The Financial Philosophy Or the Principles of the Science of Money With Obs

Cover The Financial Philosophy Or the Principles of the Science of Money With Obs
The Financial Philosophy Or the Principles of the Science of Money With Obs
George Wilson
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It is true this desire is excited by our knowledge of the qualities of the thing, and by our opinion that those qualities render the thing desirable; but this knowledge and this opinion are in our minds, they are not in the thing. Value being a relation, it must vary by degrees, not by quantities ; and degrees of value, since value is the correlative of desire, must vary with the intensity of the desires to which they are related, THE FINANCIAL PHILOSOPHY. 69 But since value attaches only to th...at which, though de- sired, is as yet withheld from our possession, then value must vary also with the resistance to appropriation. " Then the "unit of value, " 25 8-10 grains of gold coined under our laws, is the "unit" of "an abstract relation. " It is the "unit" of "the relation between human desire and proximate objects of human pursuit. " D. The True Name of Money's Office: "The Common Medium of Exchange. " Trenholm asks "What is Money?" and answers it thus: "Money is recognized by its ability to perform certain functions.

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