BOOM-AND-BUST DAMAGE
LAWRENCE, William Beach.
Two Lectures on Political Economy delivered at Clinton Hall, before the Mercantile Library Association of the City of New York.
New York, G. & C & H. Carvill, 1832.
8vo, pp. 72; lower outer corner of the title-page torn, some staining and foxing; disbound from a contemporary miscellany, with the remains of a spine.
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Two Lectures on Political Economy delivered at Clinton Hall, before the Mercantile Library Association of the City of New York.
First edition, uncommon. The author, an American jurist and politician, was the son of Isaac Lawrence, President of the New York Branch of the Bank of the United States and a Presidential Elector. In his Lectures Lawrence deplored speculation as the mechanism which gives rise to boom-and-bust cycles, which are detrimental not only to those who speculates but to all agents in an economy.
Kress C3198.
