money should be related to the volume of business transactions in the country" (R. Warren James and John S. Moir in Dictionary of Canadian Biography). Willson was a man of wide interests: a railroad builder, ship designer, and newspaper man, founder of the Canadian Independent in 1849 (which, pace its name, proposed annexation of Canada to the United States). Many of Willson's theories heralded monetary reforms which would take place after his death. Crawfurd Goodwin, Canadian Economic Thought, p. 133ff., noting that Willson was probably a young pupil of the great Canadian-American economist John Rae, author of Statement of Some New Principles of Political Economy (1834). Octavo. Original brown sand-grain cloth, spine lettered and decorated in gilt, boards with two line blind rule border, dark brown endpapers. Minor nicks to spine ends, light dampstaining to outer edges of endpapers, front joint starting but still holding firm. A very good copy of this scarce title.…
Seller Inventory # 114854
Bibliographic details
- Title
- Currency, or the fundamental principles of monetary science, postulated, explained, and applied.
- Author
- WILLSON, Hugh Bowlby.
- Publisher
- New York: G. P. Putnam's Sons, 1882
- Edition
- 1st Edition
Peter Harrington. ABA/ ILAB.
London, United Kingdom
Shipping rates from United Kingdom to U.S.A.
| Item | 7 to 12 business days | 2 to 3 business days |
|---|---|---|
| First item | £ 22.00 | £ 30.00 |
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Peter Harrington Antiquarian Bookseller has grown to become one of the largest and best known rare booksellers in Europe. Member of the ABA and ILAB. Visit us in the UK at 100 Fulham Road, Chelsea, London SW3 6HS Phone +44 (0)20 7591 0220 Fax +44 (0)20 7225 7054 www.peterharrington.co.uk
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