This paper discusses a recently discovered unpublished manuscript, 'The Elements of Commerce Delineated in Aphorisms', which can now be attributed to Joseph Massie, author of The Natural Rate of Interest (1750). It is conjectured that Massie wrote this manuscript to present pithily the outline...

The bicentenary celebration of the publication of Henry Thornton's An Enquiry into the Nature and Effects of the Paper Credit of Great Britain (1802) presents an appropriate time for a reconsideration of this great work on monetary economics. This paper highlights Thornton's criticisms of Adam...

By 2000, Ireland had achieved a remarkable macroeconomic performance producing 10% economic growth, a budget surplus, and a very low debt to GDP ratio. Emigration had disappeared and there was significant immigration from Eastern Europe. By November 2010, economic growth was significantly...

This paper highlights Thornton's criticisms of Adam Smith along with his lender of last resort analysis'. It suggests that there are three Mr. Thorntons who appear in Paper Credit. The first is the concerned antideflationist of the first section of the book. The second is the worried...

This paper attempts to show the importance of history in influencing the structure of corporate ownership in France. The strong concentration of family ownership in France is traced to historical weaknesses in the money and capital markets that forced families to have recourse to self-financing....