Money and the Mechanism of Exchange by William Stanley Jevons

Author:William Stanley Jevons [Jevons, William Stanley]
Language: eng
Format: epub, pdf
Published: 0101-01-01T00:00:00+00:00

Mint establishment

42,000

£4,352,000

From this amount ought to be subtracted the profit which the mint makes out of the seignorage upon silver and bronze coins; but we may set off this profit against the wholly unknown amount which the public loses by the accidental dropping of coins.

International Money

In a book upon money written in the present day, reference must certainly be made to the scheme put forward, and even the steps accomplished, towards a world-wide system of International Money. Much time will no doubt pass before such a notion is realized, and the recent retrograde action of the German government tends to retard so great an achievement of advancing civilization. Yet in all our changes and discussions of monetary matters we ought to bear in mind the eventual introduction of a uniform monetary system. We may surely look for a gradual amelioration in the relations of nations, though wars cannot yet be avoided. We have international copyright, extradition of criminals, maritime codes of signals, postal conventions, treaties for lessening the horrors of war. Nations have long since ceased to be isolated bodies wishing evil to all their neighbours; and as free trade becomes everywhere predominant, and communication by means of railway, steamboat, telegraph, post, and newspaper continually increases, we may look for the time when all people will seek to break down, as far as possible, the barriers between one family and another of the human race.

I will first of all state the advantages which may be expected to accrue from an international system of metallic money, and will then describe in succession the corresponding possible disadvantages, the progress which has already been made towards the simplification of monetary systems, the principal schemes set forth, and their comparative merits and demerits.

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