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Simon Clement (priest)
Simon Clement (c. 1654 – c. 1730) was an English diplomat and writer on economics. Life Clement spent his early career as a stock jobber and merchant. He served in Vienna as secretary to the Earl of Peterborough on his embassy to the Emperor from 1711–12, later acting as Peterborough’s chargé d'affaires in Vienna from April 1711 until late 1714. What little is known of Clement’s life comes from the British Library’s collection of a series of letters saved by Robert Harley, Earl of Oxford. From the letters we learn that in 1712 Clement was almost 60 years old, that he had a son Daniel in London who attended Oxford University, and that he was married to Mary Hollister. Mary’s niece was Hannah Callowhill, who became William Penn’s second wife in 1696. Through Penn, Clement achieved some influence with Harley. Views on economics Clement’s writings concerned exchange and specialization, paper money, inflation, the money multiplier, scarcity of coins, and internatio ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Stock-jobber
Stockjobbers were institutions that acted as market makers in the London Stock Exchange. The business of stockjobbing emerged in the 1690s during England's Financial Revolution. During the 18th century the jobbers attracted numerous critiques from Thomas Mortimer, Daniel Defoe and others. These writers denounced the use of market manipulation and front running and regarded it as unethical that the jobbers made money without any interest in the stocks involved. The business survived repeated legislation to ban it and became institutionalised. Prior to the "Big Bang" deregulation of 1986, every stock traded on the Exchange passed through a 'jobber's book', that is, they acted as the ultimate purchasers of shares sold and the source of shares purchased, by stockbrokers on behalf of the latters' clients. Stockbrokers in turn were not permitted to be market makers. In the final years of stockjobbing, the leading firms were Akroyd & Smithers, Wedd Durlacher, Pinchin Denny, Smith Broth ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Paper Money
A banknote—also called a bill (North American English), paper money, or simply a note—is a type of negotiable promissory note, made by a bank or other licensed authority, payable to the bearer on demand. Banknotes were originally issued by commercial banks, which were legally required to redeem the notes for legal tender (usually gold or silver coin) when presented to the chief cashier of the originating bank. These commercial banknotes only traded at face value in the market served by the issuing bank. Commercial banknotes have primarily been replaced by national banknotes issued by central banks or monetary authorities. National banknotes are often – but not always – legal tender, meaning that courts of law are required to recognize them as satisfactory payment of money debts. Historically, banks sought to ensure that they could always pay customers in coins when they presented banknotes for payment. This practice of "backing" notes with something of substance is ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
English Businesspeople
English usually refers to: * English language * English people English may also refer to: Peoples, culture, and language * ''English'', an adjective for something of, from, or related to England ** English national identity, an identity and common culture ** English language in England, a variant of the English language spoken in England * English languages (other) * English studies, the study of English language and literature * ''English'', an Amish term for non-Amish, regardless of ethnicity Individuals * English (surname), a list of notable people with the surname ''English'' * People with the given name ** English McConnell (1882–1928), Irish footballer ** English Fisher (1928–2011), American boxing coach ** English Gardner (b. 1992), American track and field sprinter Places United States * English, Indiana, a town * English, Kentucky, an unincorporated community * English, Brazoria County, Texas, an unincorporated community * Engl ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
1730s Deaths
Year 173 ( CLXXIII) was a common year starting on Thursday (link will display the full calendar) of the Julian calendar. At the time, it was known as the Year of the Consulship of Severus and Pompeianus (or, less frequently, year 926 '' Ab urbe condita''). The denomination 173 for this year has been used since the early medieval period, when the Anno Domini calendar era became the prevalent method in Europe for naming years. Events By place Roman Empire * Gnaeus Claudius Severus and Tiberius Claudius Pompeianus become Roman Consuls. * Given control of the Eastern Empire, Avidius Cassius, the governor of Syria, crushes an insurrection of shepherds known as the Boukoloi. Births * Maximinus Thrax ("the Thracian"), Roman emperor (d. 238) * Mi Heng, Chinese writer and musician (d. 198) Deaths * Donatus of Muenstereifel, Roman soldier and martyr (b. AD 140 Year 140 ( CXL) was a leap year starting on Thursday (link will display the full calendar) of the Julian ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
1650s Births
Year 165 ( CLXV) was a common year starting on Monday (link will display the full calendar) of the Julian calendar. At the time, it was known as the Year of the Consulship of Orfitus and Pudens (or, less frequently, year 918 ''Ab urbe condita''). The denomination 165 for this year has been used since the early medieval period, when the Anno Domini calendar era became the prevalent method in Europe for naming years. Events By place Roman Empire * A Roman military expedition under Avidius Cassius is successful against Parthia, capturing Artaxata, Seleucia on the Tigris, and Ctesiphon. The Parthians sue for peace. * Antonine Plague: A pandemic breaks out in Rome, after the Roman army returns from Parthia. The plague significantly depopulates the Roman Empire and China. * Legio II ''Italica'' is levied by Emperor Marcus Aurelius. * Dura-Europos is taken by the Romans. * The Romans establish a garrison at Doura Europos on the Euphrates, a control point for the commercial ro ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Philological Quarterly
The ''Philological Quarterly'' is a peer-reviewed academic journal covering research on medieval European and modern literature and culture. It was established in 1922 by Hardin Craig. The inaugural issue of the journal was made available at sixty cents per copy and included articles on Chaucer, Henry Fielding, and Shakespeare, among others. Berthold Ullman served with three colleagues on the original board of associate editors. Bill Kupersmith guided the journal through disciplinary reorganizations and changing academic norms during his thirty-year service as editor of the journal. The current editor-in-chief An editor-in-chief (EIC), also known as lead editor or chief editor, is a publication's editorial leader who has final responsibility for its operations and policies. The highest-ranking editor of a publication may also be titled editor, managing ... is Eric Gidal. References External links * Publications established in 1922 Quarterly journals University of Io ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
