MILL ET LA CRISE DE 1825

Alain Beraud

No 2013-12, THEMA Working Papers from THEMA (THéorie Economique, Modélisation et Applications), Université de Cergy-Pontoise

Abstract: Mill on the crisis of 1825 This article studies the crisis which, in 1825, affected the English economy and the works that John Stuart Mill, Thomas Tooke and John Ramsay McCulloch dedicated to its analysis. McCulloch and Tooke maintain that the organization of the English banking system played, if not in the origin at least in the development of the crisis, a remarkable role. Mill, on the contrary, thinks that the crisis is the effect of over-trading and that it would have developed as well in a system where the currency would have consisted in species. This crisis is for him a credit crisis. This analysis which seems the best to give a full account of this crisis is, besides, the most innovative. The article clarifies its implications for the monetary theory and for the analysis of business cycles.

Keywords: Crisis; Financial Crisis; Overtrading; Mill; Tooke; McCulloch. (search for similar items in EconPapers)
JEL-codes: B12 B31 E32 G01 N13 (search for similar items in EconPapers)
Date: 2013
New Economics Papers: this item is included in nep-his and nep-hpe
References: Add references at CitEc
Citations:

Downloads: (external link)
http://thema.u-cergy.fr/IMG/documents/2013-12.pdf (application/pdf)

Related works:
Journal Article: Mill et la crise de 1825 (2013)
Working Paper: Mill et la crise de 1825 (2013)
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:ema:worpap:2013-12

Access Statistics for this paper

More papers in THEMA Working Papers from THEMA (THéorie Economique, Modélisation et Applications), Université de Cergy-Pontoise Contact information at EDIRC.
Bibliographic data for series maintained by Stefania Marcassa ( this e-mail address is bad, please contact ).