The Principles of Political Economy: With a Sketch of the Rise And Progress ...
The Principles of Political Economy: With a Sketch of the Rise And Progress ...
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In our eReader you can find the full English version of the book. Read The Principles of Political Economy: With a Sketch of the Rise And Progress ... 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 Principles of Political Economy: With a Sketch of the Rise And Progress ...
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its exchangeable value will be con- stant, provided it always preserves its present relation to them, but not otherwise. And it is obvious, that to communicate this constancy of value to A, it would be indispensable that those circumstances, whatever Digitized by Google 214 VALUE.
they may be, that now determine its relation to, or iti power to exchange for or purchase the commodities, B, C, D, &c. should, in all time to come, continue •to exert precisely the same relative influence on it and t...hem.* Experience, by exhibiting the exchange- able value of commodities in a state of constant fluctuation, sufficiently proves that the circumstances under which they are actually produced are wide- ly different in their operation from those now sup- posed. Perhaps, however, it may be worth while to observe, that, if commodities had been really produced under these circumstances, not A only, but every other commodity would have been an in- variable standard ; just as any given commodity in a market may be used as a standard to which to refer the value of all the rest.
What to read after The Principles of Political Economy: With a Sketch of the Rise And Progress ...?
You can find similar books in the "Read Also" column, or choose other free books by John Ramsay Mcculloch to read onlineMoreLess
To quickly assess the difficulty of the text, read a short excerpt:
its exchangeable value will be con- stant, provided it always preserves its present relation to them, but not otherwise. And it is obvious, that to communicate this constancy of value to A, it would be indispensable that those circumstances, whatever Digitized by Google 214 VALUE.
they may be, that now determine its relation to, or iti power to exchange for or purchase the commodities, B, C, D, &c. should, in all time to come, continue •to exert precisely the same relative influence on it and t...hem.* Experience, by exhibiting the exchange- able value of commodities in a state of constant fluctuation, sufficiently proves that the circumstances under which they are actually produced are wide- ly different in their operation from those now sup- posed. Perhaps, however, it may be worth while to observe, that, if commodities had been really produced under these circumstances, not A only, but every other commodity would have been an in- variable standard ; just as any given commodity in a market may be used as a standard to which to refer the value of all the rest.
What to read after The Principles of Political Economy: With a Sketch of the Rise And Progress ...?
You can find similar books in the "Read Also" column, or choose other free books by John Ramsay Mcculloch to read onlineMoreLess
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