... by the substitution of paper, the gold and silver necessary for circulation is reduced to, perhaps, a fifth part of the former quantity, if the value of only the greater part of the other four-fifths be added to the funds which are destined for the... Principles of Social Science - Page 454by Henry Charles Carey - 1867Full view - About this book
| Henry Brooke Parnell (1st baron Congleton.) - Banks and banking - 1827 - 310 pages
...four-fifths be added to the funds which are destined for the maintenance of industry, it must make a very considerable addition to the quantity of that industry; and, consequently, to the value of the annual produce of land and labour *." Mr. Kicardo says, " A currency is in its most perfect state when... | |
| William Cobbett - Great Britain - 1828 - 848 pages
...four-fifths be added to the funds which are otttiued for the maintenance of industry, it romt make a very considerable addition to the quantity of that...industry ; and, consequently, to the value of the annual produce of land and labour.' currency is in its Mr. RICARDO says, < a most perfect state when... | |
| Adam Smith - Economics - 1838 - 476 pages
...funds whict are destined for the maintenance of indus:ry, it must make a very considerable ad. dition to the quantity of that industry, and, consequently, to the value of the annual produce of land and labour. An operation of this kind has, within these ive-and-twenty or thirty... | |
| Commerce - 1855 - 800 pages
...— that " by this operation 20,000/. in gold and silver perform all the functions which 1 00,000/. could otherwise have performed" — that " the whole...the value of the amount produced by land and labor." (Book ii. chap. 2.) It is certainly difficult to reconcile these statements with the idea that the... | |
| John Ramsay McCulloch - Banks and banking - 1857 - 718 pages
...Nations, vol. ip 441. 9 for the maintenance of industry, a very considerable addition will be made to the quantity of that industry, and consequently to the value of the annual produce of land aud labour. How desirable then for every country to have these advantages ?... | |
| Henry Charles Carey - Economics - 1866 - 594 pages
...never can exist, is based the whole of the celebrated argument in reference to "the balance of trade." The theory of Dr. Smith being thus, like that of Mr....the value of the amount produced by land and labor." It is certainly difficult to reconcile these statements with the idea that the cheapening of the precious... | |
| Charles Tennant - Banks and banking - 1866 - 894 pages
...four-fifths be added to the funds which are destined for the maintenance of industry, it must make a very considerable addition to the quantity of that industry, and, consequently, to the value of the annual produce of land and labor. which are destined for the maintenance of industry be diminished,... | |
| Adam Smith - Economics - 1869 - 576 pages
...four-fifths be added to the funds which are destined for the I maintenance of industry, it must make a very considerable addition | to the quantity of that industry, and, consequently, to the value of t the annual produce of land and labour. An operation of this kind has, within these fivc-and-twenty... | |
| Henry Charles Carey, Kate McLean - Economics - 1872 - 584 pages
...never can exist, is based the whole of the celebrated argument in reference to " the balance of trade." The theory of Dr. Smith being thus, like that of Mr....the value of the amount produced by land and labor." It is certainly difficult to reconcile these statements with the idea that the cheapening of the precious... | |
| Adam Smith - 1875 - 808 pages
...four-fifths be added to the funds which are destined for the maintenance of industry, it must make a very considerable addition to the quantity of that industry, and, consequently, to the value of the annual produce of land and labour. An operation of this kind has, within these five-and-twenty or thirty... | |
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