The New Philosophy of Money a Practical Treatise On the Nature And Office of Mo
The New Philosophy of Money a Practical Treatise On the Nature And Office of Mo
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In our eReader you can find the full English version of the book. Read The New Philosophy of Money a Practical Treatise On the Nature And Office of Mo 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 New Philosophy of Money a Practical Treatise On the Nature And Office of Mo
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To quickly assess the difficulty of the text, read a short excerpt:
Even if there were no standard of value and therefore no money, still nothing could prevent a partial fail- ure of the wheat crop from enhancing the value of every bushel of wheat. Such evils, so far as they arise from nat- ural causes, are in the nature of inevitable disasters and must be borne. But they are of no force whatever as an argu- ment against the adoption of a standard of value. If every yardstick in existence, instead of constantly remaining thirty- six inches long, were to vary fr...om day to day within the limits of thirty-five and thirty-seven inches, we should still be better off than with no yardstick at all. But it would be no more foolish to abolish the yardstick because of such a defect than it would be to abolish the standard of value, and there- fore money, simply because no commodity can be found for a standard which is not subject to the law of supply and demand.
A NECESSITY OR A DELUSION, WHICH?
[Liieriy, June 2j, fSg/. ] To tlic Editor of Liberty : 234 It is not only a delusion, but a misuse of language, to talk of a "standard of value.
What to read after The New Philosophy of Money a Practical Treatise On the Nature And Office of Mo?
You can find similar books in the "Read Also" column, or choose other free books by Alfred B Westrup to read onlineMoreLess
To quickly assess the difficulty of the text, read a short excerpt:
Even if there were no standard of value and therefore no money, still nothing could prevent a partial fail- ure of the wheat crop from enhancing the value of every bushel of wheat. Such evils, so far as they arise from nat- ural causes, are in the nature of inevitable disasters and must be borne. But they are of no force whatever as an argu- ment against the adoption of a standard of value. If every yardstick in existence, instead of constantly remaining thirty- six inches long, were to vary fr...om day to day within the limits of thirty-five and thirty-seven inches, we should still be better off than with no yardstick at all. But it would be no more foolish to abolish the yardstick because of such a defect than it would be to abolish the standard of value, and there- fore money, simply because no commodity can be found for a standard which is not subject to the law of supply and demand.
A NECESSITY OR A DELUSION, WHICH?
[Liieriy, June 2j, fSg/. ] To tlic Editor of Liberty : 234 It is not only a delusion, but a misuse of language, to talk of a "standard of value.
What to read after The New Philosophy of Money a Practical Treatise On the Nature And Office of Mo?
You can find similar books in the "Read Also" column, or choose other free books by Alfred B Westrup to read onlineMoreLess
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