Publisher's Synopsis
Excerpt from An Inquiry Into the Laws Which Regulate the Circulation and Distribution of Wealth
It holds as a rule that gold and silver are of the great est value in the poorest countries, and of the lowest value in the richest. They are hoarded in one case, they are consumed for luxury in the other. Neither their value nor circulation is uniform. The productive energies of civilized nations are thus arrested and paralysed through a cause which operates on every element of human so ciety. Any circumstance Which arises to increase the activity of circulation calls forth at once powers of pro duction Which surpass all ordinary estimate.
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