An Enquiry into the Nature and Effects of the Paper Credit of Great Britain
- Henry Thornton (author)
- Friedrich August von Hayek (introduction)
An important work on banking and money which was produced in reaction to the crisis of 1797 when the Bank of England suspended cash payments due to the costs of the wars against France. It has an equally important introduction by Friedrich Hayek.
Key Quotes
Money & Banking
To most of the contemporaries of Henry Thornton his authorship of the book which is now reprinted after one hundred and thirty-six years would by no means have been regarded as his major title to fame. To them the fact that he was a successful banker and a great expert on finance probably appeared…