Category: Economics
All who have read "Robinson Crusoe" (and who has not?) will remember the circumstance of his opening, some time after he had become domiciled on his desolate island, one of the chests that had come to him from the ship. In it he found pins, needles and thread, a pair of large...
At last there arose a sect of philosophers (calling themselves Friends of Humanity) who felt confident of settling all difficulties, and who also aspired to the government of th...
16. CHAPTER XII.It was expected that this new and immense volume of currency, poured at once on to the wheels of trade, would immediately start the wheels. But, somehow, it didn't seem to have...
10. CHAPTER VI.Finally, time and circumstances helped the islanders to a solution of their difficulties. A man, walking in a ravine one day, picked up a small bright mass of shining metal. Alt...
9. CHAPTER V.But while any commodity possessed of acknowledged purchasing power or value may be used as money, the experience of the islanders and every other people must have soon taught th...
13. CHAPTER IX.But more serious matters than the making and issuing of money soon claimed the attention of the people of the island. It will be remembered that Friday was first brought to the...
14. CHAPTER X.At last the war ended. The cannibals were utterly repulsed; and the islanders no longer laid awake nights for fear of being roasted and eaten. A vast amount of every thing usefu...
8. CHAPTER IV.The people on the island--both laborers and employers--were, however, fully agreed that life was too short to waste a good part of it in a game of "blindman's-buff" on a large s...
17. book ii., chap, iii., in explaining the great difference in therelative growth of the Roman and Spartan republics, relates that "Lycurgus, the founder of the Spartan republic, believing that nothing could more readily destroy his laws than...
7. CHAPTER III.All exchanges must, however, in the first instance, have been made directly, or, as we term it, by barter; so much of one commodity or service being given for so much of some ot...
12. CHAPTER VIII.As time went on, changes in the method of doing business gradually occurred on the island. Instead of being an isolated and unknown community, their existence as an organized, c...
11. CHAPTER VII.Next came the consideration of the laws regulating the exchanges and the use of money. Some people wanted laws enacted that every person should be obliged to sell and part with...
5. CHAPTER I.All who have read "Robinson Crusoe" (and who has not?) will remember the circumstance of his opening, some time after he had become domiciled on his desolate island, one of the...
6. CHAPTER II.The first person that came to join Robinson Crusoe on his island was Friday, and next, Friday's father. But even with this increase of numbers there was still no use for the mon...
3. Chapter VIII.2. Chapter VII.1. Chapter V.4. Chapter IX.