The Theory of Bimetallism.London, Cassell & Company, Limited, [c. 1885] Stock Code: 140546
NotesFirst edition, the copy of the economist Lionel Robbins, with his ownership signature to half-title, and with a slip of his jottings loosely inserted. Robbins, along with Keynes, was the leading British economist during the inter-war period; at the London School of Economics, he "dominated the economics department for thirty years and built it up to its pre-eminent position in British economics" (ODNB). This was the first book on bimetallism authored by the David Barbour (1841-1928), administrator in India. "Barbour feared that a continued fall in the price of silver against gold would lead to a depression in the Indian domestic economy, limiting the spread of commercialization and the use of money. Thus he argued consistently in favour of a return to bimetallism - the use of both precious metals at a stable exchange rate in international monetary transactions - and was one of the substantial minority (five out of twelve) of the royal commission on gold and silver in 1886 that argued in favour of such a system. However, he knew that bimetallism could only be re-established by virtually unanimous international agreement, and that it was very unlikely that such an agreement could ever be secured" (ODNB).
Octavo. Original brown cloth, spine lettered in gilt.
Binding lightly rubbed, hinges tender, some light foxing. A good copy.
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