The Nature and Effects of Money; and Credit as its Substitute

Reviews Chinese ethical philosophy and presents a political-economy essay on money—division of labour, why gold and silver serve as money, coinage, and money as measure of value.

Lyman Hotchkiss Atwater (February 23, 1813 – February 17, 1883) was an American Presbyterian philosopher, theologian, and educator who served as a long-time professor of logic, moral and intellectual philosophy at the College of New Jersey (Princeton) and lectured at Princeton Theological Seminary. Born in Cedar Hill, New Haven, Connecticut, he graduated from Yale, ministered for twenty years in Fairfield, Connecticut, and became a prolific writer and contributor to The Princeton Review. Throughout his life he remained deeply involved in Presbyterian scholarship and church affairs, and was honored with an LL.D. from Yale in 1871.

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