Product Description
Alfred Marshall (1842-1924) was the foremost British economist of his time. Among his areas of expertise was monetary analysis. Written in 1923, MONEY, CREDIT, AND COMMERCE devoted to this subject, is his last major work. Among the proposals made in this work for which Marshall is most remembered is the adoption of symmetallism, a plan for the combined use of gold and silver as the monetary base. He expresses his views on the relation of business fluctuations and the credit market to general unemployment. Marshall also sees reckless inflation of credit as the main source of economic instability.
MONEY, CREDIT, AND COMMERCE remains a valuable work for students of economics and monetary policy.