Alfred Mitchell-Innes

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.

FamilyEdit

 
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.

CareerEdit

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, where he founded Al Ahly SC on 24 April 1907.[1]

He later worked as a 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,[2] which led to the publication of the second, 'Credit theory of money'.[3] 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".[4]

In retirement he joined Bedford Town Council, serving twice: from 1921 to 1931 and from 1934 to 1947.

PublicationsEdit

  • '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.

NotesEdit

  1. ^ alahlyegypt. "أول مجلس في تاريخ الأهلي". alahlyegypt.com. Archived from the original on 2 July 2020.
  2. ^ Keynes, John Maynard, 'What is money?', Economic Journal, 24:95 (September 1914), pp.419-21
  3. ^ David Graeber: Debt: The First 5,000 Years, Publisher: Melville House; Reprint edition (November 27, 2012, ISBN 1612191290
  4. ^ L. Randall Wray, Credit and state theories of money: the contributions of A. Mitchell Innes, p.223

ReferencesEdit

  • Ruvigny and Raineval, The Marquis of, The Blood Royal of Britain - Tudor Roll, London, 1903, p. 550.
  • Kelly's Handbook to the Titled, Landed, and Official Classes, 69th edition, London, 1943.
  • Black, Adam & Charles, Who's Who, London, 1945, p. 1910.
  • *L. Randall Wray, ed. (2004). Credit and State Theories of Money: The Contributions of A. Mitchell Innes. Edward Elgar Publishing. ISBN 1-84376-513-6.
  • Kampa, Alex, Money, Credit Conversion and the legacy of Mitchell-Innes, Godel Press, 2016