9
Edward M. Spiers,
The Army and Society: 1819–1914
(London: Longman, 1980), 121; Robin Moore, ‘Imperial
India, 1858–1914’, in
The Oxford History of the British Empire: The Nineteenth Century
, vol. 3, ed. Andrew Porter
(New York: Oxford University Press, 1999), 442.
10
Vinita Damodaran, ‘Famine in Bengal: A Comparison of the 1770 Famine in Bengal and the 1897 Famine in
Chotanagpur’,
The Medieval History Journal
10:1–2 (2007), 151.
16 The Capitalist Creed
1
Maddison,
World Economy
, vol. 1, 261, 264; ‘Gross National Income Per Capita 2009, Atlas Method and PPP’, the
World
Bank,
accessed
10
December
2010,
http://siteresources.worldbank.org/DATASTATISTICS/Resources/GNIPC.pdf
.
2
The mathematics of my bakery example are not as accurate as they could be. Since banks are allowed to loan $10
for every dollar they keep in their possession, of every million dollars deposited in the bank, the bank can loan out
to entrepreneurs only about $909,000 while keeping $91,000 in its vaults. But to make life easier for the readers I
preferred to work with round numbers. Besides, banks do not always follow the rules.
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