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The direct benefits of commerce consist in increased efficiency of the productive
powers of the world, . - . 131 4. — not in a vent for exports, nor in the gains of
merchants, . 132 5. Indirect benefits of commerce, economical and moral; still
... either by industry, commerce, or conquest. To the qualities which originally
recommended them, another came to be added, the importance of which only
unfolded itself by degrees. Of all commodities, they are among the least
influenced by ...
But unhappily the same phrase is also employed, in the current language of
commerce, in a very different sense. Money, which is so commonly understood
as the synonyme of wealth, is more especially the term in use to denote it when it
is the ...
When this plan is adopted, it is naturally the more costly Imetal which is left to be
bought and sold as an article of commerce. But nations which, like England,
adopt the more costly of the two as their standard, resort to a different expedient
(In a state of commerce in which much credit is habitually given, general prices at
any moment depend much more upon the state of credit than upon the quantity of
moneyz For credit, though it is not productive power, is purchasing power; and ...
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LibraryThing ReviewРецензія користувача - JohnPhelan - LibraryThing
Pragmatic or muddled? Mill sets out to explore economic principles but, ultimately, finds that there is no principle which doesn't have any amount of conceivable exceptions. You have to wonder why its ... Читати огляд повністю