Introduction to political economy by Arthur Latham PerryIntroduction to political economy by Arthur Latham Perry

Introduction to political economy

byArthur Latham Perry

Paperback | January 11, 2012

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This historic book may have numerous typos, missing text or index. Purchasers can download a free scanned copy of the original book (without typos) from the publisher. 1880. Not illustrated. Excerpt: ... CHAPTER IV. MONEY. Money is always a pleasant topic to discourse about. Through the influence of association, the very word has come to have an agreeable sound; and the thing itself, especially in the form of gold or silver coin, is an object of beauty, as well as of great utility. Even a Bank of England note, which rarely gets much soiled by usage, inasmuch as, once returned to the bank, it is never re-issued, and its average life is computed to be not more than three days, is not a disagreeable thing to look at; neither are our present national bankbills and greenbacks offensive to the eye, until, by much usage, they become dirty and mutilated, and even then they are still convenient things to have. Money, too, almost always has upon it in some form the symbol of its nationality, it bears the image and superscription of Csesar, and so becomes associated with patriotic love of country. Another thing that gives' interest to the subject of money, is the fact that it is a human invention, and therefore completely intelligible, inasmuch as men can always understand what men have devised. Undoubtedly, the conditions of exchange were so pre-ordained as to make money of some sort an almost indispensable instrument of society, and to make the invention of it a comparatively easy task to the human mind, still, we can go back in history to a time when there seems to have been no money, and we can trace in tolerably clear outline the gradual introduction of various forms of money, until Pheidon, King of Argos, first coined silver money in Greece in the first half of the eighth century before Christ. The Homeric poems, probably about a century older than the time of Pheidon, make no mention of money, though gold is several times alluded to as an article of value, and most ...
Title:Introduction to political economyFormat:PaperbackDimensions:86 pages, 9.69 × 7.44 × 0.18 inPublished:January 11, 2012Publisher:General Books LLCLanguage:English

The following ISBNs are associated with this title:

ISBN - 10:0217853609

ISBN - 13:9780217853606