The book Introduction to Political Economy was written by author Arthur Latham Perry Here you can read free online of Introduction to Political Economy book, rate and share your impressions in comments. If you don't know what to write, just answer the question: Why is Introduction to Political Economy a good or bad book?
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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.
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