Economic EssaysG. Bell and Sons, Limited, 1923 - 315 sider |
Innhold
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Vanlige uttrykk og setninger
abundance advantage amount of bank appears balance of trade bank notes Bank of England Bosanquet Bullion Committee capital cause cent circulating medium commerce consequence country banks debased debt demand deposits depreciation diminished Dr Smith effect employed England notes equal excess exchange with Hamburgh Exchequer expenses exportation fact favourable foreign France gold and silver gold bullion gold coin gold or silver guineas importation increase interest labour legal tender London Lord Liverpool measure of value millions Mint price notes in circulation opinion ounce of gold ounces of silver paid paper currency paper money payments pound sterling precious metals present price of bullion price of corn price of gold prices of commodities principle produce proportion purchase quantity rate of profits regulate relative value rent Ricardo rise seignorage shillings silver bullion silver coin specie standard supposed taxes tion unfavourable value of bullion value of gold value of money whilst
Populære avsnitt
Side 200 - All the profits, benefits, and advantage from time to time arising out of the management of the said corporation, shall (the charges of managing the business of the said governor and company only excepted) be applied from time to time to the uses of all the members of the said corporation for the time being, rateably and in proportion to each member's part, share, and interest, in the common capital, and principal stock, of the said governor and company of the Bank of England.
Side 243 - ... we should consider the soil as a present to man of a great number of machines, all susceptible of continued improvement by the application of capital to them, but yet of very different original qualities and powers.
Side 44 - It is self-interest which regulates all the speculations of trade, and where that can be clearly and satisfactorily ascertained, we should not know where to stop if we admitted any other rule of action. They should have explained to us therefore, why, if the demand for the commodity imported should continue, the country importing might not be entirely exhausted of its coin and bullion. What is under...
Side 164 - The issuers of paper money should regulate their issues solely by the price of bullion, and never by the quantity of their paper in circulation. The quantity can never be too great nor too little, while it preserves the same value as the standard.
Side 309 - Directors are now to be called upon, in the new situation in which they are placed by the Restriction Act, to procure a Fund for supporting the whole National Currency, either in Bullion or in Coin, and when it is proposed that they should effect this measure within a given period, by regulating the market price of Gold by a limitation of the amount of the Issue of Bank Notes, with whatever distress such limitation may be attended to individuals, or the Community at large; they feel it their bounden...
Side 39 - The liberation of the public revenue, if it has been brought about at all, has always been brought about by a bankruptcy; sometimes by an avowed one, but always by a real one, though frequently by a pretended payment. The raising of the denomination of the coin has been the most usual expedient by which a real public bankruptcy has been disguised under the appearance of a pretended payment.
Side 104 - If we consent to give coin in exchange for goods, it must be from choice, not necessity. We should not import more goods than we export, unless we had a redundancy of currency, which it therefore suits us to make a part of our exports.
Side 166 - To secure the public against any other variations in the value of the currency than those to which the standard itself is subject, and at the same time to carry on the circulation with a medium the least expensive, is to attain the most perfect state to which a currency can be brought...
Side 12 - Thus, then, specie will be sent abroad to discharge a debt only when it is superabundant ; only when it is the cheapest exportable commodity. If the Bank were at such a time paying their notes in specie, gold would be demanded for that purpose. It would be...
Side 33 - Money, therefore, the great wheel of circulation, the great instrument of commerce, like all other instruments of trade, though it makes a part, and a very valuable part, of the capital, makes no part of the revenue of the society to which it belongs...