tailieunhanh - History of Economic Analysis part 33

History of Economic Analysis part 33. At the time of his death in 1950, Joseph Schumpeter-one of the major figures in economics during the first half of the 20th century-was working on his monumental History of Economic Analysis. A complete history of humankind's theoretical efforts to understand economic phenomena from ancient Greece to the present, this book is an important contribution to the history of ideas as well as to economics. | History of economic analysis 282 Law of Lauriston 1907 and Etude critique sur la bibliographie des oeuvres de John Law 1928 . One of his plans was concerned with a land bank that was to issue legal tender paper money up to a certain proportion of the value of land and to receive as deposits for placement money that would otherwise lie idle so that money would never be either too cheap or too dear. In this he followed the English land-bank projectors who must now be mentioned briefly. The landed gentlemen in the House of Commons were no more than were and are any other agrarians able to see why they should not borrow as easily and cheaply as traders or financiers and they did not take kindly to arguments about the difference between a bill and a mortgage. A land bank that among other things might satisfy these longings eventually became a Tory plank when the foundation of the Bank of England was in the offing. At the right time 1693 an intellectual Hugh Chamberlen an obstetrician by profession presented a plan of a land bank where landowners would get loans at 4 per cent and the government would get more money than it had got from the Bank of England. The plan which failed through lack of financial support need not detain us. But there were supporters who attempted to supply it with an analytic background. Barbon as we already know was one. John Asgill Several Assertions republ. in the Hollander series was another his tract illustrates the truth which I try incessantly to emphasize that the fact that we may be able to see some point in that scheme does not in itself salvage every devious argument that may have been put up for it. But John Briscoe Discourse on the Late Funds. 1694 abstract of it in the same year who claimed to have been plagiarized by Barbon and Asgill and was himself accused of having plagiarized Chamberlen did provide some analytic groundwork with respect to which all those accusations are meaningless. Many economists would .