Principles of Political Economy: With Some of Their Applications to Social Philosophy, Том 2Wirtschaft und Finanzen, 1848 |
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Сторінка 72
... issuers which could have been produced by the coins which they purported to represent ; governments began to think that it would be a happy device if they could appropriate to themselves this benefit , free from the condition to which ...
... issuers which could have been produced by the coins which they purported to represent ; governments began to think that it would be a happy device if they could appropriate to themselves this benefit , free from the condition to which ...
Сторінка 74
... issuers , in exchange for notes . All additional notes , therefore , which are attempted to be forced into circulation after the metals have been completely superseded , will return upon the issuers in exchange for coin ; and they will ...
... issuers , in exchange for notes . All additional notes , therefore , which are attempted to be forced into circulation after the metals have been completely superseded , will return upon the issuers in exchange for coin ; and they will ...
Сторінка 75
With Some of Their Applications to Social Philosophy John Stuart Mill. issuers may add to it indefinitely , lowering ... issuers may have , and in the case of a government paper , always have , a direct interest in lowering the value of ...
With Some of Their Applications to Social Philosophy John Stuart Mill. issuers may add to it indefinitely , lowering ... issuers may have , and in the case of a government paper , always have , a direct interest in lowering the value of ...
Сторінка 76
... issuers , being not so liable to great and sudden demands , since there never can be any real doubt of its solvency . Against this small advantage is to be set , in the first place , the possibility of fraudulent tampering with the ...
... issuers , being not so liable to great and sudden demands , since there never can be any real doubt of its solvency . Against this small advantage is to be set , in the first place , the possibility of fraudulent tampering with the ...
Сторінка 78
... issuers of the paper must have pro- perty , either of their own , or entrusted to them , to the value of all the notes they issue ; though for what purpose , does not very clearly appear ; for if the property cannot be claimed in ...
... issuers of the paper must have pro- perty , either of their own , or entrusted to them , to the value of all the notes they issue ; though for what purpose , does not very clearly appear ; for if the property cannot be claimed in ...
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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