“ getting money is not the object in drawing the bill; getting money is the object in discounting the bill. ”
Karl Marx, Das Kapital (1894). copy citation
| Author | Karl Marx |
|---|---|
| Source | Das Kapital |
| Topic | money bill |
| Date | 1894 |
| Language | English |
| Reference | |
| Note | |
| Weblink | https://www.marxists.org/archive/marx/works/download/pdf/Capital-Volume-... |
Context
“He denies that these bills represent the value of commodities in the same way that a bank-note represents gold. (3740, 3741.) This is somewhat insolent.
"3742. Is it not the merchant's object to get money? — No; getting money is not the object in drawing the bill; getting money is the object in discounting the bill."
Drawing bills of exchange is converting commodities into a form of credit-money, just as discounting bills of exchange is converting this credit-money into another, namely bank-notes. At any rate, Mr.”
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