The Meaning of Money has 3 ratings and 2 reviews. Dina said: The whole business of business is often to sell unneeded things to people who have no money. The Meaning of Money [Hartley Withers] on *FREE* shipping on qualifying offers. This is a reproduction of a book published before The meaning of money. by Hartley Withers. [Withers. Hartley. ] on *FREE* shipping on qualifying offers.
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Open to the public ; G Book English Show 0 more libraries This book is not yet featured fo Listopia. Refresh and try again. And then “intelligent” humans put the whole pyramid on limited amount of gold, and they can’t even crea The whole business of business is often to sell unneeded things to people who have no money for pay for it. His view that a cheque ought to be treated as cash in dealing with the theory of money lie describes as being perhaps heretical.
They are conducted by means of a fiduciary currency which bankers create by issuing cheque- books. We were unable to find this edition in any bookshop we are able to search.
The Meaning of Money by Hartley Withers
Zoom page 22 May Terrence marked it as to-read Feb 03, For these reasons it appears to us that the quantitative tlieory which Mill laid down must be reconsidered, and it is highly desirable that economists should set themselves to consider what are the final causes affecting a general rise or fall in the.
And a process of painful evolution finally decided that gold was best fitted to be that commodity. To see what your friends thought of this book, please sithers up. Quite an interesting book. The assumption that the holder of the cheque-book can only draw against an actual deposit of gold or bank-notes is, of course, largely a fancy.
CHAPTER III PAPER CASH The exchange of a hat for a sovereign is a quite commonplace proceeding, but when we begin to exchange a hat for a piece of paper, which is only accepted because it is believed to be convertible into gold, the element of belief, that is to say of credit, enters into the transaction, and we have moved up a step on the ladder of meanng civilization.
Tags What are tags? These online bookshops told us they have this item: In a period of general optimism credit might be lavishly given, even though gold were scarce. Menaing helps you keep track of books you want to read. This is an OCR edition with typos. To ask other readers questions about The Hqrtley of Moneyplease sign up.
THE MEANING OF MONEY.*
In other words, bankers can expand or Contract the real currency of the country by lending or by refusing to lend. Paperback70 pages. Return to Book Page. North Loop Capital Management added it Mar 17, Spotted a problem with this article? Want to Read saving…. Found at these bookshops Searching – please wait There are no discussion topics on this book yet.
Lists with This Book. These 2 locations in All: Whether heretical or not, it is certainly true to fact, and consequently disposes of many theories which have survived from an earlier stage of financial civilisation.
It also talks about how we should see and rethink the meaning of money differently. As Mr, Hartley Withers well puts it.
View online Borrow Buy. John Murray, Physical Description xiv, p. Public Private login e. Lists What are lists? Published January 11th by General Books first published January 1st The business of money is to extend loans that often kf not be extended to people who most probably won’t be able to pay them back, but since the whole thing depends on confidence, the whole facade is artificially supported by government who needs the pretense to keep the economy grow.
He draws against his own credit with the banker, and the banker may have issued a loan to him i in order to enlarge that credit. Want to Read Currently Reading Read. None of your libraries hold this item. Home All editions This edition, English, Book edition: And then “intelligent” humans put the whole pyramid on limited amount of gold, and they can’t even create a system that pegs the aithers of god to amount of credit extended, so it will not continually create boom and busts.
Physical Description xiv, p.
Separate different tags with a comma. You also may like to try some of these bookshopswhich may or may not sell this item. Hartley Withers brushes away a good many of the technicalities which in other text-books so greatly obscure the meaning of money.
Nevertheless, the appearance of the bank-note marks the first step in the development of banking as we understand it nowadays, withsrs is, of a machinery for the manufacture of credit. The machine is a miracle of ease and efficiency. University of Western Australia Library.
As a final word we cannot resist the temptation’ of quoting Mr.