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Such strokes of policy have not wholly ceased to be recommended, but they have
ceased to be practised; except occasionally through the medium of paper money,
in which case the character of the transaction, from the greater obscurity of the ...
... multiplied by the number of purchases made on the average by each piece.
Consequently, the amount of goods and of transactions being the same, the
value of money is inversely as its quantity multiplied by what is called the § ... ? ~\
The state of society may be such, that each piece of money hardly performs more
than one purchase in a year; but if this arises from the small number of
transactions—from the small amount of business done, the want of activity in
... when ambiguity is to be apprehended, to express the idea by the
circumlocution which alone conveys it adequately, namely, the average number
of purchases made by each piece in order to affect a given pecuniary amount of
If there be, at any time, an increase in the number of money transactions, a thing
continually liable to happen from differences in the activity of speculation, and
even in the time of year (since certain kinds of business are transacted only at ...
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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