Principles of Political Economy: With Some of Their Applications to Social Philosophy, Том 2Wirtschaft und Finanzen, 1848 |
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Сторінка 79
... assignats , during the French Revolution , were a model of a currency grounded on these principles . The assignats " represented " an immense amount of highly valuable pro- perty , namely the lands of the crown , the church , the monas ...
... assignats , during the French Revolution , were a model of a currency grounded on these principles . The assignats " represented " an immense amount of highly valuable pro- perty , namely the lands of the crown , the church , the monas ...
Сторінка 80
... assignats to the same amount . There can be no question about the superiority of this plan over the one actually adopted . Had this course been followed , the assignats could never have been depreciated to the inordinate degree they ...
... assignats to the same amount . There can be no question about the superiority of this plan over the one actually adopted . Had this course been followed , the assignats could never have been depreciated to the inordinate degree they ...
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Adam Smith advantage agricultural amount assignats bank notes Bank of England bankers benefit bills bullion cause cheaper cheques circulation circumstances coin commercial commodities consequence consumers corn corn laws cost of production currency dealers debt degree demand depend depreciation diminished direct tax duty effect employed employment England equal equivalent exchange exchange value existing expense exports fall favour France Germany gold and silver greater imports improvement income increase industry issue labour and capital land landlords law of value less loans lower means ment mode necessary obtain paid paper payment person population portion pounds precious metals present principle produce proportion quantity of money raise rate of interest rate of profit rent revenue rise of price seignorage sell speculation supply suppose taxation things tion tithe trade transactions value of money wages wealth whole yards of cloth yards of linen