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(ROBBINS, Lionel.) BARBOUR, David.

The Theory of Bimetallism.

London, Cassell & Company, Limited, [c. 1885] Stock Code: 140546
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First 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).

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Octavo. Original brown cloth, spine lettered in gilt.


Binding lightly rubbed, hinges tender, some light foxing. A good copy.


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