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Excerpt from Indian Finance: Currency and Banking This book is designed to furnish a description and criticism of the existing currency system in India. I have also dealt with certain subjects which are more or less directly connected with the currency question, such as Banking, the State Bank, the Railway Policy, the Public Debt, etc. Part of this book has appeared in the form of articles in the Modern Review, the East and West, the Commonweal and the Statist (London), and I cordially thank the editors of these periodicals for their permission to reprint the same. The appendices contain the full text of Sir James Bigbie's Note of dissent, summary of the Report of the Royal Commission on Indian Finance and Currency, the evidence, and extracts from the criticisms of the Report by Professor Nicholson and "Asiaticus." A bibliography is also added. The difficulties of the subject are very real to its writer, who has consequently aimed earnestly at clearness, risking platitude and iteration to achieve it. Its shortcomings will be pardoned, by considerate readers, on the ground of the limited leisure in which it was written. 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.
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John Maynard Keynes, was an English economist whose ideas fundamentally changed the theory and practice of macroeconomics and the economic policies of governments. He built on and greatly refined earlier work on the causes of business cycles, and is widely considered to be one of the most influential economists of the 20th century and the founder of modern macroeconomics. His ideas are the basis for the school of thought known as Keynesian economics and its various offshoots.