2 de nov. de 2011

The Yield From Money Held


On Freedom and Free Enterprise: Essays in Honor of Ludwig von Mises (Mary Sennholz)
- Highlight Loc. 4038-40  | Added on Tuesday, September 27, 2011, 04:23 PM

Between Locke and Adam Smith, various writers perceived the usefulness of money, e.g., Cantillon and Hume, but they failed to see that “usefulness” is a mere synonym for “productiveness” or “yield.”