[DOWNLOAD] "Argument 399: Is It Licit for the Exchange Dealer to Receive in the Petty Exchange an Increment over the Price That the Law Has Appraised [the Coins] for?(Treatise on Money) (Excerpt)" by Journal of Markets & Morality " Book PDF Kindle ePub Free
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eBook details
- Title: Argument 399: Is It Licit for the Exchange Dealer to Receive in the Petty Exchange an Increment over the Price That the Law Has Appraised [the Coins] for?(Treatise on Money) (Excerpt)
- Author : Journal of Markets & Morality
- Release Date : January 22, 2005
- Genre: Business & Personal Finance,Books,
- Pages : * pages
- Size : 280 KB
Description
It is clearly evident that petty exchange is useful to the republic, as it is often that men need coins of a lesser value in order to buy the things that they need daily, or to give alms, or for other such things in which the coinage of a higher value is of no use. On the contrary, those who wish to put away a great sum of money, or take it elsewhere, need to exchange small coins for larger ones, and likewise, those who emigrate to a place where the coins of their own land are of no value need to exchange them for others that are valuable wherever they go. For these purposes, and others of the like, the republic finds it useful to have exchange dealers who have access to diverse types of coins at the right time in order to exchange them with those who need them. Once established this, together with the doctors' common opinion, we go on to say the following: just as with the contract of sale and all other commutative contracts in which it is necessary to abide by the equality between what is given and what is received in order for [these contracts] to be fair and there be no obligation of giving back, so in the exchange in which money is given for money should there be equality, because this is the law that rules over commutative contracts, among which is the exchange.
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