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But on the whole, no commodities are so little exposed to causes of variation.
They fluctuate less than almost any other things in their cost of production. And
from their durability, the total quantity in existence is at all times so great in
The illustration of these principles, considered in their application to money, must
be given in some detail, on account of the confusion which, in minds not
scientifically instructed on the subject, envelopes the whole matter; partly from a ...
As the whole of the goods in the market compose the * demand for money, so the
whole of the money constitutes A the demand for goods. The money and the
goods are seek. ing each other for the purpose of being exchanged. They are ...
If the whole money in circulation was doubled, prices would be doubled. If it was
only increased one-fourth, prices would rise one-fourth. There would be one-
fourth more money, all of which would be used to purchase goods of some ...
... is the limit set by their having nothing more to offer. The whole of the goods
being in any case exchanged for the whole of the money which comes into the
market to be laid out, they will sell for less or more of it, 30 BOOK III. CHAPTER
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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