MoneyH. Holt and Company, 1877 - 550 páginas |
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Términos y frases comunes
Adam Smith amount assignats Bank of England bank-notes bankers banque barter bills bullion bullionists Cairnes capital cause cent Chevalier circulating medium classes coin coinage colony commercial commodities Convertible Paper Money currency debased debts degree demand denomination depreciation dollars economical economists effect English Europe excess existing export extent fact fluctuations France gold and silver grains important Inconvertible increase industry interest issuer issues Jacob Jevons La Monnaie labor Latin Union legal tender less Lord Overstone loss material equivalent measure of value medium of exchange ment metallic money mines Monnaie nations notes operations payment period pieces Political Economy pound precious metals principle proportion purchasing power quantity question ratio reduced result Ricardo says Prof secure seigniorage shillings sovereign specie speculative standard supply tion trade United value of gold value of money Wolowski writers
Pasajes populares
Página 411 - The gold and silver money which circulates in any country may very properly be compared to a highway, which, while it circulates and carries to market all the grass and corn of the country, produces itself not a single pile of either.
Página 210 - Yet it may well be doubted whether all the misery which had been inflicted on the English nation in a quarter of a century by bad Kings, bad Ministers, bad Parliaments, and bad Judges, was equal to the misery caused in a single year by bad crowns and bad shillings.
Página 211 - No merchant would contract to deliver goods without making some stipulation about the quality of the coin in which he was to be paid. Even men of business were often bewildered by the confusion into which all pecuniary transactions were thrown. The simple and the careless were pillaged without mercy by extortioners whose demands grew even more rapidly than the money shrank. The price of the necessaries of life, of shoes, of ale, of oatmeal rose fast.
Página 382 - The circulating medium of a commercial community must be that which is also the circulating medium of other commercial communities, or must be capable of being converted into that medium without loss. It must be able, not only to pass in payments and receipts among individuals of the same society and nation, but to adjust and discharge the balance of exchanges between different nations. It must be something which has a value abroad, as well as at home, and by which foreign as well as domestic debts...
Página 385 - A disordered currency is one of the greatest political evils. It undermines the virtues necessary for the support of the social system, and encourages propensities destructive of its happiness ; it wars against industry, frugality, and economy, and it fosters the evil spirits of extravagance and speculation.
Página 4 - 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.
Página 80 - ... the whole state, and makes its effect be felt on all ranks of people. At first, no alteration is perceived; by degrees the price rises, first of one commodity, then of another; till the whole at last reaches a just proportion with the new quantity of specie which is in the kingdom.
Página 3 - The pounds or shillings which a person receives weekly or yearly, are not what constitutes his * income ; they are a sort of tickets or orders which he can present for payment at any shop he pleases, and which entitle him to receive a certain value of any commodity that he makes choice of. The farmer pays his labourers and his landlord in these tickets, as the most convenient plan for himself and them...
Página 210 - But when the great instrument of exchange became thoroughly deranged, all trade, all industry, were smitten as with a palsy. The evil was felt daily and hourly in almost every place and by almost every class, in the dairy and on the threshing floor, by the anvil and by the loom, on the billows of the ocean and in the depths of the mine. Nothing could be purchased without a dispute. Over every counter there was wrangling from morning to night. The workman and his employer had a quarrel as regularly...
Página 14 - The value of money has been settled by general consent to express our wants and our property, as letters were invented to express our ideas; and both these institutions, by giving a more active energy to the powers and passions of human nature, have contributed to multiply the objects they were designed to represent.