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Focusing on theories of credit, Henry Dunning Macleod pioneered a unique approach to understanding money, reversing the conventional perspective by deriving monetary theory from credit theory. He is recognized for coining "Gresham's law," which addresses the effects of money's valuation discrepancies. Despite being less celebrated than his contemporaries, Macleod's contributions significantly shaped economic thought in his era.
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The Elements of Political Economy, Henry Dunning Macleod
- Language
- Released
- 2007
- product-detail.submit-box.info.binding
- (Paperback)
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- Title
- The Elements of Political Economy
- Language
- English
- Authors
- Henry Dunning Macleod
- Publisher
- Cosimo Classics
- Released
- 2007
- Format
- Paperback
- Pages
- 620
- ISBN13
- 9781602069794
- Category
- Business and Economics
- Description
- Focusing on theories of credit, Henry Dunning Macleod pioneered a unique approach to understanding money, reversing the conventional perspective by deriving monetary theory from credit theory. He is recognized for coining "Gresham's law," which addresses the effects of money's valuation discrepancies. Despite being less celebrated than his contemporaries, Macleod's contributions significantly shaped economic thought in his era.