A Dictionary of Political Economy: Biographical, Bibliographical ..., volume 1

Cover A Dictionary of Political Economy: Biographical, Bibliographical ..., volume 1
A Dictionary of Political Economy: Biographical, Bibliographical ..., volume 1
Henry Dunning Macleod
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It contains a great deal of thoroughly sound doctrine on the subject of money, and value. He saw through the fallacies which so long blinded so many persons in England in 1811, and subsequent years.
He begins by certain definitions, amonp^ which are, ^11 valore h una quantity che misura la stima che fanno gli uomini delle cose.'* — ^ Value is a substance which measures the esti- mation in which men hold things.** *^I1 como fatto al metallo n^ aggiunge n^ toglie valore alle monete, non altro ess
...endo, che un solenoe attes- tato di che rappresenta la nazione della quan- titlt e finezza del metallo.** — ** Coining the metal neither adds to, nor takes away from, the value of money, as it is nothing else than a formal attestation which informs the nation of the quan- tity and fineness of the metal.** Beccaria then bases his arguments on three propositions : — I. Una equal quantity di metallo dee corris- pondere ad un equal numero di lire in ogni moneta.
II. Come il totale di un metallo circolante h al totale dell* altro, cosi una data parte di un metallo deve essere ad una equal parte dell* altro metallo in ogni moneta.


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