num_pages: 253
description: This original contribution to monetary theory was occasioned by the practical controversy surrounding the 1844 Bank Charter Act. In bolstering Thomas Tooke's challenge to Currency School orthodoxy, Fullarton improved its presentation and developed the theoretical basis of the argument in several important respects. T.E. Gregory appraised this work as "perhaps the most subtle and able production emanating from the Banking School"; Marx recognized Fullarton as among "the best writers on money" and Keynes was impressed with this "most interesting contribution to monetary thought." "Many of Fullarton's arguments later resurfaced in the Racliffe Report of 1959 and are still today being 'rediscovered'." The New Palgrave
language: English
title: On the Regulation of Currencies: Being an Examination of the Principles on Which It is Proposed to Restrict, Within Certain Limits, the Future Issues on Credit of the Bank of England and of the Other Banking Establishments Throughout the Country
publisher: A. M. Kelley