An Inquiry into the Principles of Political Oeconomy (Vol. 1 of 2): Being an essay on the science of domestic policy in free nations. In which are particularly considered population, agriculture, trade, industry, money, coin, interest, circulation, banks, exchange, public credit, and taxesSteuart, James, Sir
History
An Inquiry into the Principles of Political Oeconomy (Vol. 1 of 2): Being an essay on the science of domestic policy in free nations. In which are particularly considered population, agriculture, trade, industry, money, coin, interest, circulation, banks, exchange, public credit, and taxes
Steuart, James, Sir
Economics
CHAP. I. Of money of accompt, 526
What money is ——
Definitions ——
Money a scale for measuring value, ——
Principles which determine the value of things 527
Prices not regulated by the quantity of money, ——
But by the relative proportion between commodities and 528
the wants of mankind,
Necessity of distinguishing between money and price, 529
Money of accompt what, and how contrived, ——
Examples of it, 531
Bank money, ——
Angola money, ——
CHAP. II. Of artificial or material money, ——
Usefulness of the precious metals for the making money, 532
Adjusting a standard, what? 533
Debasing and raising a standard, what? 534
The alteration of a standard, how to be discovered? ——
Of alloy, ——
CHAP. III. Incapacities of the metals to perform the office 535
of an invariable measure of value,
1. They vary in their relative value to one another, ——
All measures ought to be invariable, ——
Consequences when they vary, 536
Defects of a silver standard, 537
Arguments in favour of it, ——
Answers to these arguments, 538
Usefulness of an universal measure, 539
They have two values, one as coin, and one as metals, 540
Smaller inconveniences attending material money, ——
It wears in circulation, ——
It is inaccurately coined, 541
The coinage adds to its value, without adding to its ——
weight,
The value of it may be arbitrarily changed, ——
Trade profits of the smallest defects in the coin, ——
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