Principles of Political Economy, with Some of Their Applications to Social Philosophy, Том 21862 |
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Сторінка 24
... expense , this would of course be done until the quantity in circulation was so much diminished as to equalize its value with that of the same weight in bullion . It may be thought however that the coin , though it cannot be of less ...
... expense , this would of course be done until the quantity in circulation was so much diminished as to equalize its value with that of the same weight in bullion . It may be thought however that the coin , though it cannot be of less ...
Сторінка 25
... expense of coinage , as is reasonable , upon the holder , by making a charge to cover the expense , ( which is done by giving back rather less in coin than has been received in bullion , and is called levying a seignorage ) , the coin ...
... expense of coinage , as is reasonable , upon the holder , by making a charge to cover the expense , ( which is done by giving back rather less in coin than has been received in bullion , and is called levying a seignorage ) , the coin ...
Сторінка 26
... expenses of coinage , according as those expenses are borne by the individual or by the state . This simplifies extremely the question which we have here to consider : since gold and silver bullion are commodities like any others , and ...
... expenses of coinage , according as those expenses are borne by the individual or by the state . This simplifies extremely the question which we have here to consider : since gold and silver bullion are commodities like any others , and ...
Сторінка 27
... expense , at the least productive sources of supply which the then existing demand makes it necessary to work . The average value of gold is made to conform to its natural value in the same manner as the values of other things are made ...
... expense , at the least productive sources of supply which the then existing demand makes it necessary to work . The average value of gold is made to conform to its natural value in the same manner as the values of other things are made ...
Сторінка 28
... expenses will be greater : his profits therefore being diminished or annihilated , he will diminish his production , if not abandon his employment . In this manner it is that the value of money is made to conform to the cost of ...
... expenses will be greater : his profits therefore being diminished or annihilated , he will diminish his production , if not abandon his employment . In this manner it is that the value of money is made to conform to the cost of ...
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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