A Discourse of Coin and Coinage

A Discourse of Coin and Coinage

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37,832 words (≈ about 3 hours)

A Discourse of Coin and Coinage: The first Invention, Use,

Matter, Forms, Proportions and Differences, ancient & modern:

with the Advantages and Disadvantages of the Rise and Fall

thereof, in our own or Neighbouring Nations: and the Reasons.

Together with a short Account of our Common Law therein.

by Rice Vaughan, late of Grayes-Inn, Esq;

London, Printed by Th. Dawks, for Th. Basset, at the George, near

Cliffords-Inn, in Fleet-street. 1675.

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PsalmMinistry (1 book)
Wed, 16 May 2012 03:37:44 +0200

I can tell by the language and theory that this book is obviously out of date. First of all, it states that goods have value in themselves. Carl Menger disproved this theory in discovering that the value of economic goods (including money) is subjective based upon the users preference for obtaining it. Gold has no value apart from the fact that the human actor values that particular metal to serve his own ends. All exchange is based upon the fact that one person values the thing obtained more… (more)

Book Details  

Language: English

Written in: 1675

Published: 2011-01-23

Word count: 37,832 words (≈ about 3 hours)

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