Originally published in 1940, this book traces the development of theories concerning currency and credit from the beginning of the eighteenth century to the middle of the twentieth. It provides a comprehensive account of the political and economic conditions in which the theories and controversies arose, with the result that the work has become a classic in its field.
1. Confusion Between Credit and Money in the Political Economy of the Eighteenth Century 2. Eighteenth-Century Theories of the Action of the Precious Metals on the Price Level and on the Rate of Interest 3. Thornton, Ricardo and the Bullion Report 4. Tooke the Historian and Ricardo the Logician 5. Tooke, Creator of the Credit Theory 6. Gold Output and Price Movements (1850-1936) 7. The Action of Gold and of the Discount Rate on Prices 8. The General Theory of Money at the Beginning of the Twentieth Century 9. Theory of Central Banks of Issue