< Page:Principles of Political Economy Vol 2.djvu
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CONTENTS
OF
THE SECOND VOLUME.
BOOK III. EXCHANGE.—(Continued.) Chapter VII. Of Money. Page § 1. Purposes of a Circulating Medium3 2. Gold and Silver, why fitted for those purposes5 3. Money a mere contrivance for facilitating exchanges, which does not affect the laws of Value8 Chapter VIII. Of the Value of Money, as dependent on Demand and Supply. § 1. Value of Money, an ambiguous expression11 2. The value of money depends, cæteris paribus, on its quantity12 3. —together with the rapidity of circulation17 4. Explanations and limitations of this principle19 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 it23 2. —which is determined by the cost of production26 3. This law, how related to the principle laid down in the preceding chapter28
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