The Monetary Question An Essay Which Obtained the Prize Offered By Sir H M M
The Monetary Question An Essay Which Obtained the Prize Offered By Sir H M M
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In our eReader you can find the full English version of the book. Read The Monetary Question An Essay Which Obtained the Prize Offered By Sir H M M 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 Monetary Question An Essay Which Obtained the Prize Offered By Sir H M M
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To quickly assess the difficulty of the text, read a short excerpt:
It is clear from what I have just said that the whole industrial and commercial class has borne the weight of it.
But what we must especially observe in all this is that the question is not of losses sustained by some, and 772^^ PROBABLE CONSEQUENCES by which others have profited; for if such has partially- been the case, it has not been the characteristic of the recent course of things. The principal result with which we have to do is the slackenincf of commercial and industrial activity, and ...the restriction of produc- tion. It is perfectly clear that from these there must follow a diminution of prosperity and of the general wellbeinsr.
As to the disturbance of financial contracts which resulted from the increasing scarcity of gold, this on the other hand merely causes a transfer of wealth. The loss of the debtors has become the gain of the creditors. Still, what happened here has not been without signifi- cance from the point of view of the general interest. For the creditors are for the most part the fund- holders and great capitalists.
What to read after The Monetary Question An Essay Which Obtained the Prize Offered By Sir H M M?
You can find similar books in the "Read Also" column, or choose other free books by G M Gidon Maria Boissevain to read onlineMoreLess
To quickly assess the difficulty of the text, read a short excerpt:
It is clear from what I have just said that the whole industrial and commercial class has borne the weight of it.
But what we must especially observe in all this is that the question is not of losses sustained by some, and 772^^ PROBABLE CONSEQUENCES by which others have profited; for if such has partially- been the case, it has not been the characteristic of the recent course of things. The principal result with which we have to do is the slackenincf of commercial and industrial activity, and ...the restriction of produc- tion. It is perfectly clear that from these there must follow a diminution of prosperity and of the general wellbeinsr.
As to the disturbance of financial contracts which resulted from the increasing scarcity of gold, this on the other hand merely causes a transfer of wealth. The loss of the debtors has become the gain of the creditors. Still, what happened here has not been without signifi- cance from the point of view of the general interest. For the creditors are for the most part the fund- holders and great capitalists.
What to read after The Monetary Question An Essay Which Obtained the Prize Offered By Sir H M M?
You can find similar books in the "Read Also" column, or choose other free books by G M Gidon Maria Boissevain to read onlineMoreLess
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