Principles of Political Economy: With Some of Their Applications to Social Philosophy, Том 2Wirtschaft und Finanzen, 1848 |
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Сторінка ix
... equivalent 201 5. Should the issue of bank notes be confined to a single estab- lishment ? 214 6. Should the holders of notes be protected in any peculiar manner against failure of payment ? ................. 216 CHAPTER XXV . Of the ...
... equivalent 201 5. Should the issue of bank notes be confined to a single estab- lishment ? 214 6. Should the holders of notes be protected in any peculiar manner against failure of payment ? ................. 216 CHAPTER XXV . Of the ...
Сторінка 12
... equivalent given for the use of capital , or in other words , interest , is not only called the interest of money , but , by a grosser perversion of terms , the value of money . This mis- application of language , assisted by some ...
... equivalent given for the use of capital , or in other words , interest , is not only called the interest of money , but , by a grosser perversion of terms , the value of money . This mis- application of language , assisted by some ...
Сторінка 13
... equivalent expres- sions . We shall proceed to illustrate this proposition more fully . And in doing this , the reader will remark a great difference between the class of questions which now occupy us , and those which we previously had ...
... equivalent expres- sions . We shall proceed to illustrate this proposition more fully . And in doing this , the reader will remark a great difference between the class of questions which now occupy us , and those which we previously had ...
Сторінка 16
... equivalent . This , it must be observed , is a property peculiar to money . We did not find it to be true of commodities generally , that every diminution of supply raised the value exactly in pro- portion to the deficiency , or that ...
... equivalent . This , it must be observed , is a property peculiar to money . We did not find it to be true of commodities generally , that every diminution of supply raised the value exactly in pro- portion to the deficiency , or that ...
Сторінка 26
... equivalent to a trifling seignorage . From this cause , the value of coin is in general slightly above that of the bullion it contains . An ounce of gold , according to the quantity of metal in a sovereign , should be worth 31. 178. 10d ...
... equivalent to a trifling seignorage . From this cause , the value of coin is in general slightly above that of the bullion it contains . An ounce of gold , according to the quantity of metal in a sovereign , should be worth 31. 178. 10d ...
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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