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By this contrivance, all the business transactions of the City of London during that
day, amounting often to millions of pounds, and a vast amount besides of country
transactions, represented by bills which country bankers have drawn upon ...
The average amount of bills in existence at any one time is supposed greatly to
exceed a hundred millions sterling.” The bank note circulation of Great Britain
and Ireland seldom exceeds forty millions, and the increase in speculative
periods at ...
worth, at the English cost of production, a million yards of cloth. ... she can sell her
million of cloth for two millions of linen; being the quantity that the German
clothiers are enabled to make, by transferring their whole labour and capital from
Suppose for example that n is less than m ; or, reverting to our former figures, that
the million yards of cloth, which ... to sell her million of cloth at the German cost of
production (viz. for two millions of linen) and would gain the whole advantage ...
Suppose that England possessed a currency wholly metallic, of twenty millions
sterling, and that suddenly twenty millions of bank notes were sent into circulation
. If these were issued by bankers, they would be employed in loans, or in the ...
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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