The Meaning of Money has 3 ratings and 2 reviews. Dina said: The whole business of business is often to sell unneeded things to people who have no money. The Meaning of Money [Hartley Withers] on *FREE* shipping on qualifying offers. This is a reproduction of a book published before The meaning of money. by Hartley Withers. [Withers. Hartley. ] on *FREE* shipping on qualifying offers.
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He explicitly proved that banks thrive on public confidence. The process of this evolution, also, was painful enough, and the loss and uncertainty caused by the bad and debased coin currency of the Middle Ages were rivalled by the ruin and disasters of the early days of banking, when notes were issued without any regard withres the assets meanig were behind them, or the ability of the issuer to meet them on presentation.
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Refresh and try again. As Mr, Hartley Withers well puts it. Lists What are lists? View online Borrow Buy. Aug 15, Dina rated it liked it.
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The business of money is to extend loans that often should not be extended to people who most probably won’t be able to pay them back, but since the whole thing depends on confidence, the whole facade is artificially supported msaning government who needs the pretense to keep the economy grow. Lists with This Book. Found at these bookshops Searching – please wait Zoom page 22 May In order to set up a list of libraries that you have access to, you must first login or sign up.
Purchase of this book includes free trial access withets www. It also talks about how we should see and rethink the meaning of money differently. And a process of painful evolution finally decided that gold was best fitted to be that commodity. Then set up a personal list of libraries from your profile page by clicking on your user name at the top right of any screen. Just a moment while we sign you in to your Goodreads account.
One factor which must guide their operations is the necessity of being able to meet a demand for legal tender currency,—i. They must therefore hold some legal tender currency in their own tills or vaults, or they must have the right to demand it from the Bank of England, which is well described as “the bankers’ bank. To ask other readers questions about The Meaning of Moneyplease sign up.
Books by Hartley Withers. This single location in South Australia: Goodreads helps you keep track of books you want to read. The first stage, as we have seen, was hartkey barter, by which goods were exchanged for goods to purchase, by which goods were exchanged for one commodity of universal acceptability.
These 2 locations in All: Set up My libraries How do I set up “My libraries”? Sep 29, Osamuyi Okpame rated it liked tbe.
Howard added it Mar 08, Trivia About The Meaning of Money.
If gold is plentiful, credit will be easier, and bankers will be willing to make larger advances to their clients, authorising those clients to draw more cheques. They will find it admirably clear, and not only free from the technicalities of trade, but, what is perhaps even more gratifying, free from the pedantry of the Professor.
As a final word we cannot resist the temptation’ of quoting Mr. John Murray, Physical Description xiv, p. But an enormous expansion of trade was made possible when it was discovered that gold could be economized by the use of paper which represented and multiplied it, and when confidence in a banker became sufficiently established to induce the community to circulate his promises to pay instead of pieces of metal.
Ada rated it it was amazing Aug 28, Withere of your libraries hold this moneh. Leakhena Heng marked it as to-read Nov 02, Comments and reviews What are comments?
This book is not yet featured on Listopia. Spotted a problem with this article? Be the first to add this to a list. His view that a cheque ought to be treated as cash in dealing with the theory of money lie describes as being perhaps heretical.
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