The Economics of Business Life

Originally published in 1933, this book presents a guide to the interrelationship between business and economics.

Henry Penson (Author)

9781107586604, Cambridge University Press

Paperback / softback, published 19 November 2015

246 pages
20.5 x 12.8 x 1.5 cm, 0.33 kg

Originally published in 1933, this book presents a guide to the interrelationship between business and economics by the renowned economist and historian Sir Henry Penson (1864–1955). The text was written with a twofold purpose in mind: 'to present a kind of economic background for a picture of business life, and to fill in the details of the picture by describing something of the machinery by which that business life is carried on'. A practical perspective is maintained throughout, although historical information on various business institutions is also provided. This book will be of value to anyone with an interest in the relationship between economics and business.

Part I. The Economic Side of Life: Preface
1. The ordinary business of life
2. The economic machine
3. The development of economic life
4. The function of capital
Part II. Business Life and Institutions: 5. The joint stock company
6. The keeping of accounts
7. Presenting the accounts
8. Reading the balance sheet
9. The development of the banking system
10. The banks at work
11. The Bank of England
12. The financial crisis of 1931 and the Gold Standard
13. Some aspects of international trade
14. Some business institutions
Index.

Subject Areas: Economics of industrial organisation [KCD]