The Logic of Money: An Essay on the Principles of Currency, and the Theory of Bimetallism (Classic Reprint) - Hardcover

Inhaltsangabe

Excerpt from The Logic of Money: An Essay on the Principles of Currency, and the Theory of Bimetallism

Money is the name given to any Commodity which is used as a general medium of exchange for other com modities. The qualities which adapt a material for best discharging the functions of money are, firstly, that it should be something which is an object of general desire secondly, that it should be of a less perishable nature than other Commodities; and thirdly, that it should possess the capability of being easily divided into homogeneous parts. Gold and Silver have been the metals found to unite in the highest degree these three requisites, viz., desirability - durability - and divisibility.

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