The case against bimetallism
Author(s)
Bibliographic Information
The case against bimetallism
(The collected works of Robert Giffen)
Thoemmes, 1995
Available at 22 libraries
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Note
Reprint. Originally published: London : George Bell & Sons, 1892 (2nd ed.)
Includes index
Description and Table of Contents
Description
Sir Robert Giffen (1837-1910) was a prolific writer on economic, financial and statistical subjects. His main contributions were his accurate measurement and prediction of such indicators as wage rates, economic growth and national product. These works were originally published between 1880 and 1904. Primarily a statistician, Giffen's keen eye for the pitfalls of prediction encouraged the study of statistics in Britain. He contributed greatly to the debate on Ireland, believing the country to be overtaxed in comparison with Britain, and advocating the reduction of the representation of Ireland in the imperial parliament. He promoted the idea of boring a tunnel under the Irish Sea to promote closer uniion between Ireland and Britain. Although he tried to avoid political partisanship, he occasionally criticized the policy of ministers of the crown, having delivered an indictment of the finances of Gladstone's home rule proposals. A strong individualist, Giffen viewed any infraction of the rule of "laissez-faire" with suspicion, but did concede that a slight preference to colonial imports might be justified politically.
He recommended that investors inform and judge for themselves the course of their business and not be swayed by bankers, brokers or friends. He also favoured the concept of "free banking", whereby a cheque may be drawn upon by any person, whether a banker or not. He remains one of the pioneers of applied economics in its modern sense.
Table of Contents
"Essays in Finance", first series, Vol 1 (1880). "Essays in Finance", second series, Vol 2 (1886). "The Growth of Capital" (1889). "The Case Against Bimetallism" (1892). "Economic Enquiries and Studies", two volumes, (1904).
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