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We have shown above that for a commodity to be the standard of value is not a sufficient condition for that commodity's rate of interest to be the significant rate of interest. It is, however, interesting to consider how far those characteristics of money as we know it, which make the money-rate of interest the significant rate, are bound up with money being the standard in which debts and wages are usually fixed.
— The General Theory of Employment, interest and Money
 (book)
by J. M. Keynes
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| Language: | English |
| Submitted by: | spondulix |
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