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As it is much easier to compare different lengths by expressing them in a
common language of feet and inches, so it is much easier to compare values by
means of a common language of pounds, shillings, and pence. In no other way
It would have been as simple a plan, and would have answered the purpose as
well, to have enacted that “a hundred” should always be interpreted to mean five,
which would have effected the same reduction in all pecuniary contracts, and ...
What he really lends is so much capital; the money is the mere instrument of
transfer. But the capital usually passes from the lender to the receiver through the
means either of money, or of an order to receive money, and at Value of Money, ...
We shall return to this subject before long : at present it is enough to say, that by
Value I shall always mean Exchange Value, and by money the medium of
exchange, not the ... The supply of a commodity means the quantity offered for
But in the case of money, which is desired as the means of universal purchase,
the demand consists of everything which people have to sell ; and the only limit to
what they are willing to give, is the limit set by their having nothing more to offer.
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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