The Collected Works of Walter Bagehot: The economic essaysHarvard University Press, 1978 |
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Стр. 62
... danger is unreal , artificial , and created by law . There is a risk of our thinking so , because we hear that the danger can be cured by breaking an Act ; but substantially the same danger existed before the Act . In 1825 , when only ...
... danger is unreal , artificial , and created by law . There is a risk of our thinking so , because we hear that the danger can be cured by breaking an Act ; but substantially the same danger existed before the Act . In 1825 , when only ...
Стр. 399
... danger to a bank . Its managers wish to declare a good dividend upon it , and their trade does not necessarily admit of their doing so . The characteristic trade of a banker begins when he begins to use not his own capital , but the ...
... danger to a bank . Its managers wish to declare a good dividend upon it , and their trade does not necessarily admit of their doing so . The characteristic trade of a banker begins when he begins to use not his own capital , but the ...
Стр. 438
... danger we are discussing was not the danger of an unfavourable foreign exchange , but the danger of un- controllable domestic panic . By raising the rate of interest we can cure the foreign drain ; but an increase of the value of money ...
... danger we are discussing was not the danger of an unfavourable foreign exchange , but the danger of un- controllable domestic panic . By raising the rate of interest we can cure the foreign drain ; but an increase of the value of money ...
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Editors Preface | 19 |
Foreign Countries 186376 | 22 |
Note on the Text | 25 |
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Часто встречающиеся слова и выражения
advances alarm amount augmented Bagehot balance Bank directors bank notes Bank of England Bank of France bankers banking department banking reserve bill brokers borrow bullion capital cash cause cent cheque circulation coin commercial commodities companies consequence currency danger dealers demand deposit banking depreciation diminished discount dividend doubt economic Economist effect English evil exchange Exchequer export foreign give gold Governor greater important increase industry joint stock banks joint stock companies keep lend lent less loans Lombard Street London Lord Overstone means ment mercantile merchants metallic money market monopoly nation natural never note issue obtain opinion Overend paid panic paper payment Peel's Act persons present principle private banks profit quantity railway rate of interest rise of prices Scotland securities shareholders Sir Robert Peel's theory trade transactions value of money Walter Bagehot wealth whole