Principles of Political Economy, with Some of Their Applications to Social Philosophy, Том 21862 |
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Сторінка vi
... bank notes than bills · · P 5. the distinction of little practical importance -- 6. Cheques an instrument for acting on prices , equally power- ful with bank notes 7. Are bank notes money 8. No generic distinction between bank notes and ...
... bank notes than bills · · P 5. the distinction of little practical importance -- 6. Cheques an instrument for acting on prices , equally power- ful with bank notes 7. Are bank notes money 8. No generic distinction between bank notes and ...
Сторінка ix
... bank notes or other substitutes for money 3. Effect of the increase of an inconvertible paper currency . Real and nominal exchange . CHAPTER XXIII . Of the Rate of Interest . • § 1. The rate of interest depends on the demand and supply ...
... bank notes or other substitutes for money 3. Effect of the increase of an inconvertible paper currency . Real and nominal exchange . CHAPTER XXIII . Of the Rate of Interest . • § 1. The rate of interest depends on the demand and supply ...
Сторінка 20
... Bank , or retained as a reserve by private bankers , does not act on prices until drawn out , nor even then unless drawn out to be expended in commodities . It frequently happens that money , to a considerable amount , is brought into ...
... Bank , or retained as a reserve by private bankers , does not act on prices until drawn out , nor even then unless drawn out to be expended in commodities . It frequently happens that money , to a considerable amount , is brought into ...
Сторінка 21
... Bank , a sudden increase takes place of the money in the hands of the public ; an increase estimated at from a fifth to two - fifths of the whole issues of the Bank of England . Yet this never has any effect on prices ; and in a very ...
... Bank , a sudden increase takes place of the money in the hands of the public ; an increase estimated at from a fifth to two - fifths of the whole issues of the Bank of England . Yet this never has any effect on prices ; and in a very ...
Сторінка 22
... Bank of England . As soon as the extra payments have been completed , the superfluous " currency , which is estimated at half a million , " as certainly and immediately is reabsorbed and disappears . " * If extra currency were not ...
... Bank of England . As soon as the extra payments have been completed , the superfluous " currency , which is estimated at half a million , " as certainly and immediately is reabsorbed and disappears . " * If extra currency were not ...
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100 days labour 17 yards Adam Smith advantage amount assignats bank notes Bank of England bankers benefit book credits borrow bullion cheaper cheapness cheques circulation circumstances coin commerce consumers corn cost of carriage cost of production dealers debt depend depreciated diminished dities duction effect employed equal equation of international equivalent exactly exchange value existence expense exports fall foreign commodities foreign countries France Germany gold and silver imports improvement increase interchange international demand international values issue issuers labour and capital land law of value less loans lower means medium mode modities obtain paid paper currency payment permanent persons Poland portion pounds pounds sterling precious metals produce proportion purchasing power quantity of money rate of interest rate of profit ratio rise of prices seignorage sell speculation suppose supposition theory things tion transactions value of money wages wanted whole yards of cloth yards of linen