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Product ID: 881
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Thornton, Henry, M.P. Nature of Paper Credit 1st USA 1807

An Inquiry [Enquiry] into the Nature and Effects of the Paper Credit of Great Britain.  Thornton, Henry.  Philadelphia, James Humphreys, 1807. Octavo. Pp. 272. Notes, index.  A very good copy in generally good internal condition, evenly age toned. - First American edition. It was first published in London in 1802 as "An Enquiry into the Nature and Effects of the Paper Credit of Great Britain and Serious Reflections on Paper Money in General". Henry Thornton (1760-1815), English merchant and banker. Was director of the Bank of England, and for 30 years member of Parliament. In his "Enquiry." he systemized ideas on money, circulation, interest, price, and employment. Though very successful in his own day, the "Enquiry." was gradually forgotten until Hollander, Viner, and others rediscovered it and drew attention to its anticipations of modern monetary theory. (Blaug and Sturges, 1983). , ex-Long island Historical Society Library copy, re-bound in modern half leather, gilt titles.   


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