The book The Culture Demanded By Modern Life was written by author William Whewell Here you can read free online of The Culture Demanded By Modern Life book, rate and share your impressions in comments. If you don't know what to write, just answer the question: Why is The Culture Demanded By Modern Life a good or bad book?
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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.
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