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Page 88
... exchange " ( Mill , III . i . 3 ) . So that , if two ships cannot exchange their rudders , their rudders are , in politico - economic language , of no value to either . But " the subject of political economy is wealth ...
... exchange " ( Mill , III . i . 3 ) . So that , if two ships cannot exchange their rudders , their rudders are , in politico - economic language , of no value to either . But " the subject of political economy is wealth ...
Page 99
... exchange value , and its expression by currencies . Note first , of exchange , there can be no profit in it . It is only in labour there can be profit - that is to say a " making in advance , " or " making in favour of " ( from proficio ) ...
... exchange value , and its expression by currencies . Note first , of exchange , there can be no profit in it . It is only in labour there can be profit - that is to say a " making in advance , " or " making in favour of " ( from proficio ) ...
Page 140
... exchange and a measure of value . ( 2 ) Currency is any medium of exchange which is current , or which circulates in any particular region ( e.g. , British currency , French currency ) . 66 ( 3 ) Legal tender is any medium of exchange ...
... exchange and a measure of value . ( 2 ) Currency is any medium of exchange which is current , or which circulates in any particular region ( e.g. , British currency , French currency ) . 66 ( 3 ) Legal tender is any medium of exchange ...
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Common terms and phrases
absolute AD VALOREM advantage Bearing precious seed become body bread CALIFORN capital caput mortuum catallactic commercial common consuming consumption definition depends desire difference economists employed equal ESSAY exchangeable value finally force function gain Geryon getting rich give given gold Government hands honour human idea implies industry inequalities interest Ixion J. S. Mill John Ruskin justice kind land laws less live luxury manufacture master Master Humphrey's Clock material means mercantile merchant Mill mind modern moral nation nature operation paragraph payment peace perhaps person Ploughshare political economy poor possession possible practical principles produce profit quantity of labour question rate of wages reader respect result Ricardo root sense servant suppose theory things tion Tisiphone trade true ultimately UNIVERSIT UNIVERSITY LOS ANGELES unjust Unto this Last VALOREM Vulgate word workman