Principles of Political Economy, with Some of Their Applications to Social Philosophy, Том 2D. Appleton, 1896 |
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Сторінка 39
... coin than has been received in bullion , and is called levying a seignorage ) , the coin will rise , to the extent of the seignorage , above the value of the bullion . If the mint kept back one per cent , to pay the expense of coinage ...
... coin than has been received in bullion , and is called levying a seignorage ) , the coin will rise , to the extent of the seignorage , above the value of the bullion . If the mint kept back one per cent , to pay the expense of coinage ...
Сторінка 40
... coin can be ob- tained , occasioning a loss of interest , which , to the holder , is 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 ...
... coin can be ob- tained , occasioning a loss of interest , which , to the holder , is 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 ...
Сторінка 41
... coin , as we have seen , conforming in its value to the bullion - money will be of high value , and the prices of all things , labour included , will be low . These low prices will lower the expenses of all producers ; but as their re ...
... coin , as we have seen , conforming in its value to the bullion - money will be of high value , and the prices of all things , labour included , will be low . These low prices will lower the expenses of all producers ; but as their re ...
Сторінка 45
... and consequently by the cost of production , of the equivalent given for them ; and money , where it is an imported com- modity . is subject to the same law . CHAPTER X. OF A DOUBLE STANDARD , AND SUBSIDIARY COINS VALUE OF MONEY . 45.
... and consequently by the cost of production , of the equivalent given for them ; and money , where it is an imported com- modity . is subject to the same law . CHAPTER X. OF A DOUBLE STANDARD , AND SUBSIDIARY COINS VALUE OF MONEY . 45.
Сторінка 46
... coin called a sovereign should be equivalent to twenty of the silver coins called shillings : both the one and the other being called , in the ordinary money of account of the coun- try , by the same denomination , a pound : and it ...
... coin called a sovereign should be equivalent to twenty of the silver coins called shillings : both the one and the other being called , in the ordinary money of account of the coun- try , by the same denomination , a pound : and it ...
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Загальні терміни та фрази
17 yards Adam Smith advantage agricultural amount assignats bank notes Bank of England bankers bills bullion capitalists cause cheaper cheapness cheques circulation circumstances coin commerce consumers corn cost of carriage cost of labour cost of production crease days labour dealers debt depend depreciation diminished duction effect employment equal equivalent exchange value exist expense exports fall foreign commodities foreign countries France Germany gold and silver greater imports improvement increase industry international demand issue issuers labour and capital land law of value less loans lower means ment million modities mon language obtain paid payments permanent persons Poland population portion pounds precious metals produce proportion quantity of money raise rate of interest rate of profit rent rise of prices seignorage sell shillings speculation suppose supposition things tion trade transactions value of money wages wanted whole yards of cloth yards of linen
Популярні уривки
Сторінка 395 - Every tax ought to be levied at the time, or in the manner, in which it is most likely to be convenient for the contributor to pay it.
Сторінка 135 - It is hardly possible to overrate the value, in the present low state of human improvement, of placing human beings in contact with persons dissimilar to themselves, and with modes of thought and action unlike those with which they are familiar.
Сторінка 538 - The only case in which, on mere principles of political economy, protecting duties can be defensible, is when they are imposed temporarily (especially in a young and rising nation) in hopes of naturalizing a foreign industry, in itself perfectly suitable to the circumstances of the country.
Сторінка 569 - Laisser-faire, in short, should be the general practice: every departure from it, unless required by some great good, is a certain evil.
Сторінка 189 - Gold and silver having been chosen for the general medium of circulation, they are, by the competition of commerce, distributed in such proportions amongst the different countries of the world, as to accommodate themselves to the natural traffic which would take place if no such metals existed, and the trade between countries were purely a trade of barter.
Сторінка 394 - The subjects of every state ought to contribute to the support of the government, as nearly as possible in proportion to their respective abilities : that is, in proportion to the revenue which they respectively enjoy under the protection of the state.
Сторінка 310 - As the colony increases, the profits of stock gradually diminish. When the most fertile and best situated lands have been all occupied, less profit can be made by the cultivation of what is inferior both in soil and situation, and less interest can be afforded for the stock which is so employed.
Сторінка 340 - Hitherto it is questionable if all the mechanical inventions yet made have lightened the day's toil of any human being.
Сторінка 358 - The form of association, however, which if mankind continue to improve, must be expected in the end to predominate, is not that which can exist between a capitalist as chief, and work-people without a voice in the management, but the association of the labourers themselves on terms of equality, collectively owning the capital with which they carry on their operations, and working under managers elected and removable by themselves.
Сторінка 23 - There cannot, in short, be intrinsically a more insignificant thing, in the economy of society, than money; except in the character of a contrivance for sparing time and labor. It is a machine for doing quickly and commodiously, what would be done, though less quickly and commodiously, without it: and like many other kinds of machinery, it only exerts a distinct and independent influence of its own when it gets out of order.