Elements of Political Economy

Adam Smith advantage amount assignats balance of trade bank Bank of England bills borrow capital Carey circulation coins commercial commodities Congress consequently cost of labor cost of production cottons currency debt demand depreciation desire dollars duties efforts element employed England English estimated exchange exported France French gain gold and silver Hamilton tariff hand human important increased interest land laws of value legal tender less lessen loan machinery manufacture measure of value ment Mercantile System metals monopoly motive natural natural laws offer paid paper money parties payment persons Political Economy principles profits purchase purchasing-power quantity rate per cent reason received relative render restrictions return service rise satisfaction science of value seigniorage sell silks society supply supposed tariff tends theory things tion United utility value of money vary wages wants wealth whole worth