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Date: | Fri Mar 31 17:19:12 2006 |
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================== HES POSTING ======================
Cantillon used 'valeur numeraire', translated 'nominal value', in
discussing debasement, to mean the value of a coin in terms of units of
account as opposed to its gold/silver content (penultimate para of
part 1 of the Essay), and also in discussing the adjustment of the
English coinage by Isaac Newton when the gold silver value ratio
changed (part 3, ch 4). If it is really the word rather than the
concept that is at stake, one would have to look at translation dates.
[Editor's note by RBE: I agree with Tony on the last point.]
----------------------
Tony Brewer ([log in to unmask])
University of Bristol, Department of Economics
8 Woodland Road, Bristol BS8 1TN, England
Phone (+44/0)117 928 8428
Fax (+44/0)117 928 8577
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