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.

CONTENTS

OF

THE SECOND VOLUME.

-

BOOK III.

EXCHANGE.-(Continued.)

CHAPTER VII.

§ 1. PURPOSES of a Circulating Medium

2. Gold and silver, why fitted for those purposes

Of Money.

-

3. Money a mere contrivance for facilitating exchanges, which does

not affect the laws of Value

§ 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.

Page.

1

3

1. The value of money, in a state of freedom, conforms to the value

of the bullion contained in it

6

2.

which is determined by the cost of production

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

chapter

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

Cost of Production.

9

10

15

17

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