We will never see an end of ructions, we will never have a sane and steady administration until we gain an absolutely clear conception of money. I mean an absolutely not an approximately clear conception.
I can, if you like, go back to paper money issued in China in or about A.D. 840, but we are concerned with the vagaries of the Western World. Read more …
































































ABC of Economics (1933), Part 3
Part 3 of 5
Chapter I
Costing
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