Introduction to Political Economy
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In our eReader you can find the full English version of the book. Read Introduction to 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 Introduction to Political Economy
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The denomination only comes into existence in connec- tion with the use of the tiling, cannot possibly exist independently of it, and needs constantly to be reduced to it (as it were by actual contact) in order to be useful as a measure.
The French writer Montesquieu asserted that there was in use among the inhabitants of the coast of Africa in the last century what he called " an ideal money," " a sign of value without money," the unit of which was called the macoute^ which Digitized by Google... MONBY. 287 was subdivided also into ideal tenths called pieces.
Tliis statement was startling, as implying a denomi- nation without the thing denominated, as implying a standard of value which had no basis in a valua- ble thing. It was discovered, however, afterwards, that this money of account had its origin, just as we should suppose it must have had, in an actual macovte^ namely, a piece of stuff, a fabric, which they had used first as a standard of value, and afterwards its name as a money of account.
What to read after Introduction to Political Economy?
You can find similar books in the "Read Also" column, or choose other free books by Arthur Latham Perry to read onlineMoreLess
To quickly assess the difficulty of the text, read a short excerpt:
The denomination only comes into existence in connec- tion with the use of the tiling, cannot possibly exist independently of it, and needs constantly to be reduced to it (as it were by actual contact) in order to be useful as a measure.
The French writer Montesquieu asserted that there was in use among the inhabitants of the coast of Africa in the last century what he called " an ideal money," " a sign of value without money," the unit of which was called the macoute^ which Digitized by Google... MONBY. 287 was subdivided also into ideal tenths called pieces.
Tliis statement was startling, as implying a denomi- nation without the thing denominated, as implying a standard of value which had no basis in a valua- ble thing. It was discovered, however, afterwards, that this money of account had its origin, just as we should suppose it must have had, in an actual macovte^ namely, a piece of stuff, a fabric, which they had used first as a standard of value, and afterwards its name as a money of account.
What to read after Introduction to Political Economy?
You can find similar books in the "Read Also" column, or choose other free books by Arthur Latham Perry to read onlineMoreLess
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