"UNQUESTIONABLY THE MOST PROMINENT AND BEST KNOWN" OF THE AMERICAN ECONOMIC WRITERS: WALKER ON MONEY
WALKER, Francis. Money. London: Macmillan, 1878. Octavo, original red cloth. $1500.
First edition of this work on money supply and international bimetallism, in original cloth.
In this widely influential series of lectures Walker addresses the money supply question, a topic of vital importance during an era of continued industrial expansion. Money, Walker argues, includes banknotes and anything else used as a medium of exchange. He urges countries to adopt the system of international bimetallism (the use of silver and gold) as the truest path towards fiscal responsibility. In addition to these and other theoretical contributions, Walker helped to systematize and greatly improve the teaching of economics while president of the Massachusetts Institute of Technology. "Unquestionably the most prominent and best known of American [economic] writers" (F.W. Tausig, quoted in DAB X:343-44). Bookplate.
Interior quite nice, only minor rubbing and soiling to cloth. A near-fine copy.