LONDON:

SAVILL AND EDWARDS, PRINTERS,

4, CHANDOS STREET.

CONTENTS

OF

THE SECOND VOLUME.

BOOK III.

EXCHANGE. (Continued.)

CHAPTER VII. Of Money.

§ 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

Page

3

5

8

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

§ 1. Value of Money, an ambiguous expression

11

2. The value of money depends, cæteris paribus, on its quantity 12

3.

- together with the rapidity of circulation

4. Explanations and limitations of this principle

17

19

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

of Production.

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

23

2.

which is determined by the cost of production

26

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

ceding chapter

28