OF POLITICAL ECONOMY, WITH SOME OF THEIR APPLICATIONS TO SOCIAL PHILOSOPHY. BY JOHN STUART MILL. IN TWO VOLUMES. VOL. II, BOSTON: CHARLES C. LITTLE & JAMES BROWN. 1848. 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 § 1. Value of Money, an ambiguous expression 2. The value of money depends, cæteris paribus, on its quantity CHAPTER IX. Of the Value of Money, as dependent on § 1. The value of money, in a state of freedom, conforms to the value which is determined by the cost of production 3. This law, how related to the principle laid down in the preceding |