HARTLEY WITHERS THE MEANING OF MONEY PDF
The Meaning of Money has 3 ratings and 2 reviews. Dina said: The whole business of business is often to sell unneeded things to people who have no money. The Meaning of Money [Hartley Withers] on *FREE* shipping on qualifying offers. This is a reproduction of a book published before The meaning of money. by Hartley Withers. [Withers. Hartley. ] on *FREE* shipping on qualifying offers.
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The Meaning of Money
The business of money is to extend loans that often should not be extended to people who most probably won’t be able to pay them back, but since the whole thing depends on confidence, the whole facade is artificially supported by government who needs the pretense to keep the economy grow.
Goodreads helps you keep track of books you want to read. We were unable to find this edition in any bookshop we are able to search. These 2 locations in All: For these reasons it appears to us that the quantitative tlieory which Mill laid down must be reconsidered, and it is highly desirable that economists should set themselves to consider what are the final causes affecting a general rise or fall in the. This book is not yet featured on Listopia.
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These online bookshops told us they have this item: It also talks about how we should see and rethink the meanjng of money differently. Home All editions This edition, English, Book edition: Thanks for telling us about the problem.
Aug 15, Dina rated it liked it. This single location in South Australia: Physical Description xiv, p.
THE MEANING OF MONEY.* » 22 May » The Spectator Archive
Approaching the problem from the conerete point of view, Mr. View online Borrow Buy. CHAPTER III PAPER CASH The exchange of a hat for a sovereign is a quite commonplace proceeding, but when we begin to exchange a hat for a piece of paper, which is only accepted because it is believed to be convertible into gold, the element of belief, that is to say of credit, enters into the transaction, and we have moved up a step on the ladder of economic civilization.
Spectator Archive by Netcopy. But an enormous expansion of trade was made possible when it was discovered that gold could be economized by the use of paper which represented and multiplied it, and when confidence in a banker became keaning established to induce the community to circulate his promises to pay instead of pieces of metal.
Whether heretical or not, it is certainly true to fact, and consequently disposes of many theories which have survived from an earlier stage of financial civilisation.
Abraham Arslan marked it as to-read Jun 26, Public Private login e. Mening with This Book. David marked it as to-read Mar 13, John marked it as to-read Jun 01, The meanig of this evolution, also, was painful enough, and the loss and uncertainty caused by the bad and debased coin currency of the Middle Ages were rivalled by the ruin and disasters of the early days of banking, when notes were issued without any regard for the assets which were behind them, or the ability of the issuer to meet them on presentation.
And then “intelligent” humans put the whole pyramid on limited amount of gold, and they can’t even crea The whole business of business is often to sell unneeded things to people who have no money for pay for it. Comments and reviews What are comments? Tags What are tags? Published January 11th by General Books first published January 1st The first stage, as we have seen, was from barter, by which goods were exchanged for goods to purchase, by which goods were exchanged for one commodity of universal acceptability.
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North Loop Capital Management added it Mar 17, Separate different tags with a comma. He withdrs against his own credit with the banker, and the banker may have issued a loan to him i in order to enlarge that credit. He explicitly proved that banks thrive on public confidence.
The Meaning of Money by Hartley Withers
If gold is plentiful, credit will be easier, and bankers will be willing to make larger advances to their clients, authorising those clients to draw more cheques.
Login to add to list. Books by Hartley Withers. Terrence marked it as to-read Feb 03, Leakhena Heng marked it as to-read Nov 02, Language English Dewey Number This single location in Western Australia: Skip to content Tye to search. As Mr, Withers clearly shows, and as we all know, the principal transactions of commerce are conducted without the direct use of gold at all.