‎Graeber, David‎
‎Debt‎

‎A Defence of an Essay on the Publick Debts of this Kingdom, &c. In Answer to a Pamphlet, entitled A State of the National Debt, &c. - [THE NATIONAL DEBT OF ENGLAND]‎

‎London, J. Peele, 1727. 8vo. Without wrappers. A fine and clean copy. 72 pp.‎

‎Scarce first edition of Gould's influential treatise in which he declared that the interest on government securities should be kept near ""the natural interest of money,"" as defined by Locke. Gould's essay is the very first work commenting on England's massive debt burden in the 18th century and it anticipates the major economic debate on the role of national debt and The Sinking Fund by 50 years. Gould documented that since 1716 the national debt had been greatly reduced and he argued that in time, by the application of the principle of compound interest, the sinking fund would pay off all of the national debt. To support this argument he showed that one million pounds, accumulating at four percent compound interest, would amount in 105 years to 1575 millions. ""The English public was in fact so nervous [by the massive national debt] that the Pitt government in 1786 resumed, on a larger scale and more seriously, the policy of paying an annual sum into a Sinking Fund. The plan adopted is usually attributed to the suggestion of Richard Price, [1772]. Sir Nathaniel Gould had published similar views before [in the present publication]. (Schumpeter, History of Economic Analysis, 327).""Gould appears, in fact, to have been the first person to have employed those arguments on behalf of the policy of simultaneously borrowing and repaying which subsequently became an accepted element in financial theory. [...] Gould had complete confidence in the permanence of and the efficacy of the sinking fund"". (Wormell, National Debt in Britain. P. 41)Kress 3695Goldsmith 6548Hanson 3737Hollander 932Houkes: p. 405(Not in Einaudi, but lists it. See Einaudi Vol. p. 400)‎

‎The Debt-Deflation Theory of Great Depressions. - [FISHER'S 'DEBT DEFLATION THEORY']‎

‎[Menasha, Wisconsin], The Econometric Society, 1933. Royal8vo. In a contemporary black half calf binding with gilt lettering to spine. In ""Econometrica"", Vol. 1, 1933. Entire volume offered. Light wear to extremities and small stamp to title-page. A fine copy. Pp. 339-357. [Entire volume: (4), 448 pp.].‎

‎First edition of Fisher's seminal work in which he introduced the concept of 'Debt deflation': a theory of economic cycles that holds that recessions and depressions are due to the overall level of debt shrinking (deflating): the credit cycle is the cause of the economic cycle.The theory was developed by Irving Fisher following the Wall Street Crash of 1929 and the ensuing Great Depression. The debt deflation theory was familiar to John Maynard Keynes prior to Fisher's discussion of it, but he found it lacking in comparison to what would become his theory of liquidity preference. The theory, however, has enjoyed a resurgence of interest since the 1980s, both in mainstream economics and in the heterodox school of post-Keynesian economics, and has subsequently been developed by such post-Keynesian economists as Hyman Minsky and Steve Keen and by the mainstream economist Ben Bernanke. ""During the Great Depression, observing the catastrophes of the world around him, which he shared personally, Fisher came to quite a different theory of the business cycle from the simple monetarist version he had espoused earlier. This was his 'Debt-deflation theory of depression', summarized in the first volume of Econometrica, the organ of the international society he helped to found. The essential features are that debt-financed Schumpeterian innovation fuel a boom, followed by a recession between excessive real debt burdens and deflation. Note the contrast to the Pigou real balance effect, according to which prices declines are the benign mechanism that restores full-employment equilibrium. The realism is all on Fisher's side. This theory of Fisher's has room for the monetary and credit cycles of which he earlier complained, and for the perversely pro-cyclical real interest rate movements mentioned above.""‎

‎Public Debt, Public Finance, Money and Balance of Payments in Debtor Countries 1890-1932/1933, B16- Proceedings Twelfth International Economic History Congress‎

‎ Fundacion Fomento de la Historia Economica 17 x 24 Sevilla 1998 Broché, 187 p. Session B16 du congrès de Madrid 1998. Sommaire : International Lending, debtor countries and the Great Depression, Derek H. Aldcroft / Three strategies for solving the foreign debt problem : historical experience, Serguei A. Afontsev / Le prix de la crédibilité : dettes publiques et stabilité de l'étalon or en Europe, 1880-1914, M. Flandreau and J. Le Cacheux / Public deficit, debt, monetary policy and external equilibrium, Spain, 1880-1930 / Monetary evolution, public finance and balance of payments : Portugal, 1891-1990 / Nuno Valerio / Foreign direct investment within a reconstructed balance of payments. Preliminary results for Belgium, 1879-1939, Wim Peeters / Money circulation, public debt and the balance of Russia, 1880-1914, Yuri A. Petrov / Debt, investment, and international capital mobility : Canada, Australia and Argentina, 1880-1980, Trevor J.O. Dick / Endeudamiento, finanzas publicas y balanza de pagos en la Argentina, 1880-1914, Andrés M. Regalsky. Exemplaire à l'état neuf.(C85) Livre 8447204529‎

‎M. A. Kurchinsky Land Debt. In Russian (ask us if in doubt)/Kurchinskiy M. A. Po‎

‎M. A. Kurchinsky Land Debt. In Russian (ask us if in doubt)/Kurchinskiy M. A. Po. Land debt statistics in Austria Germany France Italy and Russia. Petrograd. Type of series. SKUalb853068e6226924e6.‎

‎Lykova L.N. Krylova N.B. Chebanova A.B. Regional Debt Policy: Russian Practi‎

‎Lykova L.N. Krylova N.B. Chebanova A.B. Regional Debt Policy: Russian Practi. Moscow: Nauka. 2003. 266 p. SKUalb818e8d73907c53c3.‎