The New Palgrave Dictionary of Economics

2018 Edition
| Editors: Macmillan Publishers Ltd

Thornton, Henry (1760–1815)

  • David Laidler
Reference work entry


Henry Thornton was born in 1760, the youngest son of John Thornton, a London merchant prominent in the Russian trade. All three of John Thornton’s sons were important in the business community and all three served as Members of Parliament. The eldest, Samuel, followed his father in the Russian trade, was director of the Bank of England, and its Governor between 1799 and 1801; Robert served as Governor of the East India Company for a time, but business reverses were eventually to lead to his emigration to the United States; and Henry become an extremely successful London banker. He died, probably from consumption, in 1815.


Bank of England Bullion Committee Bullionist controversies Central banking Classical theory of money Convertibility Credit Fisher, I. Forced saving Hume, D. Inflation Lender of last resort Monetary economics Neutrality of money Quantity theory of money Real bills doctrine Ricardo, D. Specie Thornton, H. Transfer problem Velocity of circulation Wicksell, J. G. K 

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© Macmillan Publishers Ltd. 2018

Authors and Affiliations

  • David Laidler
    • 1
  1. 1.