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Mono-Metalism and Bi-Metalism; Or, the Science of Monetary Values (Paperback) Loot Price: R458
Discovery Miles 4 580
Mono-Metalism and Bi-Metalism; Or, the Science of Monetary Values (Paperback): John Badlam Howe

Mono-Metalism and Bi-Metalism; Or, the Science of Monetary Values (Paperback)

John Badlam Howe

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Loot Price R458 Discovery Miles 4 580

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This historic book may have numerous typos, missing text or index. Purchasers can download a free scanned copy of the original book (without typos) from the publisher. 1879. Not illustrated. Excerpt: ... bullion values are relative: bullion values are gold valued in silver, and silver valued in gold. An increase of silver or of gold units is a redistribution of purchasing power, which affects equally all the units of both metals when they circulate together. A rise in silver may be divided, by making one half of it a fall in gold, and a rise in gold divided, by making half of it a fall in silver. Internationally there could be no difficulty whatever in fixing bullion ratios, subject to the demand for commodity use, if a change were really desirable: all the trouble arises from nations acting separately in respect to what is of international concern, and can be effectually regulated by international arrangements alone. This independent action of nations arises from the vast complexity of the science of money and the fact that the true science of money has not yet been established. Standard is in all its implications contrary to fact as applied to money, for how can an abstract unit be a standard? The metaphysical impossibility of conceiving of any other valuation than that by units, the mathematical impossibility of any other, the actual fact that gold and silver values vary with weight of respective units only, and that paper money is but a set or series of units in the hands of holders, are standing demonstrations of the fact that all money is but a series of such units. Why has this fact never been perceived, understood, and acted upon? THE COMMODITY DEMAND TOE AETICLES OF METALLIC MATERIAL IN THE SHAPE OF GOLD AND SILVER. One of the reasons why the true science of money has not yet been established, aside from the vast complexity of its movements as an agent in the distribution of commodities, may be and probably is the fact, that the material of the money of...


Imprint: General Books LLC
Country of origin: United States
Release date: 2012
First published: 2012
Authors: John Badlam Howe
Dimensions: 246 x 189 x 4mm (L x W x T)
Format: Paperback - Trade
Pages: 70
ISBN-13: 978-1-150-02954-7
Categories: Books
LSN: 1-150-02954-4
Barcode: 9781150029547

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