The Economic Journal: The Quarterly Journal of the Royal Economic Society, Band 3

Macmillan, 1893
Contains papers that appeal to a broad and global readership in all fields of economics.

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Seite 247 - 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.
Seite 738 - And it is hereby declared to be the policy of the United States to continue the use of both gold and silver as standard money, and to coin both gold and silver into money of equal intrinsic and exchangeable value, such equality to be secured through international agreement, or by such safeguards of legislation as will insure the maintenance of the parity in value of the coins of the two metals and the equal power of every dollar at all times in the markets and in the payment of debts.
Seite 738 - Treasury notes thereon, and for other purposes," as directs the Secretary of the Treasury to purchase from time to time silver bullion to the aggregate amount of four million five hundred thousand ounces, or so much thereof as may be offered in each month at the market price thereof, not exceeding one dollar for...
Seite 223 - ... may, if it deems it advisable, investigate the cause or causes of such controversy and ascertain which party thereto is mainly responsible or blameworthy for the existence or continuance of the same, and may make and publish a report finding such cause or causes and assigning such responsibility or blame.
Seite 86 - In such case, capital will be preferably employed on the old land, and will equally create a rent ; for rent is always the difference between the produce obtained by the employment of two equal quantities of capital and labour.
Seite 86 - The value of corn is regulated by the quantity of labour bestowed on its production on that quality of land, or with that portion of capital, which pays no rent.
Seite 251 - Some of the best English writers upon commerce set out with observing, that the wealth of a country consists, not in its gold and silver only, but in its lands, houses, and consumable goods, of all different kinds.
Seite 247 - The commerce and industry of the country, however, it must be acknowledged, though they may be somewhat augmented, cannot be altogether so secure when they are thus, as it were, suspended upon the Daedalian wings of paper money as when they travel about upon the solid ground of gold and silver.
Seite 666 - If we keep within us much of our commodities, we must spare many other things that we have now from beyond the seas ; for we must always take heed that we buy no more of strangers than we sell them ; for so we should empoverish ourselves and enrich them.
Seite 614 - With a circulation consisting partly of gold, partly of overvalued and inconvertible silver, which is legal tender to an unlimited amount, as in France and other countries of the Latin Union, in the United States, and also in Germany, though there the proportion of overvalued silver is more limited, the mints in all these countries being freely open to gold, but not to silver, and in some of them the silver coinage having ceased; (d) With a system under which the banks part with gold freely for export,...

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