Lanterna Rally

Author: Mohan Lal Tannan

Publisher:

Published: 2015-07-20

Total Pages: 346

ISBN-13: 9781331901808

Excerpt from Indian Currency and Banking Problems The attention which the study of Economics ii? all its branches is now receiving dates from quite recent times. It is, therefore, more academic than practical in character. The much talked of man in the street has still but the haziest notions about the nature and scope of the science, which, alone perhaps among the liberal sciences, concerns most intimately the everyday life of all human beings. Whether professed economist or not we are all interested and concerned to know why prices fluctuate; incomes rise or fall; taxes are imposed or repealed. But, until quite recently, the men who would be best qualified to analyse and explain these phenomena studiously avoided any attempt which would make them suspected of any leanings towards academic discussion. If the science as a whole is thus treated with indifference, if not contempt, we can hardly expect its more specialised branches to receive greater attention, however closely they touch our ordinary relations in life. It is true, indeed, that certain branches of the economic- science did receive a great deal of attention long before the science as such was formulated; and among these branches the place of honour belongs by right and by tradition to finance public as well as private. But the professors of these branches in the bygone times were all practical statesmen and financiers, whose greatness is too well established by now not to admit that they acted most frequently by the rule of thumb methods, leaving little room for the broad and well-conceived generalisation science. About the Publisher Forgotten Books publishes hundreds of thousands of rare and classic books. Find more at www.forgottenbooks.com This book is a reproduction of an important historical work. Forgotten Books uses state-of-the-art technology to digitally reconstruct the work, preserving the original format whilst repairing imperfections present in the aged copy. In rare cases, an imperfection in the original, such as a blemish or missing page, may be replicated in our edition. We do, however, repair the vast majority of imperfections successfully; any imperfections that remain are intentionally left to preserve the state of such historical works.