An Inquiry Into the Various Systems of Political Economy: Their Advantages and Disadvantages; and the Theory Most Favourable to the Increase of National Wealth |
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Side 324
It is well known , that , materially considered , such transactions consist in
forwarding the productions of the producers to the consumers ; and it is easy to
conceive that , after the invention of bills of exchange , comniercial transactions
required ...
It is well known , that , materially considered , such transactions consist in
forwarding the productions of the producers to the consumers ; and it is easy to
conceive that , after the invention of bills of exchange , comniercial transactions
required ...
Side 325
Indeed , whenever a merchant received any quantity of produce from the farmer
or manufacturer , he gave him a bill of exchange upon his debtor ; and when he
transferred any part of this produce to the retail deal , er , he in turn obtained of ...
Indeed , whenever a merchant received any quantity of produce from the farmer
or manufacturer , he gave him a bill of exchange upon his debtor ; and when he
transferred any part of this produce to the retail deal , er , he in turn obtained of ...
Side 326
so that bills of exchange supplied the place of money in all commercial
transactions , and performed its functions much better . They avoided the charges
attendant on the transport of money , the losses resulting from the risk of the
conveyance ...
so that bills of exchange supplied the place of money in all commercial
transactions , and performed its functions much better . They avoided the charges
attendant on the transport of money , the losses resulting from the risk of the
conveyance ...
Side 341
of the bank than on the equivalent commercial bills of which they effected the
payment . Thus the Bank of England notes owed their success to the same
principles which cause the commercial credit of all countries to prosper and
flourish ; that ...
of the bank than on the equivalent commercial bills of which they effected the
payment . Thus the Bank of England notes owed their success to the same
principles which cause the commercial credit of all countries to prosper and
flourish ; that ...
Side 343
pensated the debts and demands by simply exchanging the respective bills , and
no coin would have been required but for common payments , and settling the
differences . But these bills of exchange were like those which Amsterdam and ...
pensated the debts and demands by simply exchanging the respective bills , and
no coin would have been required but for common payments , and settling the
differences . But these bills of exchange were like those which Amsterdam and ...
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An Inquiry Into the Various Systems of Political Economy: Their Advantages ... Charles Ganilh Uten tilgangsbegrensning - 1812 |
An Inquiry Into the Various Systems of Political Economy: Their Advantages ... Charles Ganilh Uten tilgangsbegrensning - 1812 |
An Inquiry Into the Various Systems of Political Economy: Their Advantages ... Charles Ganilh Uten tilgangsbegrensning - 1812 |
Vanlige uttrykk og setninger
abundance Adam Smith advantages afford agricultural amount annual appears bank benefits bills capital carried causes chap circulation circumstances civil classes coin commerce commodities consequently considerable considered consist consumed consumption contribute debts demand derived effects employed England equal equivalent established Europe exchange existence expences extent favourable fixed follows force foreign French fund give gold and silver greater importance improve income increase individuals industry influence interest Italy kind labour land laws least less limited loans manufactures means measure merchants metallic millions nations nature necessary never object observed obtain occasion opinion paid political economy population portion principles produce profit progress proportion prosperity proved purchase quantity regard rendered respect riches savings says share success supply supposed surplus things tion trade true wages wants wealth writers