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The Problem of Credit Policy

£16.99

Product description

Review of the book in Economica Journal of November 1935:
"Mr Durbin starts with an analytical chapter on the relations between consumers' income and outlay and capital accumulation and saving.  Two chapters follow on the dynamics of the industrial and financial circulations, tracing the effects of an 'injection' of money into the economic system, and of expansion through consumers' credits and producers' credits.

There follows a chapter on the Choice of Policy.  The choice of objectives is between (1) the stabilisation of the price level of commodities, (2) a 'constant circulation' (i.e. a constant total money value of transactions or turnover), (3) stabilisation of the consumers' income.  Mr Durbin advocates the last of the three, and proceeds to consider what statistical information and what methods of monetary regulation would be necessary to carry it into effect.

Mr Durbin is one of those economists who make monetary theory much more difficult than it need be, in that by introducing hypotheses, ostensibly of a simplifying character, they raise problems which are quite different from those of real life, and which therefore do not need to be solved at all."

The book does not have a dust jacket.  There is a little bumping and rubbing to the covers of the book.  A name is written on the front free end paper.  There is light to moderate tanning to the front and rear free end papers.  Inside, the pages are clean and the binding is sound.

Item details

Added value:
First Edition
Author(s):
Durbin, E.F.M.
Condition:
Used: good
Dimensions:
8vo - 8 - 10
Dimensions:
8.75" by 5.75"
Edition:
First, 1935
Number of pages:
267
Publisher:
Chapman & Hall Ltd
Title:
The Problem of Credit Policy

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About this item

Review of the book in Economica Journal of November 1935:
"Mr Durbin starts with an analytical chapter on the relations between consumers' income and outlay and capital accumulation and saving.  Two chapters follow on the dynamics of the industrial and financial circulations, tracing the effects of an 'injection' of money into the economic system, and of expansion through consumers' credits and producers' credits.

There follows a chapter on the Choice of Policy.  The choice of objectives is between (1) the stabilisation of the price level of commodities, (2) a 'constant circulation' (i.e. a constant total money value of transactions or turnover), (3) stabilisation of the consumers' income.  Mr Durbin advocates the last of the three, and proceeds to consider what statistical information and what methods of monetary regulation would be necessary to carry it into effect.

Mr Durbin is one of those economists who make monetary theory much more difficult than it need be, in that by introducing hypotheses, ostensibly of a simplifying character, they raise problems which are quite different from those of real life, and which therefore do not need to be solved at all."

The book does not have a dust jacket.  There is a little bumping and rubbing to the covers of the book.  A name is written on the front free end paper.  There is light to moderate tanning to the front and rear free end papers.  Inside, the pages are clean and the binding is sound.

Added value:
First Edition
Author(s):
Durbin, E.F.M.
Condition:
Used: good
Dimensions:
8vo - 8 - 10
Dimensions:
8.75" by 5.75"
Edition:
First, 1935
Number of pages:
267
Publisher:
Chapman & Hall Ltd
Title:
The Problem of Credit Policy

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