 | Immanuel Kant - 1999 - 706 pages
...19:3. 23 Adam Smith says merely, "It is in this manner that money has become in all civilized nations the universal instrument of commerce, by the intervention...are bought and sold, or exchanged for one another." The Wealth of Nations, Bk. I, Ch. IV (Middlesex and New York, Penguin Books, 1970), p. 131. He does,... | |
 | 2000 - 224 pages
...the "origin and use of money,'' and in this way he shows how it has become "in all civilised nations the universal instrument of commerce, by the intervention...are bought and sold, or exchanged for one another." It is, to use again the technical language of economic manuals, a 'medium of exchange.' But in these... | |
 | Immanuel Kant - 2002 - 302 pages
...Money, Bnd are called Coin. According to Adam Smith, ' Money has become, in all civilised nations, the universal instrument of Commerce, by the intervention...are bought and sold or exchanged for one another.' — This Definition expands the empirical conception of Money to the rational idea of it, by taking... | |
 | Augusto Graziani - 2003 - 190 pages
...primitive money, Smith concludes: 'It is in this manner that money has become in all civilised nations the universal instrument of commerce, by the intervention...are bought and sold, or exchanged for one another' (Smith 1993 [1776], book I, chapter 4:34). Similarly, in Stuart Mill's words, money is 'the medium... | |
 | Adam Smith - 2004 - 260 pages
...rich and commercial nations. . . . It is in this manner that money has become in all civilized nations the universal instrument of commerce, by the intervention...are bought and sold, or exchanged for one another. . . . The word VALUE, it is to be observed, has two different meanings, and sometimes expresses the... | |
 | Guang-Zhen Sun - 2005 - 312 pages
...by a very great public calamity. It is in this manner that money has become in all civilized nations the universal instrument of commerce, by the intervention...are bought and sold, or exchanged for one another. Book II Of the Nature, Accumulation, and Employment of Stock. Introduction IN that rude state of society... | |
 | Kenneth McNeil - 2007 - 236 pages
...of money circulation and of credit. "Money," as Smith writes, "has become in all civilized nations the universal instrument of commerce, by the intervention...are bought and sold, or exchanged for one another" (44). Furthermore, Smith argues, the adequate circulation of money is key to ensuring the health of... | |
 | Adam Smith - 2007 - 597 pages
...money has become in all civilized nations the universal instrument of commerce, by the inter; vention of which goods of all kinds are bought and sold, or '• exchanged for one another. • What are the rules which men naturally observe in ex( changing them either for money or for one... | |
 | Adam Smith - 2007 - 513 pages
...calamity. IT is in this manner that money has become in all civilized nations the univerfal inftrument of commerce, by the intervention of which goods of all kinds are bought and fold, or exchanged for one another. WHAT are the rules which men naturally obftrve in exchanging them... | |
 | Michael Lewis - 2007 - 1476 pages
...a very great public calamity. It is in this manner that money has become, in all civilized nations, the universal instrument of commerce, by the intervention...are bought and sold, or exchanged for one another. What are the rules which men naturally observe, in exchanging them either for money, or for one another,... | |
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It is in this manner that money has become in all civilized nations the universal instrument of commerce, by the intervention of which goods of all kinds are bought and sold, or exchanged for one another. 