University Of Chicago Press
The University of Chicago Press is the largest and one of the oldest university presses in the United States. It is operated by the University of Chicago and publishes a wide variety of academic titles, including ''The Chicago Manual of Style'', numerous academic journals, and advanced monographs in the academic fields. One of its quasi-independent projects is the BiblioVault, a digital repository for scholarly books. The Press building is located just south of the Midway Plaisance on the University of Chicago campus. History The University of Chicago Press was founded in 1890, making it one of the oldest continuously operating university presses in the United States. Its first published book was Robert F. Harper's ''Assyrian and Babylonian Letters Belonging to the Kouyunjik Collections of the British Museum''. The book sold five copies during its first two years, but by 1900 the University of Chicago Press had published 127 books and pamphlets and 11 scholarly journals, includ ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Adam Smith
Adam Smith (baptized 1723 – 17 July 1790) was a Scottish economist and philosopher who was a pioneer in the thinking of political economy and key figure during the Scottish Enlightenment. Seen by some as "The Father of Economics"——— or "The Father of Capitalism",———— he wrote two classic works, ''The Theory of Moral Sentiments'' (1759) and ''The Wealth of Nations, An Inquiry into the Nature and Causes of the Wealth of Nations'' (1776). The latter, often abbreviated as ''The Wealth of Nations'', is considered his ''magnum opus'' and the first modern work that treats economics as a comprehensive system and as an academic discipline. Smith refuses to explain the distribution of wealth and power in terms of God's will, God’s will and instead appeals to natural, political, social, economic and technological factors and the interactions between them. Among other economic theories, the work introduced Smith's idea of absolute advantage. Smith studied social philos ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Lloyd Mints
Lloyd Wynn Mints (1888–1989) was an American economist, notable for his contributions to the quantity theory of money. Biography Born in South Dakota, Lloyd Mints moved with his family in 1888 to Missouri and then in 1901 to Boulder, Colorado. He received from the University of Colorado his bachelor's degree in 1914 and master's degree in 1915. He was a secondary school teacher in Cripple Creek, Colorado from 1915–1917 and then moved to Washington, D.C. as an analyst in a federal office. In 1918 he was transferred to Chicago. In 1919 Mints enrolled as a graduate student at the University of Chicago, where he was assigned to teach undergraduate courses. He completed several graduate courses in economics and was promoted to assistant professor of political economy in 1923. He taught introductory economics courses until 1928 when he was put in charge of teaching money and banking courses. He retired as professor emeritus in 1953. Mints was an advocate of the view that the Fede ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Real Bills Doctrine
The real bills doctrine says that as long as bankers lend to businessmen only against the security (collateral) of short-term 30-, 60-, or 90-day commercial paper representing claims to real goods in the process of production, the loans will be just sufficient to finance the production of goods. The doctrine seeks to have real output determine its own means of purchase without affecting prices. Under the real bills doctrine, there is only one policy role for the central bank: lending commercial banks the necessary reserves against real customer bills, which the banks offer as collateral. The term "real bills doctrine" was coined by Lloyd Mints in his 1945 book, ''A History of Banking Theory''. The doctrine was previously known as "the commercial loan theory of banking". Moreover, as bank loans are granted to businessmen in the form either of new bank notes or of additions to their checking deposits, which deposits constitute the main component of the money stock, the doctrine assur ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Collateral (finance)
In lending agreements, collateral is a borrower's pledge of specific property to a lender, to secure repayment of a loan. The collateral serves as a lender's protection against a borrower's default and so can be used to offset the loan if the borrower fails to pay the principal and interest satisfactorily under the terms of the lending agreement. The protection that collateral provides generally allows lenders to offer a lower interest rate on loans that have collateral. The reduction in interest rate can be up to several percentage points, depending on the type and value of the collateral. For example, the Annual Percentage Rate (APR) on an unsecured loan is often much higher than on a secured loan or logbook loan. If a borrower defaults on a loan (due to insolvency or another event), that borrower loses the property pledged as collateral, with the lender then becoming the owner of the property. In a typical mortgage loan transaction, for instance, the real estate being acq ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Economist
An economist is a professional and practitioner in the social sciences, social science discipline of economics. The individual may also study, develop, and apply theories and concepts from economics and write about economic policy. Within this field there are many sub-fields, ranging from the broad philosophy, philosophical theory, theories to the focused study of minutiae within specific Market (economics), markets, macroeconomics, macroeconomic analysis, microeconomics, microeconomic analysis or financial statement analysis, involving analytical methods and tools such as econometrics, statistics, Computational economics, economics computational models, financial economics, mathematical finance and mathematical economics. Professions Economists work in many fields including academia, government and in the private sector, where they may also "study data and statistics in order to spot trends in economic activity, economic confidence levels, and consumer attitudes. They assess ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
