The Works of John Locke, Volume 5 |
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Page 31
And in such things , the scarcity of them alone makes their prices . As for example
: let us suppose half an ounce of silver , or half a crown now in England , is worth
a bushel of wheat : but should there be next year a great scarcity of wheat in ...
And in such things , the scarcity of them alone makes their prices . As for example
: let us suppose half an ounce of silver , or half a crown now in England , is worth
a bushel of wheat : but should there be next year a great scarcity of wheat in ...
Page 35
For calling that half an ounce of silver half a crown , they speak properly , and are
readily understood , when they say , half a crown , or two shillings and sixpence ,
will now buy one - tenth of a bushel of wheat , but do not say , that 15lb . of lead ...
For calling that half an ounce of silver half a crown , they speak properly , and are
readily understood , when they say , half a crown , or two shillings and sixpence ,
will now buy one - tenth of a bushel of wheat , but do not say , that 15lb . of lead ...
Page 82
And thus silver , which makes the intrinsic value of money , compared with itself ,
under any stamp or denomination of the same or different countries , cannot be
raised . For an ounce of silver , whether in pence , groats , or crown - pieces ...
And thus silver , which makes the intrinsic value of money , compared with itself ,
under any stamp or denomination of the same or different countries , cannot be
raised . For an ounce of silver , whether in pence , groats , or crown - pieces ...
Page 83
All then that can be done in this great mystery of raising money , is only to alter
the denomination , and call that a crown now , which before , by the law , was but
a part of a crown . For example : supposing , according to the standard of our law
...
All then that can be done in this great mystery of raising money , is only to alter
the denomination , and call that a crown now , which before , by the law , was but
a part of a crown . For example : supposing , according to the standard of our law
...
Page 84
... beyond its intrinsic value , is done by coining any one species , ( which in
account bears such a proportion to the other species of your coin ) with less silver
in it than is required by that value it bears in your money : For example : a crown
with ...
... beyond its intrinsic value , is done by coining any one species , ( which in
account bears such a proportion to the other species of your coin ) with less silver
in it than is required by that value it bears in your money : For example : a crown
with ...
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Common terms and phrases
Adam Adam's allowed amongst answer authority beginning belonged body bound bring brought bullion called carried cent clipped coin comes command common commonwealth consent consider crown descending distinct dominion earth England equal exchange executive father fatherhood follow force foreign gave give given gold grant greater hands hath heir hundred inheritance interest judge keep king labour land law of nature legislative less liberty living lord mankind master means measure ment monarch nature necessary never obedience original ounce parents pass paternal person pieces plain political possession present preservation princes prove quantity raising reason receive rest rule shillings silver society sons standard succession suppose taken tells thing thought trade true weight whole worth
Bibliographic information
| Title | The Works of John Locke, Volume 5 The Works of John Locke, John Locke |
| Author | John Locke |
| Publisher | Thomas Tegg, 1823 |
| Original from | the New York Public Library |
| Digitized | 7 Apr 2006 |
| Export Citation | BiBTeX EndNote RefMan |