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... difference whether he distributes it to them directly, or sells it for them and gives
them the price; but as they would have to ... thing, in the economy of . society,
than money; except in the character of a contrivance for sparing time and labour.
If he expends them in establishing a manufactory, he will raise the prices of
labour and materials. ... for all the things which they are accustomed to purchase:
these accordingly will rise in price, and so on until the rise has reached
The labour and expense of coinage, when not charged to the possessor, do not
raise the value of the article. If Government opened an office where, on delivery
of a given weight of yarn, it returned the same weight of cloth to any one who ...
... silver bullion are commodities like any others, and their value depends, like
that of other things, on their cost of production. ... other commodity, as is produced
at a cost equal to its own; meaning hy its own cost the cost in labour and expense
hy its own cost the cost in labour and 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 ...
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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