Principles of Political Economy: With Some of Their Applications to Social Philosophy, Том 2Appleton, 1923 |
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Сторінка 39
... less in 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 ...
... less in 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 ...
Сторінка 41
... less , he will obtain extra profits , and will be stimulated to increase his production . E converso if the metal is below its natural value : since this is as much as to say that prices are high , and the money ex- penses of all ...
... less , he will obtain extra profits , and will be stimulated to increase his production . E converso if the metal is below its natural value : since this is as much as to say that prices are high , and the money ex- penses of all ...
Сторінка 47
... less gold than that contained in a sov- ereign . The other consequence will be , that unless a sov- ereign can be sold for more than twenty shillings , all the sovereigns will be melted , since as bullion they will pur- chase a greater ...
... less gold than that contained in a sov- ereign . The other consequence will be , that unless a sov- ereign can be sold for more than twenty shillings , all the sovereigns will be melted , since as bullion they will pur- chase a greater ...
Сторінка 54
... less than the amount of many of the transactions singly , and is necessari- ly less than the sum of the transactions , is all that is paid in money ; and perhaps even this is not paid , but carried over in an account current to the next ...
... less than the amount of many of the transactions singly , and is necessari- ly less than the sum of the transactions , is all that is paid in money ; and perhaps even this is not paid , but carried over in an account current to the next ...
Сторінка 58
... less than justice to the other . " We come next to some points in which they differ . " First , the fictitious note , or note of accommodation , is liable to the objection that it professes to be what it is not . This objection ...
... less than justice to the other . " We come next to some points in which they differ . " First , the fictitious note , or note of accommodation , is liable to the objection that it professes to be what it is not . This objection ...
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17 yards Adam Smith advantage agricultural amount assignats bank notes Bank of England bankers benefit bills bullion capitalists cause cheaper cheapness cheques circulation circumstances classes coin commerce consumers corn cost of carriage cost of labour cost of production crease days labour dealers debt depend depreciation diminished duction effect employment enable equal equivalent exchange value exist expense exports fall foreign commodities foreign countries France Germany gold and silver imports improvement income increase industry international demand issue issuers labour and capital land law of value les associés less loans lower means ment million modities obtain paid payment permanent persons Poland population portion pounds sterling precious metals produce proportion raise rate of interest rate of profit rent rise of prices savings seignorage sell speculation supply suppose supposition theory things tion trade transactions value of money wages whole yards of cloth yards of linen