Conversations On Political Economy in Which the Elements of That Science Are Fa
Conversations On Political Economy in Which the Elements of That Science Are Fa
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What reading level is Conversations On Political Economy in Which the Elements of That Science Are Fa book?
To quickly assess the difficulty of the text, read a short excerpt:
CAROLINE.
That is true certainly with regard to the money actually required for circulation ; but should it ex- ceed that sum, the surplus would be of no value to us.
MRS. B.
The same might be said of a superfluous quan- tity of any kind of wealth ; more tables and chairs, or a greater quantity of gowns and coats than are wanted, would be equally useless, and would equally be depreciated in value.
CAROLINE.
But then we could export such commodities, and exchange them for goods which we did want....
MRS. B. And why should we not do the same with money ? When we have more money than is required for the purpose of circulation, we should export it, by purchasing foreign goods; without this resource, a superfluity of money is perfectly useless, and will no more contribute to the production of wealtli, M 1 ON MONEY. 335 than a superfluous number of mills would contri- bute to the production of flour.
CAROLINE.
I had always imagined that the more money a country possessed, the more affluent was its con- dition.
What to read after Conversations On Political Economy in Which the Elements of That Science Are Fa?
You can find similar books in the "Read Also" column, or choose other free books by Marcet Jane Haldimand to read onlineMoreLess
To quickly assess the difficulty of the text, read a short excerpt:
CAROLINE.
That is true certainly with regard to the money actually required for circulation ; but should it ex- ceed that sum, the surplus would be of no value to us.
MRS. B.
The same might be said of a superfluous quan- tity of any kind of wealth ; more tables and chairs, or a greater quantity of gowns and coats than are wanted, would be equally useless, and would equally be depreciated in value.
CAROLINE.
But then we could export such commodities, and exchange them for goods which we did want....
MRS. B. And why should we not do the same with money ? When we have more money than is required for the purpose of circulation, we should export it, by purchasing foreign goods; without this resource, a superfluity of money is perfectly useless, and will no more contribute to the production of wealtli, M 1 ON MONEY. 335 than a superfluous number of mills would contri- bute to the production of flour.
CAROLINE.
I had always imagined that the more money a country possessed, the more affluent was its con- dition.
What to read after Conversations On Political Economy in Which the Elements of That Science Are Fa?
You can find similar books in the "Read Also" column, or choose other free books by Marcet Jane Haldimand to read onlineMoreLess
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