Search Results: elements of the science of money by smith john prince

HardPress Publishing, 2012-08-01. Paperback. Good.

Hardback. New.

London: Longman,, 1813. A call for sound money in the aftermath of the Bullion Report First edition. The work defends free trade and opposes devaluation and paper currency on grounds of natural law. It was written in the context of the Bullion Report, sharply increasing public debt with the Napoleonic Wars, and the expansion of paper currency. Smith charts the nature of money, its history, the variations in its value, its increase by commerce, the duties of the state to uphold fair coinage, and the banking system. Smith opposes paper currency, as threatening the ruin of the state, and as inherently inflationary. Primarily a barrister, Smith (1774-1822) edited the New Law Journal (3 vols., 1804–6) and published a collection of reports of cases in the king's bench between 1803 and 1806. His major legal case was acting as counsel for Daniel Isaac Eaton who published Thomas Paine's Age of Reason. He took a close interest in economics, and aside from this work also published Advice for the Petitioners… Read More