Political Economy for Beginners

Cover Political Economy for Beginners
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What should you say was the effect of this on the mode of paying small debts? If you had ^10 to pay away in about ten different shops, should you like to start out for the purpose with 100 florins in your pocket?
2. Does a man who discovers a gold mine add to the wealth of the country?
3. What would be the effect on the general wealth if every one suddenly found that the quantity of money in his possession was doubled?
4. Would buying and selling come to an end if all the gold, silver, and copp
...er in the world were destroyed?
Chapter III. The Value of Commodities.
Commodities, when considered in relation to their Value, may be divided Into Three Classes.
I St. Those which possess a monopoly value, and whose supply cannot be increased ; such as the pictures of a deceased artist.
2nd. Those whose cost of production increases as an additional supply is produced; such as agricultural and mineral produce.
3rd. Those whose supply can be increased without increasing their cost of production, such as manufactured commodities.


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