The Economics of Business LifeOriginally published in 1933, this book presents a guide to the interrelationship between business and economics by the renowned economist and historian Sir Henry Penson (1864-1955). The text was written with a twofold purpose in mind: 'to present a kind of economic background for a picture of business life, and to fill in the details of the picture by describing something of the machinery by which that business life is carried on'. A practical perspective is maintained throughout, although historical information on various business institutions is also provided. This book will be of value to anyone with an interest in the relationship between economics and business. |
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Adam Smith amount Assets balance of trade Balance Sheet bank notes Bank of England bank rate Bank's Banking Department bills of exchange capital capitalist carried Cash Book Cash in hand CHAPTER cheques coin company's costs currency debit demand deposit accounts deposits directors discount economic machine English entry example exports fiduciary issue financial position foreign given gold reserve Gold Standard Gold Standard Act Government hence important income increase Industrial Revolution industry interest investments Joint Stock Company labour less Liabilities Lloyd's loans London Loss Account machinery manufacturing meeting merchants millions months note issue paid particular payment person Pipe Rolls pound pound sterling price level production Profit and Loss purchase received regarded result securities selling shareholders side sterling Stock Exchange supply term Trading Account transaction various wages wants