The Elements of Political Economy |
Contents
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558 | |
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Common terms and phrases
accommodation bill actual Adam Smith amount bank notes Bank of England banker bestowed bills of exchange bullion called cause cent cheques circulating medium circumstances coin commerce commodities consequently corn cost of production cultivation dealer debt diminished diminution discount doctrine duction effect employed England equal exactly expression fallacy fixed capital floating capital former gold and silver greater Hence idea increase Inductive Philosophy industry J. S. Mill land manufacturer market price means merchant metals natural price nature object operations paid paper currency payable payment persons Political Economy present value produce production regulates value profit promise to pay proportion purchase quantity of labor quantity of money rate of interest received rendered rent represent Ricardo sell seller shew shewn sold species supply and demand suppose things tion trade transaction true value of money wages wealth writers