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Synopsis
The Science Of Exchanges by Nathaniel Alexander Nicholson. This classic work surveys the theory and practice of exchange, money, and value, presenting a unified framework for understanding how and why prices, profits, and trade arise. Nicholson defines value as the real or perceived advantage from the use of a commodity and distinguishes value in use from value in exchange. The book then builds a systematic treatment of topics from value, demand and supply, and labor to capital, money, currency, and banking. It explains the mechanics of the Bank of England, currency regulation, monetary depreciation, and the gold standard, including discussions of double standards in several nations. It continues with foreign exchanges, taxation, land, and the distribution of wealth, offering historical examples and arguments for free trade and against protection. The work closes with reflections on public finance, taxation, and national debt. A foundational text in monetary theory, it champions liberty in exchange, education, and the productive role of trade in national prosperity.
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The Science of Exchanges
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The Science of Exchanges
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HardPress Ltd, 2021
ISBN 10: 046176301X
ISBN 13: 9780461763010
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Science of Exchanges
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Condition: New. KlappentextrnrnThis is a reproduction of the original artefact. Generally these books are created from careful scans of the original. This allows us to preserve the book accurately and present it in the way the author intended. Since the origina. Seller Inventory # 2145202284
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