A Treatise on Money and Essays on Present Monetary ProblemsWilliam Blackwood and sons, 1888 - 375 стор. |
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A Treatise on Money and Essays on Present Monetary Problems Joseph Shield Nicholson Повний перегляд - 1888 |
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actual Adam Smith adopted argument assignats assume Bank of England bank-notes banking reserve become bi-metallism bullion cent century circulation civilised coinage commercial commodities compared consequence contracts convenient currency demand depreciation of silver effect example exports fact fall in prices fixed ratio France gold and silver gold coins gold countries gold prices gold-using countries Government Gresham's Law important inconvertible increase index numbers India industrial John Law kind labour Law's level of prices means measure medium of exchange ment monetary nations nominal value notes observed obtain paper payments pound sterling practical precious metals present price of silver principles production profits purchasing power regards relative values remain rise in prices Scotland silver countries silver prices silver-using countries simply sovereign standard money stimulus suppose theory things tion TOKEN COINS token money tokens trade value of gold wages wealth weight whilst
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Сторінка 5 - No merchant would contract to deliver goods without making some stipulation about the quality of the coin in which he was to be paid. Even men of business were often bewildered by the confusion into which all pecuniary transactions were thrown. The simple and the careless were pillaged without mercy by extortioners whose demands grew even more rapidly than the money shrank. The price of the necessaries of life, of shoes, of ale, of oatmeal, rose fast.
Сторінка 293 - that the straight line or distance between the centres of the transverse lines in the two gold plugs in the bronze bar deposited in the office of the Exchequer shall be the genuine standard yard at 62° F., and if lost it shall be replaced by means of its copies.
Сторінка 215 - O ! it is excellent To have a giant's strength ; but tyrannous To use it like a giant.
Сторінка 91 - In consequence, all our credit system depends on the Bank of England for its security ; on the wisdom of the directors of that one joint-stock company it depends whether England shall be solvent or insolvent.
Сторінка 132 - Money is not the value for which Goods are exchanged, but the Value by which they are Exchanged: The use of Money is to buy Goods, and Silver while Money is of no other use.
Сторінка 8 - Everything that tariffs and custom-houses could do was done. Still the great manufactories of Normandy were closed; those of the rest of the kingdom speedily followed, and vast numbers of workmen, in all parts of the country, were thrown out of employment. "In the spring of 1791 no one knew whether a piece of paper money, representing 100 francs, would, a month later, have a purchasing power of 100 francs, or 90 francs, or 80, or 60. The result was that capitalists declined to embark their means...
Сторінка 5 - Yet it may well be doubted whether all the misery which had been inflicted on the English nation in a quarter of a century by bad Kings, bad Ministers, bad Parliaments, and bad Judges, was equal to the misery caused in a single year by bad crowns and bad shillings.
Сторінка 5 - ... by the anvil and by the loom, on the billows of the ocean and in the depths of the mine. Nothing could be purchased without a dispute. Over every counter there was wrangling from morning to night. The workman and his employer had a quarrel as regularly as the Saturday came round.
Сторінка 30 - The decisions of this commission would be published monthly, and payments would be adjusted in accordance with them. Thus, suppose that a debt of one hundred pounds was incurred upon the 1st of July, 1875, and was to be paid back on 1st July, 1878; if the commission had decided in June, 1878, that the value of gold had fallen in the ratio of 106 to 100 in the intervening years, then the creditor would claim an increase of 6 per cent in the nominal amount of the debt.
Сторінка iii - Thoth. A Romance. By JOSEPH SHIELD NICHOLSON, MA, D.Sc., Professor of Commercial and Political Economy and Mercantile Law in the University of Edinburgh. Third Edition. Crown 8vo, 4s.