Principles of Political Economy
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In our eReader you can find the full English version of the book. Read Principles of Political Economy 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 Principles of Political Economy
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To quickly assess the difficulty of the text, read a short excerpt:
Mr.
Attwood maintained that a rise of prices produced by an in- AN INCONVERTIBLE PAPER CURRENCY. %Ql crease of paper currency stimulates every producer to his utmost exertions, and brings all the capital and labor of the country into complete employment ; and that this has invari- ably happened in all periods of rising prices, when the rise was on a sufficiently great scale. I presume, however, that the inducement which, according to Mr. Attwood, excited this unusual ardor in all persons engage...d in production must have been the expectation of getting more of commodi- ties generally, more real wealth, in exchange for the produce of their labor, and not merely more pieces of paper. This expectation, however, must have been, by the very terms of the supposition, disappointed, since, all prices being supposed to rise equally, no one was really better paid for his goods than before. It calculates on finding the whole world per- sisting forever in the belief that more pieces of paper are more riches, and never discovering that, with all their paper, they can not buy more of anything than they could before.
What to read after Principles of Political Economy?
You can find similar books in the "Read Also" column, or choose other free books by Mill, John Stuart, 1806-1873 to read onlineMoreLess
To quickly assess the difficulty of the text, read a short excerpt:
Mr.
Attwood maintained that a rise of prices produced by an in- AN INCONVERTIBLE PAPER CURRENCY. %Ql crease of paper currency stimulates every producer to his utmost exertions, and brings all the capital and labor of the country into complete employment ; and that this has invari- ably happened in all periods of rising prices, when the rise was on a sufficiently great scale. I presume, however, that the inducement which, according to Mr. Attwood, excited this unusual ardor in all persons engage...d in production must have been the expectation of getting more of commodi- ties generally, more real wealth, in exchange for the produce of their labor, and not merely more pieces of paper. This expectation, however, must have been, by the very terms of the supposition, disappointed, since, all prices being supposed to rise equally, no one was really better paid for his goods than before. It calculates on finding the whole world per- sisting forever in the belief that more pieces of paper are more riches, and never discovering that, with all their paper, they can not buy more of anything than they could before.
What to read after Principles of Political Economy?
You can find similar books in the "Read Also" column, or choose other free books by Mill, John Stuart, 1806-1873 to read onlineMoreLess
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