 | 1901 - 744 páginas
...and the peculiar qualities which they possessed. Turgot has very rightly observed " that they became money not in consequence of any arbitrary agreement...of any law, but by the nature and force of things." It was not directly with the introduction of gold and silver that coiticd money became the medium of... | |
 | John Ramsay McCulloch - 1825 - 446 páginas
...civilized societies, from a very remote era. " They became universal money," as M. Turgot has observed, " not in consequence of any arbitrary agreement among...of any law, but by the nature and force of things." The greatest drawback attendant on the use of gold and silver as money consists in the high value of... | |
 | Thomas Hodgskin - 1827 - 318 páginas
..." It has not been," says the philosophic Turgot, " in consequence of any agreement among men, or by the intervention of any law, but by the nature and force of things, that the precious metals have become universal money." It is sometimes supposed that money and wealth... | |
 | Calvin Colton - 1848 - 556 páginas
...that they would have been employed as money. Turgot says, " The precious metals became universally money, not in consequence of any arbitrary agreement...of any law, but by the nature and force of things." That it was "not in consequence of any arbitrary agreement," is well said, though M. Say seems to think... | |
 | John Ramsay McCulloch - 1849 - 686 páginas
...civilized societies, from a very remote sera. " They became universal money," as M. Turgot lias observed, " not in consequence of any arbitrary agreement among...of any law, but by the nature and force of things." When first used aa money, the precious metals were in an unfashioued state, in bars or ingots. The... | |
 | Charles Dickens, William Harrison Ainsworth, Albert Smith - 1850 - 722 páginas
...formed on new principles. For the present, we quite agree with Turgot, that the precious metals became universal money, not in consequence of any arbitrary...of any law, but by the nature and force of things. We still continue to perceive and understand that, amongst not a few other considerations, it was the... | |
 | Charles Dickens, William Harrison Ainsworth, Albert Smith - 1850 - 724 páginas
...formed on new principles. For the present, we quite agree with Turgot, that the precious metals became universal money, not in consequence of any arbitrary...men, or of the intervention of any law, but by the natdre and force of things. We still continue to perceive and understand that, amongst not a few other... | |
 | John Ramsay McCulloch - 1852 - 882 páginas
...civilised societies, from a very remote era. " They became universal money," as M. Turgot has observed, " not in consequence of any arbitrary agreement among...of any law, but by the nature and force of things." When first used as money, the precious metals were in an unfashioned state, in bars or ingots. The... | |
 | 1853 - 526 páginas
...Grecian invasion, and being eminently qualified for a circulating medium, became centuries ago, 不 Turgot has observed, " universal money not in consequence...of India as well as every where else, but at what pre cise period remains unknown. That the choice fell upon gold and silver arose probably from their... | |
 | John Ramsay McCulloch, John Locke - 1870 - 372 páginas
...civilized societies, from a very remote era. ' They became universal money,' as M. T1n-got has observed, 'not in consequence of any arbitrary agreement among men, or of the intervention of law, but by the nature and force of things.' The greatest drawback attendant on the use of gold and... | |
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... any other quarter. No wonder, therefore, when all the qualities necessary to constitute money are possessed in so eminent a degree by the precious metals, that they have been used as such, in civilized societies, from a very remote era. " They became... 
