Originally published in 1933 this book discusses the inadequacy of 'orthodox Gold Standard theory' in the light of post-war monetary phenomena. In demonstrating that the Gold Standard had broken down the book explains that the Quantity Theory of Money is an inaccurate explanation of what happens over short periods and that the determining factor in the rise or fall of prices is the Velocity of Circulation. The book makes a plea for a workable Gold Standard operated by an international consortium of Central Banks.
- 270 pages
- English
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A Critique of the Gold Standard
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Index
A B C of the Federal Reserve System, E. W. Kemmerer’s, quoted 41 n.
acceptance rate, bankers’ 87, 237
America Weighs her Gold, J. H. Rogers’, quoted 65, 75 n., 105, 106, 107, 110, 120, 121
Argentina 99, 130
“aureal,” the 219, 220, 227–8, 233
Austria 87, 88, 130, 131, 169
Austrian Reconstruction Loan 230
automatic self-regulation in the distribution of gold 19, 23, 29, 30, 45, 52, 54, 63, 65, 66, 70, 136, 184, 189
balance of trade (1923–29), International Classification of 115, 117, 119
balance sheets, principle of national 120
bank credit 18, 20, 34, 37, 44, 56, 57, 155, 156, 158
bank deposits 20, 34, 35, 37 et seq., 48, 54, 153, 173, 198, 262–5
bank failures 91–3
Bank for International Settlements 168, 169, 171, 215, 221, 230
Bank for International Settlements, P. Einzig’s 215
Bank of England 20 n., 60 n., 76, 96, 99, 181, 182
Bank of France 95, 97, 100, 101, 102, 179, 182, 228
Bank of the Netherlands 102
Bank rate 20–3, 59, 60, 61, 62, 70, 75, 76, 82, 90, 143, 144, 147, 185, 189
banking system and currency-control 189
banks, English 37, 38
banks of issue, task of the 157
barter 13, 16, 209
Belgium 101, 102, 129, 133, 183, 206
bimetallism 13
Bolivia 1...
Table of contents
- Cover
- Half Title
- Title Page
- Copyright Page
- Table of Contents
- I. THE ORTHODOX THEORY OF THE GOLD STANDARD
- II. GOLD MOVEMENTS AND THE PRICE-LEVEL
- III. CENTRAL BANK POLICIES AND THE QUANTITY OF MONEY
- IV. CENTRAL BANK POLICIES AND INTERNATIONAL CAPITAL MOVEMENTS
- V. WAR DEBTS, REPARATIONS, AND TARIFFS
- VI. THE DILEMMA
- VII. TOWARDS A WORKABLE GOLD STANDARD
- VIII. THE THREE EVIL GENII AGAIN
- IX. THE WORLD BANK
- APPENDIX-A STATISTICAL EXAMINATION OF THE DEGREE TO WHICH CENTRAL BANKS MAY ACHIEVE INTERNAL STABILITY
- INDEX
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Yes, you can access A Critique of the Gold Standard by H. L. Puxley in PDF and/or ePUB format, as well as other popular books in Economics & Business General. We have over 1.5 million books available in our catalogue for you to explore.