The Science of National Life. the Origin, Formation And Development of the Wealth of Nations
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In our eReader you can find the full English version of the book. Read The Science of National Life. the Origin, Formation And Development of the Wealth of Nations 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 Science of National Life. the Origin, Formation And Development of the Wealth of Nations
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To quickly assess the difficulty of the text, read a short excerpt:
CHAPTER XXXI.
SPECIE AS THE BASIS FOR MONEY.
THE necessity for money as a circulating medium for exchange, is clearly evident, when the difficulties of the exchange of commodities, as the farmer exchanging pork for salt, is considered.
Suppose a producer to have prepared his product for con- sumption. If he be obliged to exchange in kind, it may be a long time before he find another person who desires the article which he has created. If he be obliged to wait long, his product, if perishable, w...ill be either destroyed or deterio- rated. He must go in search of a purchaser; and if he at length find one, he may have consumed in the search as much time as the article originally cost. This must be added to the cost of the article, or else he will be a Ibser.
But, by this additional cost, the product is no better; it is only dearer. This must, of course, decrease the demand ; and hence, by all this additional cost, both parties are poorer.
But it is to be remembered that the producer not only wants to part with his product, but also to part with it for some definite object of desire.
What to read after The Science of National Life. the Origin, Formation And Development of the Wealth of Nations?
You can find similar books in the "Read Also" column, or choose other free books by Scott F Scott Funk Hershey to read onlineMoreLess
To quickly assess the difficulty of the text, read a short excerpt:
CHAPTER XXXI.
SPECIE AS THE BASIS FOR MONEY.
THE necessity for money as a circulating medium for exchange, is clearly evident, when the difficulties of the exchange of commodities, as the farmer exchanging pork for salt, is considered.
Suppose a producer to have prepared his product for con- sumption. If he be obliged to exchange in kind, it may be a long time before he find another person who desires the article which he has created. If he be obliged to wait long, his product, if perishable, w...ill be either destroyed or deterio- rated. He must go in search of a purchaser; and if he at length find one, he may have consumed in the search as much time as the article originally cost. This must be added to the cost of the article, or else he will be a Ibser.
But, by this additional cost, the product is no better; it is only dearer. This must, of course, decrease the demand ; and hence, by all this additional cost, both parties are poorer.
But it is to be remembered that the producer not only wants to part with his product, but also to part with it for some definite object of desire.
What to read after The Science of National Life. the Origin, Formation And Development of the Wealth of Nations?
You can find similar books in the "Read Also" column, or choose other free books by Scott F Scott Funk Hershey to read onlineMoreLess
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