EconPapers    
Economics at your fingertips  
 

Mill et la crise de 1825

Alain Beraud ()

Post-Print from HAL

Abstract: 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; Crise; crise financière; spéculation; Mill; Tooke; McCulloch (search for similar items in EconPapers)
Date: 2013-03
New Economics Papers: this item is included in nep-his and nep-hpe
Note: View the original document on HAL open archive server: https://halshs.archives-ouvertes.fr/halshs-00865697
References: Add references at CitEc
Citations: Track citations by RSS feed

Published in Revue d'Economie Politique, Dalloz, 2013, 123 (2), pp.237-264

Downloads: (external link)
https://halshs.archives-ouvertes.fr/halshs-00865697/document (application/pdf)

Related works:
Journal Article: Mill et la crise de 1825 (2013) Downloads
Working Paper: MILL ET LA CRISE DE 1825 (2013) Downloads
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:hal:journl:halshs-00865697

Access Statistics for this paper

More papers in Post-Print from HAL
Bibliographic data for series maintained by CCSD ().

 
Page updated 2020-09-08
Handle: RePEc:hal:journl:halshs-00865697