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the sanction for a living wage a compilation of data from official and authori

history of the cleveland sinking fund of 1862

This volume is produced from digital images created through the University of Michigan University Library's preservation reformatting program. The Library seeks to preserve the intellectual content of items in a manner that facilitates and promotes a variety of uses. The digital reformatting process results in an electronic version of the text that can both be accessed online and used to create new print copies. This book and thousands of others can be found in the digital collections of the University of Michigan Library. The University Library also understands and values the utility of print, and makes reprints available through its Scholarly Publishing Office.

readings in money and banking

Purchase of this book includes free trial access to www.million-books.com where you can read more than a million books for free. This is an OCR edition with typos. Excerpt from book: CHAPTER HI i QUALITIES OF THE MATERIAL OF MONEY 1 Many recent writers, such as Huskisson, MacCulloch, James Mill, Gamier, Chevalier, and Walras, have satisfactorily described the qualities which should be possessed by the ma- ter-ial of money. Earlier writers seem, however, to have understood the subject almost as well. . . . Of all writers, M. Chevalier . . .- probably gives the most accurate and full account of the properties which money should possess, and I shall in many points follow his views. The prevailing defect in the treatment of the subject is the failure to observe that money requires different properties as regards different functions. To decide upon the best material for money is thus a problem of great complexity, because we must take into account at once the relative importance of the several functions of money, the degree in which money is employed for each function, and the importance of each of the physical qualities of the substance with respect to each function. In a simple state of industry money is chiefly required to pass about between buyers and sellers. It should, then, be conveniently portable, divisible into pieces of various size, so that any sum may readily be made up, and easily distinguishable by its appearance, or by the design impressed upon it. When money, however, con1es to serve, as it will ,t some future time, almost exclusively as a measure and standard of value, the system of exchange, being one of perfected barter, such properties become a matter of comparative indifference, and stability of value, joined perhaps to portability, is the most important quality. Before venturing, however, to discuss such complex questions, we must proceed to a preliminary discussion of the properties in question, whichmay thus perhaps be enumerate...

private property and rights in enemy countries and private rights against enemy

A paper on forestry interests of Oregon

the reason why natural history giving reasons for hundreds of interesting fac

an economic view of the market for corporate control

The Philo system of progressive poultry keeping

How to use Hawaiian fruits

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