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The Natural Law of Money: The Successive Steps in the Growth of Money traced from the Days of Barter to the Introduction of the Modern Clearing House and Monetary Principles Examined in their Relation to Past and Present Legislation
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Proofed and corrected from the scanned original edition.
*****
An excerpt from the beginning of:
CHAPTER I.
THE BEGINNING OF MONEY.
IT may be well to explain at the outset what is meant to be conveyed by the phrase "the natural law of money." While it is true that money is a product of man's labor, and that it derives all its usefulness from the actions of men, it was not planned and brought into existence with an intelligent prevision of its nature and workings. It would be more correct to say...
*****
An excerpt from the beginning of:
CHAPTER I.
THE BEGINNING OF MONEY.
IT may be well to explain at the outset what is meant to be conveyed by the phrase "the natural law of money." While it is true that money is a product of man's labor, and that it derives all its usefulness from the actions of men, it was not planned and brought into existence with an intelligent prevision of its nature and workings. It would be more correct to say...