Lanterna Rally

Author: Emile De Laveleye

Publisher: Forgotten Books

Published: 2018-02-19

Total Pages: 90

ISBN-13: 9780656903931

Excerpt from International Bimetallism and the Battle of the Standard It is Of course understood that among economic writers this contrast of methods exists only in widely varying degrees, and often is reduced to a mere divergence Of tendency. Still, if it were necessary to cite representatives Of the two schools, I should name Ricardo and de Tracy for the deductive, Roscher and Adolf Wagner for the historical school. Other writers, as Adam Smith for example, make use of both methods, sometimes one, sometimes the other. SO far as money is concerned, the theories of these two schools are clearly contrasted. The historical school says: Nature has granted to two metals the qualities necessary for money. No manual of poli tical economy, in enumerating the peculiar properties which have induced men to adopt gold and silver as money, makes any distinction between these two pre cions metals. History teaches us that, in spite of very imperfect monetary legislation, they have always been simultaneously used by civilized nations. If we seek abruptly to alter a situation which is the result of the gradual evolution of ages, we inflict profound and disastrous perturbation upon society. Let us then consecrate by legislation this natural and his torical fact, in establishing a bimetallic money. About the Publisher Forgotten Books publishes hundreds of thousands of rare and classic books. Find more at www.forgottenbooks.com This book is a reproduction of an important historical work. Forgotten Books uses state-of-the-art technology to digitally reconstruct the work, preserving the original format whilst repairing imperfections present in the aged copy. In rare cases, an imperfection in the original, such as a blemish or missing page, may be replicated in our edition. We do, however, repair the vast majority of imperfections successfully; any imperfections that remain are intentionally left to preserve the state of such historical works.