Indian Currency and Banking Problems (Classic Reprint) - Hardcover

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Excerpt from Indian Currency and Banking Problems

The indifi'erence or scepticism of the average man of affairs is no doubt due in a great measure to his education; but it is also due inpart to_the general character of the writings of acknowledged authorities on the subject. Owing to their desire tonproduce a system, a connected whole, the older writers almost always included their remarks on the practical aspects of economics in the one single treatise relat ing to the whole science. And though of late the tendency is discernible to write monographs on specific subjects - notably in American writers, they still use a phraseology and an imagery reminiscent more of the schoolroom than of the bourse or the counting-house. The result is that the practical business man views with an ill-concealed suspicion the efforts of the academicians to encroach upon what he thinks his own preserves. And so the know ledge of the basic principles of the science of Our reney and Banking, as well as its relation to the development of industry and commerce, is not so. Widely spread as may be desired.

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