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" What is the proportion which the circulating money of any country bears to the whole value of the annual produce circulated by means of it, it is, perhaps, impossible to determine. "
The Theory and Practice of Banking - Page 33
de Henry Dunning Macleod - 1875
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Scientific Tracts and Family Lyceum: Designed for Instruction and ..., Volume 1

1834 - 404 pages
...? in what capital consists ? the nature of money ? the proportion which the circulating money of a country bears to the whole value of the annual produce circulated by it ? Whether labor is the standard of value, and whether there is an immutable standard measure of...
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Mechanics' Magazine, and Journal of the Mechanics' Institute, Volume 4

1835 - 398 pages
...in what capital consists ? the nature of money ? the proportion which the circu. ¡ating money of a country bears to the whole value of the annual produce circulated by it ? Whether labor is the standard of value, and whether there is an immutable standard measure of...
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The British Cyclopaedia of the Arts, Sciences, History, Geography ...

1838 - 1014 pages
...capital, to the fund from which he furnishes materials and wages to his workmen. " What the proportion is which the circulating money of any country bears to...means of it, it is, perhaps, impossible to determine. It has been computed by different authors at a fifth, at a tenth, at a twentieth, and at a thirtieth...
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An Inquiry Into the Nature and Causes of the Wealth of Nations

Adam Smith - 1838 - 476 pages
...to his circulating capital, to the fund from which he furnishes materials and wages to his workmen. What is the proportion which the circulating money of any country bears to the wholt value of the annual produce circulated b) means of it, it is perhaps impossible to determine....
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The Writings of Thomas Jefferson: Correspondence, cont

Thomas Jefferson - 1854 - 636 pages
...productive mass, it is not easy to ascertain, because, as he says, page 441, " it is impossible to determine what is the proportion which the circulating money...country bears to the whole value of the annual produce. It has been computed by different authors, from a fifth* to a thirtieth of that value." In the United...
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The Elements of Political Economy

Henry Dunning Macleod - 1858 - 626 pages
...only which consist in provisions, materials, and finished work; the other, which consists in money and which serves only to circulate those three, must always...he does not use the expression circulating medium. 29. In the pamphlet of 1793, though we do not find the words in actual conjunction so as to form one...
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Biographical Sketches

Nassau William Senior - 1863 - 546 pages
...known and ascertained. It is upon the ground of these assumptions that estimate? have been formed of the proportion which the circulating money of any...the whole value of the annual produce circulated, which has been computed by different authors at a fifth, a tenth, a twentieth, and a thirtieth part...
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The Bank of England: And the Organisation of Credit in England

Charles Tennant - 1866 - 894 pages
...of land and labor. That, as it is impossible to determine the proportion which the circulating money bears to the whole value of the annual produce circulated by means of it, so it is impossible to determine the proportion of loss to the country from such a diminution of the...
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An Inquiry into the Nature and Causes of the Wealth of Nations, Volume 1

Adam Smith - 1869 - 576 pages
...materials and wages to his workmen. ,.- — What is the proportion which the circulating money of any J country bears to the whole value of the annual produce...means of it, it is, perhaps, impossible to determine. It has been computed by different authors at a fifth, at a tenth, at a twentieth, and at a thirtieth...
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The Principles of Economical Philosophy, Volume 1

Henry Dunning Macleod - 1872 - 730 pages
...which consist in provisions, materials, and finished work ; the other, which consists in money and which serves only to circulate those three, must always...expression circulating medium. In the pamphlet of 1 793, though we do not find the words in actual conjunction so as to form one expression, we yet have...
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