Principles of Political Economy: With Some of Their Applications to Social Philosophy, Том 2Appleton, 1923 |
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... Depreciation of currency a tax on the community , and a fraud on creditors , PAGE 96 • · 6. Examination of some pleas for committing this fraud , 99 100 • Of Excess of Supply . CHAPTER XIV . 8.1 . Can there be an oversupply of ...
... Depreciation of currency a tax on the community , and a fraud on creditors , PAGE 96 • · 6. Examination of some pleas for committing this fraud , 99 100 • Of Excess of Supply . CHAPTER XIV . 8.1 . Can there be an oversupply of ...
Сторінка 41
... depreciation was great , some of the inferior mines would perhaps stop work- ing altogether and a falling off in the annual supply , pre- venting the annual wear and tear from being completely compensated , would by degrees reduce the ...
... depreciation was great , some of the inferior mines would perhaps stop work- ing altogether and a falling off in the annual supply , pre- venting the annual wear and tear from being completely compensated , would by degrees reduce the ...
Сторінка 48
... depreciation ; since practically that one of the two metals will always be the standard , of which the real has fallen below the rated value . If the tend- ency of the metals be to rise in value , all payments will be made in the one ...
... depreciation ; since practically that one of the two metals will always be the standard , of which the real has fallen below the rated value . If the tend- ency of the metals be to rise in value , all payments will be made in the one ...
Сторінка 91
... depreciate the currency without limit . Such a power , in whomsoever vested , is an intolerable evil . All variations in the value of the circulating medium are mischievous : they disturb existing contracts and expec- tations , and the ...
... depreciate the currency without limit . Such a power , in whomsoever vested , is an intolerable evil . All variations in the value of the circulating medium are mischievous : they disturb existing contracts and expec- tations , and the ...
Сторінка 92
... depreciated , and to what extent . That indication is , the price of the precious metals . When holders of paper cannot demand coin to be converted into bullion , and when there is none left in circu- lation , bullion rises and falls in ...
... depreciated , and to what extent . That indication is , the price of the precious metals . When holders of paper cannot demand coin to be converted into bullion , and when there is none left in circu- lation , bullion rises and falls in ...
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17 yards Adam Smith advantage agricultural amount assignats bank notes Bank of England bankers benefit bills bullion capitalists cause cheaper cheapness cheques circulation circumstances classes coin commerce consumers corn cost of carriage cost of labour cost of production crease days labour dealers debt depend depreciation diminished duction effect employment enable equal equivalent exchange value exist expense exports fall foreign commodities foreign countries France Germany gold and silver imports improvement income increase industry international demand issue issuers labour and capital land law of value les associés less loans lower means ment million modities obtain paid payment permanent persons Poland population portion pounds sterling precious metals produce proportion raise rate of interest rate of profit rent rise of prices savings seignorage sell speculation supply suppose supposition theory things tion trade transactions value of money wages whole yards of cloth yards of linen