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1 comment:
Thus, "there is no rise in price": as at
Philip VI, gold ECU was worth an estimated coin twenty tours
salts, and now-fifty, it is quite necessary to
one elbow velvet, before which cost four pounds, would be worth
today ten. "Appreciation of all things stems not from
what's more pay for them, but that I get less
pure gold and silver, than used to before." However,
based on this identification of the role of money with the mass of the circulating
metal, it is clear that they are subject to the same changes that
and all other goods. And if Maltrua implicitly acknowledged that
the quantity and the commodity value of the metals remained stable,
the Bodin<$FB o d i n. La Reponse aux paradoxes de M. de
Malestroit, 1568.> a little later, notes an increase in
mass metal imported from the New world,
therefore, the real rise in the price of commodities, as sovereigns,
having bars or getting them in more and more,
minted more coins and a higher sample for the same
product give, therefore, the amount of metal having a higher
value. The rise in prices is thus his "main, and almost
the only reason that no one to this day has not dealt with":
this -- "the abundance of gold and silver," "the abundance what
defines the rating and price of things."
The standard of equivalence itself is included in the system of exchanges,
moreover, the purchasing power of money means a commodity
the cost of the metal. Sign, distinguishing the money that defines them
make them credible and acceptable to all, is
way, reversible, and it is fashionable to be understood in two senses: he
refers to the amount of metal that is a constant measure (the so
it decrypts Maltrua); but it refers also to those
variety in quantity and price of goods, which are
metals (interpretation Boden). Here there is a relationship,
similar to that which characterizes the General regulations signs in
The XVI century; as we remember, marks was constituted thanks
similarities, which, in turn, in order to be
recognized, needed the signs.
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