 | John Stuart Mill - 1849 - 588 pages
...caused money to be looked upon as a peculiar something, not governed by the same laws as other things. Money is a commodity, and its value is determined...detail, on account of the confusion which, in minds not systematically instructed on the subject, envelopes the whole matter ; partly from a lingering remnant... | |
 | 1850 - 712 pages
...sign of value, but value. "Money," says Stuart Mill, "is a commodity, and its value is determinad, like that of other commodities, temporarily, by demand and supply ; permanently, and on the average, by the cost of. production." Sustained by this authority, we repeat — money is not an arbitrary sign... | |
 | 1850 - 718 pages
...valus. M.-talic miney is not an arbitrary sign of value, but value. ''Money," says Stuart Mdl, "is я commodity, and its value is determined, like that of other commodities, temporarily, by d -mand and supply ; permanently, and on the average, by the cost of production." Sustained by this... | |
 | Henry Dunning Macleod - 1858 - 626 pages
...price of all other commodities for a limited period, which is also adopted by Mr. Mill, who says,f " Money is a commodity, and its value is determined...permanently, and on the average, by cost of production," is a most manifest breach of the Law of Continuity. To say that at all other pouits in the range of... | |
 | George Drysdale - 1861 - 622 pages
...caused money to be looked upon as a peculiar something, not governed by the same laws as other things. Money is a commodity, and its value is determined...permanently and on the average by cost of production. . . Of the three classes into which commodities are divided — those absolutely limited in supply,... | |
 | George Drysdale - 1861 - 616 pages
...caused money to be looked upon as a peculiar something, not governed by the same laws as other things. Money is a commodity, and its value is determined...permanently and on the average by cost of production. . . Of the three classes into which commodities are divided — those absolutely limited in supply,... | |
 | Samuel Martin - 1863 - 352 pages
...value. Metallic money is not an arbitrary sign of value, but value itself. " Money," says Stuart Mill, " is a commodity, and its value is determined, like...demand and supply; permanently, and on the average, by the cost of production." Sustained by this authority, we repeat — money is not an arbitrary sign... | |
 | John Stuart Mill - 1866 - 628 pages
...caused money to be looked upon as a peculiar thing, not governed by the same laws as other things. Money is a commodity, and its value is determined...application to money, must be given in some detail, on ao count of the confusion which, in minds not scientifically instructed on the subject, envelopes the... | |
 | National cyclopaedia - 1867 - 612 pages
...money they will exchange for ; in other words, how the exchange value of money itself is determined. Money is a commodity, and its value is determined...permanently, and on the average, by cost of production. If prices are low, money will buy much of other things, and is of high value ; if prices ire high,... | |
 | Young Men's Christian Associations (London, England) - 1876 - 580 pages
...for value. Metallic money is not an arbitrary sign of value, but value. "Money," says Stuart Mill, "is a commodity, and its value is determined, like...demand and supply ; permanently, and on the average, by the cost of production." Sustained by this authority, we repeat — money is not an arbitrary sign... | |
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Money is a commodity, and its value is determined like that of other commodities, temporarily by demand and supply, permanently and on the average by cost of production. 
