The Credit Theory of Money

Mitchell-Innes, Alfred

ISBN 10: 1646793633 / ISBN 13: 9781646793631

Published by Cosimo Classics, 1914

About this Item

Seller Inventory # I-9781646793631

Bibliographic Details

• Title: The Credit Theory of Money
• Publisher: Cosimo Classics
• Publication Date: 1914
• Language: English
• ISBN 10: 1646793633
• ISBN 13: 9781646793631
• Binding: Soft cover
• Condition: New

About this title

Synopsis

"[What is Money? and The Credit Theory of Money is] the best pair of articles on the nature of money written in the twentieth century."

-L. Randall Wray, professor of Economics, Bard College (2004)

The Credit Theory of Money (1914) is one of two important articles written by British economist Alfred Mitchell-Innes about money and credit. Together with Mitchell-Innes' other article, What is Money? (also available from Cosimo Classics), it influenced Modern Monetary Theory, which states that governments can print as much money as they need without having to borrow or tax to finance spending.

The Credit Theory of Money is essential reading for students of monetary theories and economic history.

About the Author

ALFRED MITCHELL-INNES (1864-1950) was a British diplomat and economist, with foreign service in Egypt, Uruguay, and the United States. He was possibly the first person to present a truly modern theory of money. In addition to several articles, he also wrote Martyrdom in our Times: Two Essays on Prisons and Punishments (1932).