The Culture Demanded By Modern Life
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In our eReader you can find the full English version of the book. Read The Culture Demanded By Modern Life 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 The Culture Demanded By Modern Life
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Exchange, thus facilitated by the adoption of a medium which all are ready to receive, and by which most minute proportions of value may be easily represented, proceeds with vastly increased rapidity; and value being thus measured habitually in money, we have the new element of PRICE. Though money in itself is but a very small portion of the capital, and still less of the total wealth, of a nation, it so habitually represents every kind of capital and wealth, that it conveniently becomes a syno...nyme for both, not, however, without some risk of mental confusion and error as the result.
Exchanges becoming thus continually more frequent and complicated, it is found convenient and advan- tageous, on the principle of the division of labour, that a class of mei\ should devote themselves to conduct the business of exchange solely, the work of production being left to others. By the introduction of merchants, who do not themselves produce, a greater amount of production is attained, on the whole, than would be possible if all both produced and exchanged without their intervention.
What to read after The Culture Demanded By Modern Life?
You can find similar books in the "Read Also" column, or choose other free books by William Whewell to read onlineMoreLess
To quickly assess the difficulty of the text, read a short excerpt:
Exchange, thus facilitated by the adoption of a medium which all are ready to receive, and by which most minute proportions of value may be easily represented, proceeds with vastly increased rapidity; and value being thus measured habitually in money, we have the new element of PRICE. Though money in itself is but a very small portion of the capital, and still less of the total wealth, of a nation, it so habitually represents every kind of capital and wealth, that it conveniently becomes a syno...nyme for both, not, however, without some risk of mental confusion and error as the result.
Exchanges becoming thus continually more frequent and complicated, it is found convenient and advan- tageous, on the principle of the division of labour, that a class of mei\ should devote themselves to conduct the business of exchange solely, the work of production being left to others. By the introduction of merchants, who do not themselves produce, a greater amount of production is attained, on the whole, than would be possible if all both produced and exchanged without their intervention.
What to read after The Culture Demanded By Modern Life?
You can find similar books in the "Read Also" column, or choose other free books by William Whewell to read onlineMoreLess
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