The Currency Question (Illustrated)

Business & Finance, Economics, Macroeconomics, Theory of Economics
Cover of the book The Currency Question (Illustrated) by John Mill, AS Team
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Author: John Mill ISBN: 1230000275115
Publisher: AS Team Publication: October 19, 2014
Imprint: Language: English
Author: John Mill
ISBN: 1230000275115
Publisher: AS Team
Publication: October 19, 2014
Imprint:
Language: English

The book has an active table of contents for easy access to each chapter.

John Stuart Mill made essential contributions to social theory, political theory and political economy. He has been called "the most influential English-speaking philosopher of the nineteenth century".

However, John Mill was also an important contributor for the foundation of modern monetary theory. John Mill's views on monetary theory were developed with his methodological approach, in which reactions to practical problems directed theoretical inquiry, instead of theory developing separately from policy questions. Mill’s focus on monetary theory at his time was how to deal with the periodic recessions and financial disruptions that were occurring.

John Mill looked into the economic aspect of the monetary theory through this essay. He through the essay argued “A commercial crisis is the recoil of prices, after they have been raised by speculation higher than is warranted by the state of the demand and of the supply. Speculation is almost always set in motion by something which affords apparent grounds for expecting either an extra demand or a deficient supply. But the anticipation may, in the first place, be erroneous; in the second, however rational it may be, the speculation (especially where the prospect of gain is considerable) is very likely to be overdone, each speculator conducting his operations as if he alone knew the circumstances on which the hope of profit is grounded.”

The work influenced Irving Fisher who completed his great works such as The Debt-deflation Theory of Great Depressions and The Theory of Interest .

John Mill is known as one of the founders of economics. This is a must-read book for people who are interested in the deepest thoughts about monetary theory by John Mill, one of the greatest thinkers on the planet.

 

 

 

View on Amazon View on AbeBooks View on Kobo View on B.Depository View on eBay View on Walmart

The book has an active table of contents for easy access to each chapter.

John Stuart Mill made essential contributions to social theory, political theory and political economy. He has been called "the most influential English-speaking philosopher of the nineteenth century".

However, John Mill was also an important contributor for the foundation of modern monetary theory. John Mill's views on monetary theory were developed with his methodological approach, in which reactions to practical problems directed theoretical inquiry, instead of theory developing separately from policy questions. Mill’s focus on monetary theory at his time was how to deal with the periodic recessions and financial disruptions that were occurring.

John Mill looked into the economic aspect of the monetary theory through this essay. He through the essay argued “A commercial crisis is the recoil of prices, after they have been raised by speculation higher than is warranted by the state of the demand and of the supply. Speculation is almost always set in motion by something which affords apparent grounds for expecting either an extra demand or a deficient supply. But the anticipation may, in the first place, be erroneous; in the second, however rational it may be, the speculation (especially where the prospect of gain is considerable) is very likely to be overdone, each speculator conducting his operations as if he alone knew the circumstances on which the hope of profit is grounded.”

The work influenced Irving Fisher who completed his great works such as The Debt-deflation Theory of Great Depressions and The Theory of Interest .

John Mill is known as one of the founders of economics. This is a must-read book for people who are interested in the deepest thoughts about monetary theory by John Mill, one of the greatest thinkers on the planet.

 

 

 

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