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" ... 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 454
by Henry Charles Carey - 1867
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Observations on paper money, banking, and overtrading

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...
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Cobbett's Political Register, Volumes 65-66

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...
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An Inquiry Into the Nature and Causes of the Wealth of Nations

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...
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Merchants' Magazine and Commercial Review, Volume 32

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...
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A Select Collection of Scarce and Valuable Tracts and Other Publications, on ...

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 ?...
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Manual of Social Science: Being a Condensation of the "Principles of Social ...

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...
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The Bank of England: And the Organisation of Credit in England

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,...
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An Inquiry into the Nature and Causes of the Wealth of Nations, Volume 1

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...
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Manual of Social Science: Being a Condensation of the "Principles of Social ...

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...
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An inquiry into the nature and causes of the wealth of nations. A careful ...

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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