This historic book may have numerous typos and missing text. Purchasers can download a free scanned copy of the original book (without typos) from the publisher. Not indexed. Not illustrated. 1877 Excerpt: ...provide better, and enlarge the scanty covering provide more money)." Another principle to which Mr. Jevons's attention is invited is, that ...
This historic book may have numerous typos and missing text. Purchasers can download a free scanned copy of the original book (without typos) from the publisher. Not indexed. Not illustrated. 1877 Excerpt: ...provide better, and enlarge the scanty covering provide more money)." Another principle to which Mr. Jevons's attention is invited is, that money, quasi-money, never enters into the account of foreign trade, for this simple reason, that the foreigner does not recognise our sovereign as money. With him it is only a disc of gold of a certified fineness and weight, which certificate he accepts, but altogether without acknowledgment of the money denomination. To the foreigner the king's head and the royal arms on the reverse are nothing. Foreign trade is barter, and even if gold enters into a transaction it is as a commodity simply. "Some persons have argued that it is well to have a paper money to form a home currency, which cannot be drained away, and will be free from the disturbing influence of foreign trade. But we cannot disconnect home and foreign trade, except by doing away with the latter altogether. If two nations are to trade, the precious metals must form the international medium of exchange, by which a balance of indebtedness is paid." (P. 237.) If foreign trade is barter, it is an exchange, say, as far as F0reign tro-els is this country is concerned, of manufactures for raw material j barter, as in the case of America, manufactures against raw cotton; of Brazil, against sugar and coffee; and what balances there are, are settled in gold and silver, as commodities; and even these balances lie over and are calculated in produce. "Currency is to the science of economy what the squaring of the circle is to geometry, or perpetual motion to mechanics." (P. 237.) And this will always be the case as long as the wild and barbarous idea is maintained, that gold is to be the favoured commodity--the instrument of exchange for all other...
5.5"x8.75". Tissued frontis portrait of George Berkely; Faded burgundy cloth with beveled edges & gold spine title; A fair copy with loss head & foot of spine, hinges internally cracked, & mostly blue pencil underlining; 247 pages.
Good+ with no dust jacket. Money; 8vo 8"-9" tall; viii, 247 pages; Paper money: the money of civilization, an issue by the state, and a legal tender in payment of taxes. Brown cloth with fraying to spine edges, hinges reattached, contents lightly aged but VG. Portrait of George Berkely, Bishop of Cloyne. Occasional underlining and penciled notes." Dedicated to William Sutton with kind remembrances of his father..." Dated 1877, written by author but unsigned.; Signed by Author; 0.
Paper Money: The Money of Civilization, an Issue by the State, and a Legal Tender in Payment of Taxes (1877)
by James Harvey
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