Money and Business Cycles in Britain, 1870–1913

  • Forrest Capie
Part of the International Economic Association book series (IEA)


Friedman and Schwartz’s work on the monetary history of the USA, especially the evidence presented in ‘Money and Business Cycles’(1963) had a profound impact on our views on the American economy. Their work drew attention to the need for similar studies of other countries. But surprisingly no long-period study of the cycle after 1870 was ever carried out for Britain. Even more surprisingly in the latest and avowedly quantitative economic history textbook on Britain (Floud and McCloskey, 1981) there is no chapter on money. There is a brief dismissal of the role of money in the cycle.


Business Cycle Money Supply Economic History Money Growth Branch Banking 
These keywords were added by machine and not by the authors. This process is experimental and the keywords may be updated as the learning algorithm improves.


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Copyright information

© International Economic Association 1991

Authors and Affiliations

  • Forrest Capie
    • 1
  1. 1.City UniversityLondonUK

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