Hints on Wages, the Corn Laws, High and Low Prices, Paper-Money and Banking, Arising from a Consideration of Three Lectures on the Cost of Obtaining Money, by N.W. Senior, by a British Merchant J.H.

Hints On Wages, The Corn Laws, High And Low Prices, Paper-Money And Banking: Arising From A Consideration Of Three Lectures On The Cost Of Obtaining Money, By Nassau William Senior, By A British Merchant J.H. Renny. James H. Renny reviews Nassau Senior’s lectures and counters his theories on wage differences and monetary policy. Part I surveys claims to explain why wages differ between Hindostan, England, and North America, arguing money wages reflect the produce of the soil, taxation, poor laws, and capital, not the cost of precious metals. He criticizes the notion that wages are locked to the price of silver and examines the Corn Laws, export trade, and their effects on wages and national wealth. Part II defends paper money and banking, arguing depreciation arose from policy and balance-of-payments rather than over-issuance, and proposing reform—multiplicity of banks, and broader access to capital. The work combines data, parliamentary references, and practical argument on wages, currency, and trade, seeking a coherent national economic policy.