Code: 01892214

Henry Thornton on the Bank of England

Name: Henry Thornton on the Bank of England
Brand: AVM Akademische Verlagsgemeinschaft
SKU: 01892214
Price: 38.23 EUR
Availability: BackOrder

by Oktan Erdikmen

Language: English
Binding: Paperback
Number of pages: 88
Publisher: AVM Akademische Verlagsgemeinschaft, 2012
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Book synopsis

Henry Thornton is a British monetary policy theorist who made important contributions to economics literature. He also made an impact in the areas of politics, social sciences and religion. Thornton is known as the father of the modern central bank thanks to his contributions to monetary policy with the publication of his only but very influential book, the Paper Credit. The years in which Thornton wrote his book was characterized by a period of economic turmoil after the era of abundance. The war against France caused panic and suspension of cash payments in 1793. The gold standard was abandoned. These historical changes provided Thornton an understanding of such events.