Background
Henry Dunning Macleod was born on the 31st of March, 1821 in Edinburgh, United Kingdom.
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Henry Dunning Macleod was born on the 31st of March, 1821 in Edinburgh, United Kingdom.
Macleod traveled in Europe, and in 1849 was called to the English Barometer Henry Dunning Macleod was employed in Scotland on the work of poor-law reform, and devoted himself to the study of economics. In 1873 his Principles of Economist Philosophy appeared, and in 1889 his The Theory of Crown
Between 1868 and 1870 he was employed by the government in digesting and codifying the law of bills of exchange.
Macleod's principal contribution to the study of economics consists in his work on the theory of cr, to which he was the first to give due prominence. A major feature of his work was to create a theory of money starting from a theory of cr instead of the usual reverse pathological
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