The Collected Works of Walter Bagehot: The economic essays |
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Стр. 41
... and should promptly raise the rate of interest in order to main- tain that reserve , is in fact a rule of very modern origin . Before the panic of 1857 , indeed before 1860 , it was never really observed at all .
... and should promptly raise the rate of interest in order to main- tain that reserve , is in fact a rule of very modern origin . Before the panic of 1857 , indeed before 1860 , it was never really observed at all .
Стр. 224
Indeed , though the political economy of Adam Smith penetrated deep into the Continent , what has been added in England since has never done so equally ; though if our ' science ' is true , the newer work required a greater intellectual ...
Indeed , though the political economy of Adam Smith penetrated deep into the Continent , what has been added in England since has never done so equally ; though if our ' science ' is true , the newer work required a greater intellectual ...
Стр. 227
They are like physiolo- gists who have never dissected ; like astronomers who have never seen the stars ; and , in consequence , just when they seem to be reasoning at their best , their knowledge of the facts falls short .
They are like physiolo- gists who have never dissected ; like astronomers who have never seen the stars ; and , in consequence , just when they seem to be reasoning at their best , their knowledge of the facts falls short .
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Late Monetary Articles 186676 Closely Related | 9 |
One Banking Reserve or The Economist | 18 |
Will the Money Market Take The Economist | 27 |
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able abstract Adam advantage ages amount Bagehot Bank of England bankers beginning believe better bills called capital capitalist causes classes coin coinage common consider considerable cost course currency deal demand deposits desire difficulty discussion doubt Economist effect employed employment English equal exchange existing fact France give given gold greater idea important increase industry interest issue keep kind labour land least less live London matter means Mill mind nature necessary never notes obtain persons political economy population possible practical present principle probably produce profit quantity question reason reserve result rule Scotch securities seems society supply suppose theory things thought trade true unit Volume wages wealth whole writing