ALFRED MITCHELL-INNES

WIKIPEDIA

This is an extract from the wikipedia entry

Reviewer comment:
As the reader can see from the brief biographical entry Mitchell-Innes had a very distinguished public career. But his considerable interest to us today is the important contributions to the understanding of 'money' that comes from two articles he published in 1913 and 1914. These have been reprinted by L. Randall Wray in his book, Credit and State Theory of Money in 2004. But Dr. Wray's interest and purpose was for Innes' ideas to support the Chartalist theory of Modern Monetary Theory - MMT. So the contributors to Credit and State have followed that purpose. The entire book has been scanned by Arno Mong Daastoel and is available in PDF format.

Alfred Mitchell-Innes (30 June 1864 – 13 February 1950) was a British diplomat, economist and author. He had the Grand Cross of the Order of Medjidieh conferred upon him by Abbas II, Khedive of Egypt.

Family:
Former residence of Alfred Mitchell-Innes in Washington, D.C. The youngest child of Alexander Mitchell-Innes (1811–1886) of Ayton, and Whitehall (near Chirnside), Berwickshire, by his second spouse Fanny Augusta (1821–1902), daughter of James Vine, in Puckaster, Isle of Wight, Alfred was born at 2 Forres Street, Edinburgh.
He married (her second marriage) in 1919, Eveline (d. 28 December 1946), daughter of Sir William Miller, 1st Baronet of Manderston, Berwickshire. Career Educated privately, he entered the British Diplomatic Service in 1890 and was appointed to Cairo the next year. In 1896 he became financial advisor to Chulalongkorn the Great (Rama V), King of Siam. In 1899 he was appointed Under-Secretary of State for Finance in Egypt, and was Counselor at the British Embassy in Washington, D.C. from 1908 to 1913.
He was Minister to Uruguay from 1913 to 1919, after which he retired.
While in Washington, he wrote two articles on money and credit for The Banking Law Journal. The first, 'What is Money?', received an approving review from John Maynard Keynes, which led to the publication of the second, 'Credit theory of money'. Long forgotten and rediscovered decades later, the articles have been praised as "the best pair of articles on the nature of money written in the twentieth century". In retirement he joined Bedford Town Council, serving twice: from 1921 to 1931 and from 1934 to 1947.

Publications 'Love and The Law: a study of Oriental justice', Hibbert Journal, January 1913, pp. 273–296.
'What is Money', The Banking Law Journal, May 1913, pp. 377–408
'The Credit Theory of Money', The Banking Law Journal, Vol. 31 (1914), Dec./Jan., pp. 151–168.
Martyrdom in our Times: Two essays on prisons and punishments, Williams & Norgate: London, 1932.