Three Lectures on the Transmission of the Precious Metals from Country to Country and the Mercantile Theory of Wealth: Delivered Before the University of Oxford, in June, 1827J. Murray, 1828 - 96 pages |
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Page 19
... supply a measure and an ex- pression of value , a substitute may be found for its third office , that of acting as a medium of exchange . It is obvious , indeed , that as money is a substitute for credit , credit must be a sub- stitute ...
... supply a measure and an ex- pression of value , a substitute may be found for its third office , that of acting as a medium of exchange . It is obvious , indeed , that as money is a substitute for credit , credit must be a sub- stitute ...
Page 22
... troublesome and costly mode of supply- ing the deficiencies of barter , and is abandoned whenever those deficiencies can be supplied at less inconvenience or expense . " The gold " and 22 TRANSMISSION OF THE PRECIOUS METALS.
... troublesome and costly mode of supply- ing the deficiencies of barter , and is abandoned whenever those deficiencies can be supplied at less inconvenience or expense . " The gold " and 22 TRANSMISSION OF THE PRECIOUS METALS.
Page 30
... supply . $ Commercial blunders so gross and so exten- sive necessarily produced wide embarrassment and ruin : evils not confined to those whose miscalculation had first occasioned them , or even to their immediate work - people and de ...
... supply . $ Commercial blunders so gross and so exten- sive necessarily produced wide embarrassment and ruin : evils not confined to those whose miscalculation had first occasioned them , or even to their immediate work - people and de ...
Page 33
... supply . If we revert to our former system , we shall again part with that portion of our gold which the returning use of paper will have rendered unnecessary . This is not the place to inquire whether our small notes really produced ...
... supply . If we revert to our former system , we shall again part with that portion of our gold which the returning use of paper will have rendered unnecessary . This is not the place to inquire whether our small notes really produced ...
Page 38
... with its prohibition of the exportation of the precious metals , its commercial treaties with those na- tions which are supposed most likely to supply gold and silver , its prohibition and restriction of the 38 MERCANTILE THEORY OF WEALTH .
... with its prohibition of the exportation of the precious metals , its commercial treaties with those na- tions which are supposed most likely to supply gold and silver , its prohibition and restriction of the 38 MERCANTILE THEORY OF WEALTH .
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Common terms and phrases
advantages Agriculture amount argument benefit Bishop of Calcutta Britain calf elegant calf gilt calf neat Captain CHRISTOPHER WORDSWORTH cious metals College currency dependence domestic Edition English Engravings evil exchange expense extent five millions folio foreign commerce foreign commodities foreign competition foreign supply France free trade French gilt leaves gold and silver half bound Husbandry Illustrations immediate importation increased independent of foreign labour large paper LATE FELLOW LECTURES London Lord William Bentinck loss MAGDALEN COLLEGE manufacturers marble leaves ment mercantile sys mercantile system mercantile theory METALS FROM COUNTRY million sterling MURRAY NASSAU WILLIAM SENIOR neighbours notes numbers obtained occasion payment PENINSULAR WAR plates plausible defence Political Economy Portraits Post 8vo precious metals present principles produce published ribands ROBERT SOUTHEY russia siege of Zaragoza silks sion soil sovereigns suffer supposed THEORY OF WEALTH tile theory tion TRANSMISSION uncut University of Oxford vols WILLIAM SOTHEBY
Popular passages
Page 53 - That the maxim of buying in the cheapest market, and selling in the dearest, which regulates every merchant in his individual dealings, is strictly applicable as the best rule for the trade of the whole nation.
Page 1 - What is prudence in the conduct of every private family, can scarcely be folly in that of a great kingdom.
Page 72 - HAMPDEN'S (BISHOP) Essay on the Philosophical Evidence of Christianity, or the Credibility obtained to a Scripture Revelation from its Coincidence with the Facts of Nature.
Page 54 - ... against foreign competition, is set up as a ground of claim by other branches for similar protection; so that if the reasoning upon which these restrictive or prohibitory regulations are founded were followed out consistently, it would not stop short of excluding us from all foreign commerce whatsoever.
Page 73 - Six Discourses delivered before the Royal Society, at their Anniversary Meetings, on the Award of the Royal and Copley Medals ; preceded by an Address to the Society, delivered in 1800, on the Progress and Prospects of Science.
Page 48 - ... objectionable be suggested ; but it is against every restrictive regulation of trade not essential to the revenue, against all duties merely protective from foreign competition, and against the excess of such duties as are partly for the purpose of revenue, and partly for that of protection, that the prayer of the present petition is respectfully submitted to the wisdom of Parliament...
Page 47 - As long as the necessity for the present amount of revenue subsists, your petitioners cannot expect so important a branch of it as the customs to be given up, nor to be materially diminished, unless some substitute, less objectionable, be suggested.
Page 53 - That a policy founded on these principles would render the commerce of the world an interchange of mutual advantages, and diffuse an increase of wealth and enjoyments among the inhabitants of each State.
Page 17 - The gold and silver money which circulates in any country may very properly be compared to a highway, which, while it circulates and carries to market all the grass and corn of the country, produces itself not a single pile of either.