Henry Dunning Macleod

Henry Dunning Macleod (* 1821 in Edinburgh, † 1902) was a Scottish political economist.

Life

Macleod was devoted to the first legal career and was initiated as a result of a process by which he was employed in 1854 to a thorough study of the theory of credit. It appeared his " Theory and practice of banking" (1856, 4th edition 1883, 2 ​​vols ). This was followed by "The elements of political economy " (1858, new ed ud T.: "Principles of economical philosophy", 1872-75, 2 vols ), "Elements of banking" (1876, 4th edition 1881) and "Elements of economics" ( 1881-87, 2 vols ). The "Dictionary of Political Economy " (1863 ) remained unfinished.

Work

After Macleod credit denotes a legal claim, and as such would be an independent capital in addition to the money that is the subject of the claim. This practically not acceptable idea has recently been fought by the knee in his work on money and credit with success.

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• Economist (19th Century )
• Person ( Edinburgh)
• Briton
• Scotsman
• Born in 1821
• Died in 1902
• Man