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Unto this Last: Four Essays on the First Principles of Political Economy Essay IV - Ad Valorem Part 2
In which the true economy is revealed not as the buying or selling of labour but as the sparing of it, and the nature of currency is carefully unfolded as a document of transferable credit dependent on trust and honesty, its power measured by the breadth of its backing and the character of those who hold it. The discourse then ventures into the principles of governance, distinguishing customs, laws, and councils, and portrays the relationships of rich and poor as a kingdom of labour and service that must be wisely managed lest it degenerate into dominion and despair.
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