The Pound Sterling: A History of English Money

The Pound Sterling: A History of English Money

The Pound Sterling: A History of English Money

The Pound Sterling: A History of English Money

Excerpt

The past thirty years have seen a great deal of research in monetary history and also far-reaching changes in monetary theory. Where research has produced new information or revealed errors of fact I have, of course, made the necessary alteration. Matters of opinion and judgement presented greater difficulty; where a view different from that of the author has come to be almost universally accepted, I have made a change; where, however, a matter is still controversial, I have felt that I should leave the author to speak for himself, even though the view expressed might not coincide exactly with my own. Few changes were necessary in the earlier part. As the narrative came nearer to the present, however, alterations became larger and more frequent, and I reluctantly decided to rewrite entirely the sections dealing with the period after the Overend, Gurney crisis. This, together with an account of developments during the past thirty years, forms the last three chapters. In these I have allowed myself greater freedom than in the rest of the text; though I have tried to follow the general scope laid down by Sir Albert Feavearyear, the full responsibility, both for matters of fact and judgement, is my own.

E. VICTOR MORGAN

Swansea July 1962 . . .

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