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The Value of Money
img img The Value of Money img Chapter 21 THE ORIGIN OF MONEY, AND THE VALUE OF GOLD
21 Chapters
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Chapter 21 THE ORIGIN OF MONEY, AND THE VALUE OF GOLD

Problem stated 397-401

Value vs. saleability: degrees of saleability; theory of saleability; "buying price" vs. "selling price"; indirect exchange in barter economy; development of commodity of superior saleability into money 401-406

Money never unique 406-407

Origin of gold money: ornament; store of value; social prestige of prodigality a

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