A Refutation of Some Doctrines Relating to the Sinking Fund, &c. &c. : Contained in a Work Lately Published By the Earl of Lauderdale : With Original Remarks On Different Subjects of Political Economy 8
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In our eReader you can find the full English version of the book. Read A Refutation of Some Doctrines Relating to the Sinking Fund, &c. &c. : Contained in a Work Lately Published By the Earl of Lauderdale : With Original Remarks On Different Subjects of Political Economy 8 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 A Refutation of Some Doctrines Relating to the Sinking Fund, &c. &c. : Contained in a Work Lately Published By the Earl of Lauderdale : With Original Remarks On Different Subjects of Political Economy 8
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To quickly assess the difficulty of the text, read a short excerpt:
Neither, therefore, can it be said, that the proprietors of the public fund* are really possessed of this supposed sum, amounting nearly to 500 millions ; whatever may be the nominal amount of their imaginary wealth. But, if there is no such wealth in existence, 100 millions of it cannot have ▼anished.
The other case put by the noble author is equally fallacious. He supposes a deficiency of-j?^ of the pro- «luce of grain, which he calculates would increase the value of a certain quantity of it ...from 3001. to 6401.
As to which he remarks : " Thus tb« * wealth of the nation being diminished by th« ♦ Pag* 5«.
14 loss of ^ of the whole of its produce of grain, the value of its grain would thereby be increased from 3001. to 54-61. ; and there would, by that means, be added to the mass of indi- vidual riches, a sum nearly equal to the value which the whole grain of the country bore when no such scarcity ex- isted." We argue this point under the admission, that the mass of private wealth is to be computed from the ex- changeable value it bears ; but it will be admitted on the other hand^ that the amount of its exchangeable value must be measured by some invariable standard.
What to read after A Refutation of Some Doctrines Relating to the Sinking Fund, &c. &c. : Contained in a Work Lately Published By the Earl of Lauderdale : With Original Remarks On Different Subjects of Political Economy 8?
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To quickly assess the difficulty of the text, read a short excerpt:
Neither, therefore, can it be said, that the proprietors of the public fund* are really possessed of this supposed sum, amounting nearly to 500 millions ; whatever may be the nominal amount of their imaginary wealth. But, if there is no such wealth in existence, 100 millions of it cannot have ▼anished.
The other case put by the noble author is equally fallacious. He supposes a deficiency of-j?^ of the pro- «luce of grain, which he calculates would increase the value of a certain quantity of it ...from 3001. to 6401.
As to which he remarks : " Thus tb« * wealth of the nation being diminished by th« ♦ Pag* 5«.
14 loss of ^ of the whole of its produce of grain, the value of its grain would thereby be increased from 3001. to 54-61. ; and there would, by that means, be added to the mass of indi- vidual riches, a sum nearly equal to the value which the whole grain of the country bore when no such scarcity ex- isted." We argue this point under the admission, that the mass of private wealth is to be computed from the ex- changeable value it bears ; but it will be admitted on the other hand^ that the amount of its exchangeable value must be measured by some invariable standard.
What to read after A Refutation of Some Doctrines Relating to the Sinking Fund, &c. &c. : Contained in a Work Lately Published By the Earl of Lauderdale : With Original Remarks On Different Subjects of Political Economy 8?
You can find similar books in the "Read Also" column, or choose other free books by Member of the Middle Temple to read onlineMoreLess
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