DiscoverAn Essay on Economic Theory1.17. Metals and Money, and especially of Gold and Silver
1.17. Metals and Money, and especially of Gold and Silver

1.17. Metals and Money, and especially of Gold and Silver

Update: 2014-12-01
Share

Description

Gold and silver were highly valued before they were used as money. They hold many advantages over other goods such as durability, divisibility, transportability, and homogeneity. These are the reasons which led gold, silver, and copper to be chosen as money, not “fancy” or common consent. When princes debase money or issue imaginary money, they hurt the economy.

From Part 1: Production, Distribution, and Consumption. Narrated by Millian Quinteros.

Comments 
00:00
00:00
x

0.5x

0.8x

1.0x

1.25x

1.5x

2.0x

3.0x

Sleep Timer

Off

End of Episode

5 Minutes

10 Minutes

15 Minutes

30 Minutes

45 Minutes

60 Minutes

120 Minutes

1.17. Metals and Money, and especially of Gold and Silver

1.17. Metals and Money, and especially of Gold and Silver

Richard Cantillon