The True Nature of Value (Classic Reprint) - Hardcover

Rufus Farrington Sprague

9780265231944: The True Nature of Value (Classic Reprint)

Hardcover

ISBN 10: 0265231949 ISBN 13: 9780265231944

Publisher: Forgotten Books, 2017

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Explore how value really works in money and markets.

This edition distills a theory of value that links money, coins, and the true costs hidden in trade to real-world price movements.

This book examines how paper and metal money influence the price of everything we buy and sell. It explains why promises to pay and the weight of coins affect market value, and how differing “hindrances” shape what we pay for goods and services. The discussion bridges historical money systems with practical ideas about fair exchange and competitive pricing.

How the market determines value by the effort required to produce goods and overcome obstacles
Why fiat money can lose buying power and how coin and bullion values relate to real value
Gresham’s Law and the dynamics of using different money types in a single economy
What paper promises really represent in contrast to actual money and goods

Ideal for readers curious about the foundations of money, price, and marketplace behavior, as well as those seeking a thoughtful perspective on economic history and theory.

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