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Triumph of the Bankers: Money and Banking in the Eighteenth and Nineteenth Centuries (Bibliographies & Indexes in Anthropology S) - Hardcover
In this sure-to-be-controversial history of money and banking, Hixson examines the historical and resulting present-day deficiencies of the U.S. monetary and banking system. His study reveals that in a whole series of historical cases over the eighteenth and nineteenth centuries faulty economic principles were applied to the developing system. His bold conclusions include suggestions that: commercial banks should be required to maintain 100 percent reserves on all demand-deposit accounts and thus be denied the present privilege of creating credit-money; and the federal government should be the sole creator of money in the economy. As in his previous book, Hixson challenges generally accepted historical and economic wisdom, making this a significant contribution to the literature.
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A sure-to-be-controversial study of the development of our money and banking system in the eighteenth and nineteenth centuries and resultant present-day problems.
WILLIAM F. HIXSON is a retired businessman and engineer, as well as an amateur economist, who has published articles in the Eastern Economic Journal, The History of Economics Society Bulletin, and Economies et Societes./e He is the author of A Matter of Interest: Reexamining Money, Debt, and Real Economic Growth (Praeger, 1991).
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- PublisherPraeger
- Publication date1993
- ISBN 10 027594607X
- ISBN 13 9780275946074
- BindingHardcover
- Edition number1
- Number of pages208
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Triumph of the Bankers Money and Banking in the 18th and 19th Centuries Bibliographies Indexes in Anthropology Money and Banking in the Bibliographies Indexes in Anthropology S
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Book Description Hardcover. Condition: new. Hardcover. In this sure-to-be-controversial history of money and banking, Hixson examines the historical and resulting present-day deficiencies of the U.S. monetary and banking system. His study reveals that in a whole series of historical cases over the eighteenth and nineteenth centuries faulty economic principles were applied to the developing system. His bold conclusions include suggestions that: commercial banks should be required to maintain 100 percent reserves on all demand-deposit accounts and thus be denied the present privilege of creating credit-money; and the federal government should be the sole creator of money in the economy. As in his previous book, Hixson challenges generally accepted historical and economic wisdom, making this a significant contribution to the literature. In this sure-to-be-controversial history of money and banking, Hixson examines the historical and resulting present-day deficiencies of the U.S. monetary and banking system. His study reveals that in a whole series of historical cases over the eighteenth and nineteenth centuries faulty economic principles were applied to the developing system. Shipping may be from multiple locations in the US or from the UK, depending on stock availability. Seller Inventory # 9780275946074
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Triumph of the Bankers Money and Banking in the 18th and 19th Centuries Bibliographies Indexes in Anthropology Money and Banking in the Bibliographies Indexes in Anthropology S
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ISBN 13: 9780275946074
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