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British Currency School

2011-01-04T08:49:47Z

Blake.williams:

{{Wikipedia text}}
The '''British Currency School''' was a group of British economists, active in the 1840s and 1850s, who argued that the excessive issuing of [[banknote]]s was a major cause of [[price inflation]], and believed that, in order to restrict circulation, issuers of new banknotes should be required to hold an equivalent value of [[gold]] as a reserve. In these beliefs they were supporting the provisions of the [[Bank Charter Act 1844|1844 Bank Charter Act]], which had been passed by the [[Conservative Party (UK)|Conservative]] government of [[Robert Peel]].

The leading figure of the school was [[Samuel Jones-Loyd, Baron Overstone|Lord Overstone]], the British politician and banker. His role in the debate was analysed and criticised by [[Henry Meulen]].

The currency school was opposed by members of the [[British Banking School]], who argued that currency issue could be naturally restricted by the desire of bank depositors to redeem their notes for gold.

==External links==
*[http://cepa.newschool.edu/het/schools/bullion.htm The Bullionist Controversy] at the [http://cepa.newschool.edu/het/ History of Economic Thought] website

[[Category:History of economic thought]]
[[Category:Classical economics]]

British Currency School

2011-01-04T08:42:49Z

Blake.williams:

The '''British Currency School''' was a group of British economists, active in the 1840s and 1850s, who argued that the excessive issuing of [[banknote]]s was a major cause of [[price inflation]], and believed that, in order to restrict circulation, issuers of new banknotes should be required to hold an equivalent value of [[gold]] as a reserve. In these beliefs they were supporting the provisions of the [[Bank Charter Act 1844|1844 Bank Charter Act]], which had been passed by the [[Conservative Party (UK)|Conservative]] government of [[Robert Peel]].

The leading figure of the school was [[Samuel Jones-Loyd, Baron Overstone|Lord Overstone]], the British politician and banker. His role in the debate was analysed and criticised by [[Henry Meulen]].

The currency school was opposed by members of the [[British Banking School]], who argued that currency issue could be naturally restricted by the desire of bank depositors to redeem their notes for gold.

==External links==
*[http://cepa.newschool.edu/het/schools/bullion.htm The Bullionist Controversy] at the [http://cepa.newschool.edu/het/ History of Economic Thought] website

[[Category:History of economic thought]]
[[Category:Classical economics]]

British Currency School

2011-01-04T08:41:17Z

Blake.williams:

The '''British Currency School''' was a group of British economists, active in the 1840s and 1850s, who argued that the excessive issuing of [[banknote]]s was a major cause of [[price inflation]], and believed that, in order to restrict circulation, issuers of new banknotes should be required to hold an equivalent value of [[gold]] as a reserve. In these beliefs they were supporting the provisions of the [[Bank Charter Act 1844|1844 Bank Charter Act]], which had been passed by the [[Conservative Party (UK)|Conservative]] government of [[Robert Peel]].

The leading figure of the school was [[Samuel Jones-Loyd, Baron Overstone|Lord Overstone]], the British politician and banker. His role in the debate was analysed and criticised by [[Henry Meulen]].

The currency school was opposed by members of the [[British Banking School]], who argued that currency issue could be naturally restricted by the desire of bank depositors to redeem their notes for gold.

== External Links ==
*[http://cepa.newschool.edu/het/schools/bullion.htm The Bullionist Controversy] at the [http://cepa.newschool.edu/het/ History of Economic Thought] website

[[Category:History of economic thought]]
[[Category:Classical economics]]

British Currency School

2011-01-04T08:39:13Z

Blake.williams: Created page with "The '''British Currency School''' was a group of British economists, active in the 1840s and 1850s, who argued that the excessive issuing of banknotes was a major cause of [[..."

The '''British Currency School''' was a group of British economists, active in the 1840s and 1850s, who argued that the excessive issuing of [[banknote]]s was a major cause of [[price inflation]], and believed that, in order to restrict circulation, issuers of new banknotes should be required to hold an equivalent value of [[gold]] as a reserve. In these beliefs they were supporting the provisions of the [[Bank Charter Act 1844|1844 Bank Charter Act]], which had been passed by the [[Conservative Party (UK)|Conservative]] government of [[Robert Peel]].

The leading figure of the school was [[Samuel Jones-Loyd, Baron Overstone|Lord Overstone]], the British politician and banker. His role in the debate was analysed and criticised by [[Henry Meulen]].

The currency school was opposed by members of the [[British Banking School]], who argued that currency issue could be naturally restricted by the desire of bank depositors to redeem their notes for gold.

== External Links ==
*[http://cepa.newschool.edu/het/schools/bullion.htm The Bullionist Controversy] at the [http://cepa.newschool.edu/het/ History of Economic Thought] website

[[Category:History of economic thought]]
[[Category:Classical economics]]

[[fr:Currency school]]
[[ja:通貨学派]]