This historic book may have numerous typos and missing text. Purchasers can download a free scanned copy of the original book (without typos) from the publisher. Not indexed. Not illustrated. 1859 Excerpt: ... more than this amount of value. If a quantity equal to one thousand ounces of silver, or of one thousand bushels of wheat, be required to perform the exchanges of a certain community, we cannot employ more than this amount of value. If we increase the quantity, we shall only decrease the value proportionally. If such ...
Read More
This historic book may have numerous typos and missing text. Purchasers can download a free scanned copy of the original book (without typos) from the publisher. Not indexed. Not illustrated. 1859 Excerpt: ... more than this amount of value. If a quantity equal to one thousand ounces of silver, or of one thousand bushels of wheat, be required to perform the exchanges of a certain community, we cannot employ more than this amount of value. If we increase the quantity, we shall only decrease the value proportionally. If such a country be insulated from other countries, and we introduce into its circulation one thousand additional ounces of silver, equal to one thousand additional bushels of wheat, the value of the whole two thousand will be just equal to that of the one thousand ounces before; that is, the value will not alter. If, on the other hand, from such a country thus insulated we remove half the circulating medium, the remaining half will accomplish the purpose of the whole; that is, it will double in value. This is evident, because there are neither more nor less exchanges to be made than before, and a variation in the instrument does not vary the amount of the work which the necessities of the community require to be clone. If there be a given amount of yarn to be woven by twenty looms, the quantity will not be increased by employing forty looms. And, if we employ forty, we must work all of them but half the time; that is, each one will be of half its original value. If the work be doubled, we must work them by day and by night; that is, each one will be worth twice as much as before. But, manifestly, the quantity of work to be done being given, it can never be affected by varying the quantity of the instruments by which it is accomplished. While, however, this is the natural cause for the exportation of specie, other causes, which may be termed accidental, frequently occur. Where one country is largely indebted to another country, and its payments fall ...
Read Less
Add this copy of The Elements Of Political Economy. With Revisions And to cart. $19.72, new condition, Sold by Ingram Customer Returns Center rated 5.0 out of 5 stars, ships from NV, USA, published 2022 by Legare Street Press.
Add this copy of The Elements Of Political Economy. With Revisions And to cart. $24.70, like new condition, Sold by GreatBookPrices rated 4.0 out of 5 stars, ships from Columbia, MD, UNITED STATES, published 2022 by Legare Street Press.
Choose your shipping method in Checkout. Costs may vary based on destination.
Seller's Description:
Fine. Trade paperback (US). Glued binding. 288 p. In Stock. 100% Money Back Guarantee. Brand New, Perfect Condition, allow 4-14 business days for standard shipping. To Alaska, Hawaii, U.S. protectorate, P.O. box, and APO/FPO addresses allow 4-28 business days for Standard shipping. No expedited shipping. All orders placed with expedited shipping will be cancelled. Over 3, 000, 000 happy customers.
Add this copy of The Elements Of Political Economy. With Revisions And to cart. $24.95, new condition, Sold by GreatBookPrices rated 4.0 out of 5 stars, ships from Columbia, MD, UNITED STATES, published 2022 by Legare Street Press.
Choose your shipping method in Checkout. Costs may vary based on destination.
Seller's Description:
New. Trade paperback (US). Glued binding. 288 p. In Stock. 100% Money Back Guarantee. Brand New, Perfect Condition, allow 4-14 business days for standard shipping. To Alaska, Hawaii, U.S. protectorate, P.O. box, and APO/FPO addresses allow 4-28 business days for Standard shipping. No expedited shipping. All orders placed with expedited shipping will be cancelled. Over 3, 000, 000 happy customers.
Add this copy of The Elements of Political Economy. With Revisions and to cart. $24.96, new condition, Sold by BargainBookStores rated 3.0 out of 5 stars, ships from Grand Rapids, MI, UNITED STATES, published 2022 by Legare Street Press.
Add this copy of The Elements Of Political Economy. With Revisions And to cart. $29.16, new condition, Sold by Ingram Customer Returns Center rated 5.0 out of 5 stars, ships from NV, USA, published 2022 by Legare Street Press.