A Philosophical View of Reform
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In our eReader you can find the full English version of the book. Read A Philosophical View of Reform Online - link to read the book on full screen. Our eReader also allows you to upload and read Pdf, Txt, ePub and fb2 books. In the Mini eReder on the page below you can quickly view all pages of the book - Read Book A Philosophical View of Reform
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All great transactions of personal Currency. Property in England are managed by signs and that is by the authority of the possessor expressed upon paper, thus representing in a compendious form his right to so much gold, which represents his right to so much labour. A man may write on a piece of paper what he pleases ; he may say he is worth a thousand when he is not worth a hundred pounds. If he can make others believe this, he has credit for the sum to which his name is attached. And so long ...as this credit lasts, he can enjoy all the advantages which would arise out of the actual possession of that sum he is believed to possess. He can lend two hundred to this man and three to that other, and his bills, among those who believe that he possesses this sum, pass like money. Of course in the same proportion as bills of this sort, beyond the actual goods or gold and silver possessed by the drawer, pass current, they defraud those who have gold and silver and goods of the advantages legally attached to the possession of them, and they defraud the labourer and artizan of the advantages attached to increasing the nominal price of labour, and such a participation in 42
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You can find similar books in the "Read Also" column, or choose other free books by Shelley Percy Bysshe to read online
To quickly assess the difficulty of the text, read a short excerpt:
All great transactions of personal Currency. Property in England are managed by signs and that is by the authority of the possessor expressed upon paper, thus representing in a compendious form his right to so much gold, which represents his right to so much labour. A man may write on a piece of paper what he pleases ; he may say he is worth a thousand when he is not worth a hundred pounds. If he can make others believe this, he has credit for the sum to which his name is attached. And so long ...as this credit lasts, he can enjoy all the advantages which would arise out of the actual possession of that sum he is believed to possess. He can lend two hundred to this man and three to that other, and his bills, among those who believe that he possesses this sum, pass like money. Of course in the same proportion as bills of this sort, beyond the actual goods or gold and silver possessed by the drawer, pass current, they defraud those who have gold and silver and goods of the advantages legally attached to the possession of them, and they defraud the labourer and artizan of the advantages attached to increasing the nominal price of labour, and such a participation in 42
What to read after A Philosophical View of Reform?
You can find similar books in the "Read Also" column, or choose other free books by Shelley Percy Bysshe to read online
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