All merchandize has the two essential properties of money, to measure and to represent all value: and in this sense all merchandize is money.


§ 39 - Reflections on the Formation and Distribution of Wealth (1766)


All merchandize has the two essential properties of money, to measure and to represent all value: and in this sense all merchandize is money.

All merchandize has the two essential properties of money, to measure and to represent all value: and in this sense all merchandize is money.

All merchandize has the two essential properties of money, to measure and to represent all value: and in this sense all merchandize is money.

All merchandize has the two essential properties of money, to measure and to represent all value: and in this sense all merchandize is money.