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Money a mere contrivance for facilitating exchanges, which does not affect the
laws of Value, . - e - . 22 CHAPTER VIII. Of the Value of Money, as dependent on
Demand and Supply. t' § 1. Value of Money, an ambiguous expression, -. e e .
Influence of cost of carriage on international values, . . 144 4. The law of values
which holds between two countries, and two commodities, holds of any greater
number, . . 145 5. Effect of improvements in production, on international values, .
The precious metals, as money, are of the same value, and distribute themselves
according to the same law, with the precious metals as a commodity, . - - e . 189 4
. International payments of a non-commercial character, . 191 ChapTER XXII.
Exchange and money make no difference in the law of wages, . ... Influence of the
Progress of Industry and Population on Values and Prices. § 1. Tendency to a
decline of the value and cost of production of all commodities, - - - - - - - 2.
HAVING proceeded thus far in ascertaining the general laws of Value, without
introducing the idea of Money (except occasionally for illustration), it is time that
we should now superadd that idea, and consider in what manner the principles of
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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