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The Bimetallic Controversy; A Collection of Pamphlets, Papers, Speeches and Letters

The Bimetallic Controversy; A Collection of Pamphlets, Papers, Speeches and Letters


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About the Book

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. 1886 Excerpt: ..."to remain fixed; wherefore everything ought to be appraised, for "so there will be exchange. Money, like a measure, makes things "equal; for if there were no exchange there would be no inter"course, nor any exchange if there were no equality, nor any "equality if there was no common measure. In truth, it is im"possible that things differing so much should be commensurate, "but for practical use it is sufficiently possible. Money makes all "things commensurable, for all things are measured by money." It is extremely interesting to see how clearly Aristotle apprehended the great truth that the original and principal use of money is not the hoarding of treasure, but the providing a means of exchange, and that the fact that money possesses generally a certain value of its own is not part of its nature. The original use of money was to determine prices; that it possesses itself value of its own is a mere incident. All that is required in order to enable us to determine the value of an article is a common measure with which we may compare it; that measure must of course be limited in some way or other, and it is only as a means of effecting that limitation that value is introduced into the question. The value of a commodity limits its quantity. Anything which can be obtained in a limited quantity, with a certain ascertainable amount of labour, and which is divisible, will serve the purposes of money. Furs have been employed in some countries as money, cattle in others--as in the Iliad, in the estimation of the respective values of the shields of Diomedes and Glaucus, the one being worth nine oxen, the other a hundred oxen--bricks of tea in Tartary, cowries in Africa, rock salt in Abyssinia. Other African tribes calcul...


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Product Details
  • ISBN-13: 9781150712227
  • Publisher: Rarebooksclub.com
  • Publisher Imprint: Rarebooksclub.com
  • Height: 246 mm
  • No of Pages: 118
  • Spine Width: 6 mm
  • Width: 189 mm
  • ISBN-10: 1150712228
  • Publisher Date: 01 May 2012
  • Binding: Paperback
  • Language: English
  • Returnable: N
  • Weight: 227 gr


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The Bimetallic Controversy; A Collection of Pamphlets, Papers, Speeches and Letters
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