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A tailor, who had nothing but coats, might starve before he could find any person
having bread to sell who wanted a coat: besides, he would not want as much
bread at a time as would be worth a coat, and the coat could not be divided.
When gold and silver had become virtually a medium of exchange, by becoming
the things for which people generally sold, and with which they generally bought,
whatever they had to sell or to buy; the contrivance of coining obviously ...
A person who parts with money to obtain commodities, unless he intends to sell
them, appears to the imagination to be making a worse bargain than a person
who parts with commodities to get money; the one seems to be spending his
... but as they would have to sell it for money if he did not, and as he is a seller at
any rate, it best suits the purposes of all, that he should sell their share along with
his own, and leave the labourers more leisure for work and the landlord for ...
Things which by barter would exchange for one another, will, if sold for money,
sell for an equal amount of it, and so will exchange for one another still, though
the process of exchanging them will consist of two operations instead of only one.
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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