Subject
Finance -- Great Britain Books
Best books
Daniel Defoe
An Essay Upon Projects
"An Essay Upon Projects" by Daniel Defoe is an essay collection published in 1697. As Defoe's first published volume, it presents his vision of England as a "Projecting Age" and proposes ambitious plans for the nation's economic and social improvement. The work includes chapters on banks, highways, insurance, and academies, featuring an early proposal for a national insurance scheme. Defoe examines various aspects of English society, from bankrupts to seamen, offering moral criticism alongside practical reforms for transforming his country.
Walter Bagehot
Lombard Street: A Description of the Money Market
"Lombard Street: A Description of the Money Market" by Walter Bagehot is a financial work published in 1873. Written in response to a devastating banking collapse that triggered panic across Britain, the book explains international finance and banking in clear language. Bagehot outlines crucial principles for how central banks should respond during credit crises, offering guidance on lending practices that would protect the financial system while preventing widespread alarm among solvent institutions.
F. (Frederick) Straker
The Money Market
"The Money Market" by F. Straker is a detailed examination of the history and development of England's banking system, written in the early 20th century. It delves into the evolution of banking practices in England, tracing their origins from bartering to modern financial transactions, while emphasizing the pivotal role played by institutions like the Bank of England. The book is likely to appeal to readers interested in economics, financial history, and the intricacies of banking systems. The opening of the book sets the stage by discussing the foundational aspects of banking in England, noting how the Money Market influences all aspects of daily life, regardless of social status. Straker introduces the historical context, tracing banking origins back to early trade practices and highlighting significant milestones, such as the establishment of the Bank of England and the impact of key players like goldsmiths and Jewish merchants. This foundation establishes a narrative that connects historical banking practices to the functioning of the modern monetary system in London.
Hartley Withers
War-Time Financial Problems
"War-Time Financial Problems" by Hartley Withers is a detailed financial commentary written during the post-World War I era. The text reflects on the economic ramifications of the war and examines the financial policies adopted during this time, likely written in the late 1910s, as the world was emerging from the conflict and grappling with its effects on capital and commerce. The book addresses critical issues such as the creation of capital, war finance, and the implications of governmental monetary policies and taxation. At the start of this work, the author introduces the topic of the supply of capital and the conflicting views on its availability in the aftermath of the war. Withers explores concepts related to the definition of capital and suggests that the actual destruction of capital due to warfare may have been overstated. He emphasizes that saving is essential for capital creation, urges the importance of prudent taxation strategies, and points out the dangers of inflation and unsound financial practices. This opening portion sets the stage for a more profound analysis of how wartime financial practices could influence both immediate recovery and long-term economic stability.
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