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Unformatted text preview: anxiety and desire of the sellers to do so. In these times where prices of certain products fall due to an increase of savings of the buyers of that specific product, the price of that commodity then drops and sellers then decide to keep their products, in effect investing in what they were at first trying to sell in the hope that its price will rise. Mill then argues that, taking the first case, that not every single person can be in desire of a product at once, takes money and turns it into a commodity to make the theory apply in the case of deferred spending. That there, “cannot be an excess of all other commodities, and an excess of money at the same time.” In this instance, it is often said that there is an overabundance of all commodities (which oversimplifies and leaves the case of money out)....
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This document was uploaded on 10/27/2011 for the course MAP CA102 at NYU.
- Fall '10