The Theory Of Credit, Volume 2, Part 2

Book excerpt: The Theory of Credit is a comprehensive study of economic theory and its practical applications. Written by Henry Dunning Macleod, a Scottish economist and journalist, this volume covers a wide range of topics, including the history of credit, the nature of capital, and the functions of banks. With its detailed analysis and innovative ideas, this book remains a valuable resource for students and scholars of economics. This work has been selected by scholars as being culturally important, and is part of the knowledge base of civilization as we know it. This work is in the "public domain in the United States of America, and possibly other nations. Within the United States, you may freely copy and distribute this work, as no entity (individual or corporate) has a copyright on the body of the work. Scholars believe, and we concur, that this work is important enough to be preserved, reproduced, and made generally available to the public. We appreciate your support of the preservation process, and thank you for being an important part of keeping this knowledge alive and relevant.