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" In the case supposed, the functions of money are performed by a thing which derives its power for performing them solely from convention; but convention is quite sufficient to confer the power ; since nothing more is needful to make a person accept anything... "
Complexity, Endogenous Money and Macroeconomic Theory: Essays in Honour of ... - Page 203
edited by - 2006 - 448 pages
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Principles of Political Economy with Some of Their Applications to ..., Volume 2

John Stuart Mill - Economics - 1848
...abuse. In the case supposed, the functions of money are performed by a thing which derives its power of performing them solely from convention ; but convention...determines the value of such a currency ? since it VOL. II. 7 cannot be, as in the case of gold and silver (or paper exchangeable for them at pleasure,)...
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Principles of Political Economy: With Some of Their Applications ..., Volume 2

John Stuart Mill - Economics - 1852 - 571 pages
...abuse. In the case supposed, the functions of money are performed by a thing which derives its power of performing them solely from convention ; but convention...determines the value of such a currency; since it • INCONVERTIBLE PAPER CURRENCY. 73 cannot be, as in the case of gold and silver (or paper I exchangeable...
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The Principles of Political Economy Applied to the Condition: The Resources ...

Francis Bowen - Economics - 1856 - 546 pages
...intrinsic qualities that it possesses, but solely from convention. To adopt Mr. Mill's language, " convention is quite sufficient to confer the power,...be taken from him on the same terms by others." The value of paper money, not depending at all upon its cost of production, is regulated solely by its...
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The Principles of Political Economy Applied to the Condition, the Resources ...

Francis Bowen - Economics - 1856 - 546 pages
...possesses, but solely from convention. To adopt Mr. Mill's language, " convention is quite suffici€nt to confer the power, since nothing more is needful...be taken from him on the same terms by others." The value of paper money, not depending at all upon its cost of production, is regulated solely by its...
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The Principles of Political Economy Applied to the Condition: The Resources ...

Francis Bowen - Economics - 1859 - 546 pages
...any intrinsic qualities that it possesses, but solely from convention. To adopt Mr. Mill's language, "convention is quite sufficient to confer the power,...be taken from him on the same terms by others." The value of paper money, not depending at all upon its cost of production, is regulated solely by its...
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THE PRINCIPELS OF POLITICAL ECONOMY APPLIED TO THE CONDITION, THE RESOURCES ...

FRANCIS BOWEN - 1859
...any intrinsic qualities that it possesses, but solely from convention. To *adopt Mr. Mill's language, "convention is quite sufficient to confer the power,...be taken from him on the same terms by others." The value of paper money, not depending at all upon its cost of production, is regulated solely by its...
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THE AMERICAN COMMERICIAL ARITHMETIC

T.A. BRYCE - 1873
...is received in payment of taxes, and made a legal tender, it is known as, an inconvertible currency. Nothing more is needful to make a person accept anything as money, than the persuasion that it will be taken from him on the same terms by others. That alone would ensure...
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Principles of Political Economy with Some of Their Applications to Social ...

John Stuart Mill - Economics - 1875 - 591 pages
...abuse. In the case supposed, the functions of money are performed by a thing which derives its power of performing them solely from convention ; but convention...nothing more is needful to make a person accept anything aa money, and even at any arbitrary value, than the persuasion that it will be taken from him on the...
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Money and Its Laws: Embracing a History of Monetary Theories, and a History ...

Henry Varnum Poor - Banks and banking - 1877 - 623 pages
..." In the case supposed, the functions of money are performed by a thing which derives its power of performing them solely from convention. But convention...since nothing more is needful to make a person accept any thing as money, and even at any arbitrary value, than the persuasion that it will be taken from...
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Money and Its Laws: Embracing a History of Monetary Theories, and a History ...

Henry Varnum Poor - Banks and banking - 1877 - 623 pages
..." In the case supposed, the functions of money are performed by a thing which derives its power of performing them solely from convention. But convention...since nothing more is needful to make a person accept any thing as money, and even at any arbitrary value, than the persuasion that it will be taken from...
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