Principles of Political Economy: With Some of Their Applications to Social Philosophy, Том 2Appleton, 1923 |
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Сторінка 88
... issuers which could have been produced by the coins which they purported to repre- sent ; governments began to think that it would be a happy device if they could appropriate to themselves this benefit , free from the condition to which ...
... issuers which could have been produced by the coins which they purported to repre- sent ; governments began to think that it would be a happy device if they could appropriate to themselves this benefit , free from the condition to which ...
Сторінка 90
... issuers , in exchange for notes . All additional notes , therefore , which are attempted to be forced into circulation after the metals have been completely superseded , will re- turn upon the issuers in exchange for coin ; and they ...
... issuers , in exchange for notes . All additional notes , therefore , which are attempted to be forced into circulation after the metals have been completely superseded , will re- turn upon the issuers in exchange for coin ; and they ...
Сторінка 91
... issuers may add to it indefinitely , lowering its value and raising prices in proportion ; they may , in other words ... issuers may have , and in the case of a government paper , always have , a direct interest in lowering the value of ...
... issuers may add to it indefinitely , lowering its value and raising prices in proportion ; they may , in other words ... issuers may have , and in the case of a government paper , always have , a direct interest in lowering the value of ...
Сторінка 92
... issuers , being not so liable to great and sudden demands , since there never can be any real doubt of its solvency . Against this small advantage is to be set , in the first place , the possibility of fraudulent tampering with the ...
... issuers , being not so liable to great and sudden demands , since there never can be any real doubt of its solvency . Against this small advantage is to be set , in the first place , the possibility of fraudulent tampering with the ...
Сторінка 94
... issuers of the paper must have property , either of their own , or entrusted to them , to the value of all the notes they issue ; though for what purpose does not very clearly appear ; for if the property cannot be claimed in exchange ...
... issuers of the paper must have property , either of their own , or entrusted to them , to the value of all the notes they issue ; though for what purpose does not very clearly appear ; for if the property cannot be claimed in exchange ...
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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