...Money * MONEY is not, properly speaking, one of the subjects of commerce ; but only the instrument which men have agreed upon to facilitate the exchange...the oil which renders the motion of the wheels more smooth and easy. 2 If we consider any one kingdom by itself, it is evident, that the greater or less...

...observation that 'money is not, properly speaking, one of the subjects of commerce; but only the instrument which men have agreed upon to facilitate the exchange of one commodity for another.' The significance of this remark lies in its repudiation of the mercantilists' excessive preoccupation...

...Hume:593 „Money is not, properly speaking, one of the subjects of commerce, but only the instrument which men have agreed upon to facilitate the exchange of one commodity for another".594 Bei David Ricardo ist das für eine gesellschaftsvertragliche Ordnung typische Ziel der...

...Functions Money is not, properly speaking, one of the subjects of commerce; but only the instrument which men have agreed upon to facilitate the exchange...the oil which renders the motion of the wheels more smooth and easy. David Hume Subject Matter of This Chapter and Learning Outcomes Money is extremely...

...says Hume, " properly speaking, one of the subjects of commerce, but only the instrument which all have agreed upon to facilitate the exchange of one...another. It is none of the wheels of trade ; it is the nil which renders the motion of the wheels more smooth and easy." — Essay on Money. Had the author...

...clear how far Hume always kept himself free from the opposite error of holding it to be less. Money "is none of the wheels of trade ; it is the oil which renders the motion of the wheels more smooth and easy." Men and commodities are the real strength of a community. In a single isolated country,...

...new and less expensive wheel ;" but Hume, in his ''Political Discourse." says, •• money is noue of the wheels of Trade; it is the oil which renders the motion of the wheels more smooth and easy." Were I asked to which of these definitions I would subscribe, I reply unhesitatingly,...

...assumed that "money is not, properly speaking, one of the subjects of commerce; but only the instrument which men have agreed upon to facilitate the exchange of one commodity for another". But silver and gold are traded as commodities; the overriding fact of England's trade with the Far...

...observation that "money is not, properly speaking, one of the subjects of commerce; but only the instrument which men have agreed upon to facilitate the exchange of one commodity for another". The significance of this remark lies in its repudiation of the mercantilists' excessive preoccupation...

...have agreed upon to iilitate the exchange of one commodity for another; it is not one of the leelsof trade: it is the oil which renders the motion of the wheels more, tooth and easy." The minute 'division of labor, and the infinite variety and amount of its oductions,...