Money and Its Relations to Prices: Being an Inquiry Into the Causes, Measurement, and Effects of Changes in General Prices. ...

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Swan Sonnenschein & Company, 1900 - 206 pagina's
 

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Pagina 68 - I should say, has already a most powerfully beneficial effect. It loosens the country, as nothing else could, from its old bonds of debt and habit. It throws increased rewards before all who are making and acquiring wealth, somewhat at the expense of those who are enjoying acquired wealth. It excites the active and skilful classes of the community to new exertions...
Pagina 11 - Labour alone, therefore, never varying in its own value, is alone the ultimate and real standard by which the value of all commodities can at all times and places be estimated and compared.
Pagina 70 - The discovery of America, and that of a passage to the East Indies by the Cape of Good Hope...
Pagina 14 - Transactions for 1798 (part i, p. 176), it was proposed, more than thirty years ago, -to correct the legal standard of value (or at least, to afford to individuals the means of ascertaining its errors), by the periodical publication of an authentic price current, containing a list of a large number of articles in general use, arranged in quantities corresponding to their relative consumption...
Pagina 13 - Chronicon Preciosum: or, an Account of English Gold and Silver Money; the Price of Corn and other Commodities; and of Stipends, Salaries, Wages, Jointures, Portions, Day-labour etc.
Pagina 96 - But notwithstanding this conclusion which must be allowed just, it is certain that since the discovery of the mines in America, industry has increased in all the nations of Europe, except in the possessors of those mines; and this may justly be ascribed, amongst other reasons, to the increase of gold and silver.
Pagina 13 - ... and to see how much of the modern money will be requisite to purchase the same quantity of corn, meat, drink, or cloth, nowadays. To this end, you must neither take a very dear year, to your prejudice, nor a very cheap one, in your own favour, nor indeed any single year, to be your rule ; but you must take the price of every particular commodity, for as many years as you can (20, if you have them) and put them all together ; and then find out the common price ; and afterwards take the same course...

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