The Science of MoneyG. Bell and Sons, 1885 - 122 sider |
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Side 48
... whole number of dollars or pounds ; yet it is this which constitutes the measure of value - The measuring function of money is altered with every change in the whole number of so - called units of value - Not so with the units of weight ...
... whole number of dollars or pounds ; yet it is this which constitutes the measure of value - The measuring function of money is altered with every change in the whole number of so - called units of value - Not so with the units of weight ...
Side 52
... whole number in use constituted such a measure . To do so would have been to maintain a palpable absurdity . As the whole number of coins , notes , etc , is what really con- stitutes the measure of value , and as , at the present time ...
... whole number in use constituted such a measure . To do so would have been to maintain a palpable absurdity . As the whole number of coins , notes , etc , is what really con- stitutes the measure of value , and as , at the present time ...
Side 53
... value of each piece by one - half , and vice versâ.1 Hence it follows that the value of money is determined by numbers and not by material . But there is a reply whose cogency is far more evident than this one , because it takes the whole ...
... value of each piece by one - half , and vice versâ.1 Hence it follows that the value of money is determined by numbers and not by material . But there is a reply whose cogency is far more evident than this one , because it takes the whole ...
Side 55
... number of such coins as shall constitute the volume or whole of money . Moreover , by a confusion of language which could only have arisen out of the grossness of the medieval law upon which these statutes are founded , and the medieval ...
... number of such coins as shall constitute the volume or whole of money . Moreover , by a confusion of language which could only have arisen out of the grossness of the medieval law upon which these statutes are founded , and the medieval ...
Side 56
... value in fact is not a unit at all . The law views it and defines it as though it were distinct and separable from all other things ; but nature instantly merges it with all like and many unlike things , and makes the whole number of ...
... value in fact is not a unit at all . The law views it and defines it as though it were distinct and separable from all other things ; but nature instantly merges it with all like and many unlike things , and makes the whole number of ...
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AGNES STRICKLAND ALEXANDER DEL MAR American ascer attributes author's History bank notes Bank of England bullion capital cent chapter circulation classes coinage commercial Commodity Moneys conquest copper counterfeit custom Dark Ages decreased defined demand determine Edition England Europe exchanges fall of prices fluctuations fractions FRENCH REVOLUTION function of money given country gold and silver gold coins greenbacks History of Money increase Index and Portrait level of prices limited loans market rate measure of value measures of precision metallic slugs mining moidores monetary Montesquieu nomisma numbers of money numerical relation Pamphlet pieces placer mines Political Economy pound Precession precious metals present production quantity rate of interest rate of profit Roman SCIENCE OF MONEY silver dollar single coin Spanish State-Bank statistics of money sum of money taxes things tion unit of value unlimited legal tenders value of money various countries vols whilst whole number whole sum yard-stick York