Capital To-Day; a Study of Recent Economic Development
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In our eReader you can find the full English version of the book. Read Capital To-Day; a Study of Recent Economic Development 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 Capital To-Day; a Study of Recent Economic Development
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If we hold fast in our mind for a moment, the same as if it could be a reality, the absurdity of an exclusive money of account, no other money whatever existing, we realize at once that the constantly growing commodity value would have to be circulated by transfers of money of account, the sum of which would be stationary — fixed once and for all. An inventory of the year's accumulation of the capitalist class would show that the same 128 Capital To-Day consists entirely of commodities; none of... it would appear in money form.
But, really, we already have the answer to our problem. We have observed how our friend, the retail merchant, deposited currency which included his profit. If we follow merely that part of it which represents profit (the part which represents capital advanced for production necessarily returns to its source for reproduction) we find that it presently passes out of the bank as concrete money to continue its perpetual journey. But the departed concrete money has nevertheless left behind its shadow on the credit side of the retail merchant's deposit account.
What to read after Capital To-Day; a Study of Recent Economic Development?
You can find similar books in the "Read Also" column, or choose other free books by Herman Cahn to read onlineMoreLess
To quickly assess the difficulty of the text, read a short excerpt:
If we hold fast in our mind for a moment, the same as if it could be a reality, the absurdity of an exclusive money of account, no other money whatever existing, we realize at once that the constantly growing commodity value would have to be circulated by transfers of money of account, the sum of which would be stationary — fixed once and for all. An inventory of the year's accumulation of the capitalist class would show that the same 128 Capital To-Day consists entirely of commodities; none of... it would appear in money form.
But, really, we already have the answer to our problem. We have observed how our friend, the retail merchant, deposited currency which included his profit. If we follow merely that part of it which represents profit (the part which represents capital advanced for production necessarily returns to its source for reproduction) we find that it presently passes out of the bank as concrete money to continue its perpetual journey. But the departed concrete money has nevertheless left behind its shadow on the credit side of the retail merchant's deposit account.
What to read after Capital To-Day; a Study of Recent Economic Development?
You can find similar books in the "Read Also" column, or choose other free books by Herman Cahn to read onlineMoreLess
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