Details
THORNTON, Henry (1760-1815). An Enquiry into the Nature and Effects of the Paper Credit of Great Britain. London: Hatchard and Rivington, 1802. 8° (227 x 141mm). Half-title. (Some spotting, and light soiling, mostly in the margins.) Uncut with deckle edges in contemporary blue half roan, red morocco spine label (spine scuffed, extremities rubbed). Provenance: John Moxon (bookplate).
FIRST EDITION OF THORNTON'S 'MOST ENDURING LEGACY'. Mill described this important contribution to monetary economics, produced in the wake of the 1797 banking crisis, as 'the clearest exposition that I am acquainted with, in the English language, of the modes in which credit is given and taken in a mercantile community.' Overall, 'the work provided a complete account of the English monetary system: not only the circulation of money, but also a detailed discussion of how the Bank of England should act to prevent instability, and also how to deal with instability whenever it occurred' (ODNB). Einaudi 5617; Goldsmiths' 18526; Kress B-4612; Stephens p. 32.
FIRST EDITION OF THORNTON'S 'MOST ENDURING LEGACY'. Mill described this important contribution to monetary economics, produced in the wake of the 1797 banking crisis, as 'the clearest exposition that I am acquainted with, in the English language, of the modes in which credit is given and taken in a mercantile community.' Overall, 'the work provided a complete account of the English monetary system: not only the circulation of money, but also a detailed discussion of how the Bank of England should act to prevent instability, and also how to deal with instability whenever it occurred' (ODNB). Einaudi 5617; Goldsmiths' 18526; Kress B-4612; Stephens p. 32.