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
Gold rose during the whole 17th century, ——
And silver has risen since the beginning of this ——
century,
Some positions recapitulated, 620
CHAP. XIV. Circumstances to be attended to in a new 621
regulation of the British coin,
The adopting of the standard of Elizabeth, has an air ——
of justice,
Advantages of that of Mary I., ——
Conversions necessary in every case, 622
Every interest within the state to be examined, ——
Landed interest examined, ——
Interest of the public creditors examined, 625
Interest of trade examined, 628
Interest of buyers and sellers examined, ——
Interest of the bank examined, 629
Inconveniences attending all innovations, 632
Argument for preserving the standard at the present ——
value,
That every change must either hurt the bank, or the ——
public creditors,
A more easy method of making a change upon the 633
standard,
CHAP. XV. Regulations which the principles of this inquiry 634
point out as expedient to be made, by a new statute for
regulating the British coin,
1. Regulation as to the standard, ——
2. As to the weight, ——
3. Mint price, ——
4. Denominations, 635
5. Marking the weight on the coins, ——
6. Liberty to stipulate payment in gold or silver, ——
7. Creditors may demand payment, half in gold, and half ——
in silver,
8. Regulations as to sale, ——
9. Ditto as to payments to and from banks, &c., ——
10. All coin to be of full weight, when paid away, ——
11. Liberty to melt or export coin, but death to clip ——
or wash,
12. Rule for changing the mint price of the metals, 636
13. When to change the mint price, ——
14. Rule for changing the denomination of the coins, ——
15. How contracts are to be acquitted, after a change ——
of the denomination has taken place,
16. The weight of the several coins never to be 638
changed, except upon a general recoinage of one
denomination at least,
How these regulations will preserve the same value to ——
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