OF

POLITICAL ECONOMY

WITH

SOME OF THEIR APPLICATIONS TO SOCIAL PHILOSOPHY,

BY

JOHN STUART MILL.

IN TWO VOLUMES.

VOL. II.

FROM THE FIFTH LONDON EPITION.

NEW YORK:

D. APPLETON AND COMPANY,

1892.

CONTENTS

OF THE SECOND VOLUME.

BOOK III.

1. Purposes of a Circulating Medium,

2. Gold and Silver, why fitted for those purposes,

3. Money a mere contrivance for facilitating exchanges, which

does not affect the laws of Value,

EXCHANGE.-(Continued.)

CHAPTER VII. Of Money.

1. Value of Money, an ambiguous expression, .

2. The Value of Money depends, cæteris paribus, on its quantity,

3.

together with the rapidity of circulation,

4. Explanations and limitations of this principle,

-

CHAPTER VIII. Of the Value of Money, as dependent on

Demand and Supply.

§ 1. The Value of money, in a state of freedom, conforms to the
value of the bullion contained in it, .

CHAPTER IX. Of the Value of Money, as dependent on

Cost of Production.

2. which is determined by the cost of production,

3. This law, how related to the principle laid down in the pre-

ceding chapter,

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