Overview

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.

Full Product Details

Author:   William F. Hixson
Publisher:   Bloomsbury Publishing Plc
Imprint:   Praeger Publishers Inc
Volume:   No. 7
Dimensions:   Width: 15.60cm , Height: 1.20cm , Length: 23.40cm
Weight:   0.473kg
ISBN:  

9780275946074

ISBN 10:   027594607
Pages:   208
Publication Date:   28 July 1993
Recommended Age:   From 7 to 17 years
Audience:   College/higher education ,  Undergraduate ,  Postgraduate, Research & Scholarly
Format:   Hardback
Publisher's Status:   Active
Availability:   Manufactured on demand  
We will order this item for you from a manufactured on demand supplier.

Table of Contents

"Introduction ""Smith's Law"" and ""Fisher's Equation of Exchange"" The Impracticality of a Gold/Silver Standard The Undesirability of a Gold/Silver Standard Low Growth Rates of Money Supply More Rapid Growth Rates of Money Supply Money as a Legal and Psychological Matter Paper Money Created by Colonial Governments: Background and the Pennsylvania Example Paper Money Created by Colonial Governments: Other Examples and Summation Paper Money Created by Private Banks in Eighteenth-Century Britain Adam Smith on the Bank of England and Banking in General Financing the War for Independence of the United States The Decade of the 1780s in the United States The Constitution, Money, and Banking in the Early Decades of the United States Money and Banking in Britain from 1792-1821 Money and Banking in Britain in the Later Years of the Nineteenth Century The Bank of the United States and Other Matters, 1800-1836 The Discovery of Gold in California and Other Matters, 1836-1860 Union Financing of the Civil War, 1861-1863 Union Financing of the Civil War, 1864-1866 From War's End to the Resumption of Gold Payments, 1865-1879 Bimetallism and Populism, 1879-1896 New Gold Discoveries and Other Matters, 1896-1914 The Period 1864-1914 Considered as a Whole References Index"

Reviews

Judged by the knowledge, wisdom, and insight it contains, this is one of the best bargains in any book store. One who seeks to understand the preposterous financial system which evolved from 1690 through 1914 cannot do better than to start here. -Economic Reform ?Judged by the knowledge, wisdom, and insight it contains, this is one of the best bargains in any book store. One who seeks to understand the preposterous financial system which evolved from 1690 through 1914 cannot do better than to start here.?-Economic Reform Hixson's work (will be) important to aiding society in breaking out of the trap into which bad monetary policy has placed us. -John H. Hotson Professor of Economics University of Waterloo

Hixson's work (will be) important to aiding society in breaking out of the trap into which bad monetary policy has placed us. -John H. Hotson Professor of Economics University of Waterloo

Author Information

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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