Money

About The Book : The present work differs from the treatise on Money published in 1878, of which it is, in a certain sense, an abridgment, in two respects. In the publication of 1878, comprising lectures delivered in a university, it was sought to trace the history of doctrines, and copious extracts were given with a view to introduce the student to the literature of the subject. The present work, consisting of lectures delivered before a popular audience, in the Lowell Institute of Boston, does not profess to deal with the literature of the Money Question; and I have been content to reach correct results without undertaking, in all or most cases. Something more, however, than a correct terminology is needed to resolve the deep, dark questions which constitute what Gen. Craufurd in his "Reflections on the Circulating Medium," calls "the most intricate, abstruse,complex and subtile parts of political economy." It is, indeed, as Prof. Price declares, "a fatal theme." "I have found no branch of my subject," wrote Sir James Steuart, "so difficult to reduce to principles as the doctrine of Money."