Abstract

Price on Currency and Banking
December 30, 1875 issue

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This article focuses on the book "Currency and Banking," by Bonamy Price. The merits of the book lie in its destructive rather than its constructive powers; the fallacious notions which beset the subject are exploded in detail, but the work of reconstructing does not go much further than the establishment of the correct notions in place of the incorrect ones. It cannot, therefore, take any high rank as a scientific treatise on money. The lamentable state of public opinion on the subject does not arise from mere want of knowledge, but from the prevalence of false and groundless opinions; and the first step toward a clear and correct understanding of the subject must consist in the sweeping away of these opinions.

See Also:

CURRENCY & Banking (Book); PRICE, Bonamy; FINANCE; ATTITUDE (Psychology); PUBLIC opinion; BANKS & banking
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