Principles of Political Economy: With Some of Their Applications to Social Philosophy, Том 2Appleton, 1923 |
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Сторінка 7
... equivalent , 5. Should the issue of bank notes be confined to a single estab- lishment ? . 228 • 242 6. Should the holders of notes be protected in any peculiar manner against failure of payment ? . 245 CHAPTER XXV . Of the Competition ...
... equivalent , 5. Should the issue of bank notes be confined to a single estab- lishment ? . 228 • 242 6. Should the holders of notes be protected in any peculiar manner against failure of payment ? . 245 CHAPTER XXV . Of the Competition ...
Сторінка 26
... equivalent given for the use of capital , or in other words , interest , is not only called the interest of money , but , by a grosser perversion of terms , the value of money . This misapplication of lan- guage , assisted by some ...
... equivalent given for the use of capital , or in other words , interest , is not only called the interest of money , but , by a grosser perversion of terms , the value of money . This misapplication of lan- guage , assisted by some ...
Сторінка 27
... equivalent expres- sions . We shall proceed to illustrate this proposition more fully . And in doing this , the reader will remark a great difference between the class of questions which now occupy us , and those which we previously had ...
... equivalent expres- sions . We shall proceed to illustrate this proposition more fully . And in doing this , the reader will remark a great difference between the class of questions which now occupy us , and those which we previously had ...
Сторінка 30
... equivalent . This , it must be observed , is a property peculiar to money . We did not find it to be true of commodities gen- erally , that every diminution of supply raised the value exactly in proportion to the deficiency , or that ...
... equivalent . This , it must be observed , is a property peculiar to money . We did not find it to be true of commodities gen- erally , that every diminution of supply raised the value exactly in proportion to the deficiency , or that ...
Сторінка 40
... equivalent to a trifling seignorage . From this cause , the value of coin is in general slightly above that of the bullion it contains . An ounce of gold , according to the quan- tity of metal in a sovereign , should be worth 37. 17s ...
... equivalent to a trifling seignorage . From this cause , the value of coin is in general slightly above that of the bullion it contains . An ounce of gold , according to the quan- tity of metal in a sovereign , should be worth 37. 17s ...
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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