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TWoN Book 4 Chapter 1

November 24th, 2009 · 1 Comment

Page 326: “That wealth consists in money, or in gold and silver, is a popular notion which naturally arises from the double function of money, as the instrument of commerce, as well as the measure of value.”  In fact, according to Smith, wealth of the individual consists in what can be purchased for money, and [...]

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Tags: Steve · The Wealth of Nations

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