London's rejection of Lytton's 1878 gold standard proposal: revealed for the first time, and examined
By: Banerji, Arun.
Material type:
ArticlePublisher: 2000Description: p.551-65.Subject(s): Gold - Great Britain | Gold
In:
Economic and Political WeeklySummary: 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
| Item type | Current location | Call number | Vol info | Status | Date due | Barcode |
|---|---|---|---|---|---|---|
Articles
|
Indian Institute of Public Administration | Volume no: 35, Issue no: 7 | Available | AR44416 |
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
There are no comments for this item.