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A history of economic doctrines

Note 187 — Chapter II · : ADAM SMITH

R. (Robert) Richards translation

“That wealth consists in money, or in gold and silver, is a popular notion which naturally arises from the double function of money, as the instrument of commerce, and as the measure of value.” (Wealth of Nations, Book IV, chap. 1; Cannan, vol. i, p. 396.) The whole chapter is an attempt to get rid of this prejudice.

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