The Collected Works of Walter Bagehot: The economic essays |
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Стр. 77
Secondly , the new coinage , to suit present commerce , must have a high gold unit . The sums to be paid are large , and therefore the medium in which they are paid should be costly . Silver is the characteristic currency of early ...
Secondly , the new coinage , to suit present commerce , must have a high gold unit . The sums to be paid are large , and therefore the medium in which they are paid should be costly . Silver is the characteristic currency of early ...
Стр. 78
Our arithmetical system is a decimal system , and it is plainly good that our coinage system should be the same . We should then count all money by tens , just as we reckon on paper all things by tens . Fourthly , the new system must be ...
Our arithmetical system is a decimal system , and it is plainly good that our coinage system should be the same . We should then count all money by tens , just as we reckon on paper all things by tens . Fourthly , the new system must be ...
Стр. 81
Gold coinage circulates at its true value , and an artificial silver coinage circulates at an abnormal value , because of its regulated quantity . Naturally it was long before this nice expedient was detected , and till then both metals ...
Gold coinage circulates at its true value , and an artificial silver coinage circulates at an abnormal value , because of its regulated quantity . Naturally it was long before this nice expedient was detected , and till then both metals ...
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Late Monetary Articles 186676 Closely Related | 9 |
One Banking Reserve or The Economist | 18 |
Will the Money Market Take The Economist | 27 |
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able abstract Adam advantage ages amount Bagehot Bank of England bankers beginning believe better bills called capital capitalist causes classes coin coinage common consider considerable cost course currency deal demand deposits desire difficulty discussion doubt Economist effect employed employment English equal exchange existing fact France give given gold greater idea important increase industry interest issue keep kind labour land least less live London matter means Mill mind nature necessary never notes obtain persons political economy population possible practical present principle probably produce profit quantity question reason reserve result rule Scotch securities seems society supply suppose theory things thought trade true unit Volume wages wealth whole writing