Tag: John Stuart Mill

  • The Practicals Take A Hand (Part I)

    Bankers who were Adam Smith’ contemporaries noted the political economist’s relative lack of curiosity about their business. They remembered the South Sea Bubble of 1720. They connected it with the experience of the Ayr Bank in 1772, as well as the other bank crises of 1745, 1763. They knew, too, that the British banking system […]