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01114pab a2200169 454500 |
| 008 - FIXED-LENGTH DATA ELEMENTS--GENERAL INFORMATION |
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180718b2000 xxu||||| |||| 00| 0 eng d |
| 100 ## - MAIN ENTRY--PERSONAL NAME |
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| Personal name |
Banerji, Arun |
| 245 ## - TITLE STATEMENT |
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| Title |
London's rejection of Lytton's 1878 gold standard proposal: revealed for the first time, and examined |
| 260 ## - PUBLICATION, DISTRIBUTION, ETC. |
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| Date of publication, distribution, etc. |
2000 |
| 300 ## - PHYSICAL DESCRIPTION |
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| Extent |
p.551-65 |
| 362 ## - DATES OF PUBLICATION AND/OR SEQUENTIAL DESIGNATION |
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| Dates of publication and/or sequential designation |
12 Feb |
| 520 ## - SUMMARY, ETC. |
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| Summary, etc. |
As silver fell vis-a-vis gold in the 1870s, to remit home charges in gold (on which "The very existence of the British Government in India depends", Lytton) became a problem, worsened by reduced capital inflow, and capital flight. So in 1878 Lytton proposed a gold standard, upvaluing, and making the rupee a token - unconventional and in parts flawed. Experts and the Indian Office rejected it rudely. This episode is revealed here for the first time, and examined. The historian of economic analysis will detect a likeness of Lytton's proposal with the exchange standard soon to be cobbled by London, and defended by Keynes in 1913. - Reproduced |
| 650 ## - SUBJECT ADDED ENTRY--TOPICAL TERM |
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| Topical term or geographic name entry element |
Gold - Great Britain |
| 650 ## - SUBJECT ADDED ENTRY--TOPICAL TERM |
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| Topical term or geographic name entry element |
Gold |
| 773 ## - HOST ITEM ENTRY |
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| Main entry heading |
Economic and Political Weekly |
| 909 ## - |
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| -- |
44010 |
