The History of Economics
The History of Economics
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In our eReader you can find the full English version of the book. Read The History of Economics 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 The History of Economics
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Accordingly, 25.21 was usually considered as the Par of Exchange between England and France when gold was fixed at the ratio of z to 15^ to silver, which ratio is now only maintained by the French Mint being closed to the free coinage of silver for the public.
\ Digiti zed by G00gle E. ] Exchange 413 There can be no Fixed Par of Exchange between Countries which use Different Metals as their Legal Standard.
There can only be a Real Par of Exchange between countries when they use the Same Metal a...s their Legal Standard There can be no fixed Par of Exchange between countries which use different metals, such as gold and silver, for their Legal Standard.
The relative market value of the two metals is constantly varying from causes entirely beyond the control of any law. It has already been shown that the value of the coins, when issued in unlimited quantities, strictly follows the market value of the metals. It is no more possible to have a fixed price of one in terms of the other, than to have a fixed legal price of corn or meat or any other com- modity.
What to read after The History of Economics?
You can find similar books in the "Read Also" column, or choose other free books by Henry Dunning Macleod to read onlineMoreLess
To quickly assess the difficulty of the text, read a short excerpt:
Accordingly, 25.21 was usually considered as the Par of Exchange between England and France when gold was fixed at the ratio of z to 15^ to silver, which ratio is now only maintained by the French Mint being closed to the free coinage of silver for the public.
\ Digiti zed by G00gle E. ] Exchange 413 There can be no Fixed Par of Exchange between Countries which use Different Metals as their Legal Standard.
There can only be a Real Par of Exchange between countries when they use the Same Metal a...s their Legal Standard There can be no fixed Par of Exchange between countries which use different metals, such as gold and silver, for their Legal Standard.
The relative market value of the two metals is constantly varying from causes entirely beyond the control of any law. It has already been shown that the value of the coins, when issued in unlimited quantities, strictly follows the market value of the metals. It is no more possible to have a fixed price of one in terms of the other, than to have a fixed legal price of corn or meat or any other com- modity.
What to read after The History of Economics?
You can find similar books in the "Read Also" column, or choose other free books by Henry Dunning Macleod to read onlineMoreLess
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