OF POLITICAL ECONOMY WITH SOME OF THEIR APPLICATIONS TO SOCIAL PHILOSOPHY. BY JOHN STUART MILL. IN TWO VOLUMES. VOL. II. THIRD EDITION. LONDON: JOHN W. PARKER AND SON, WEST STRAND. M.DCCC.LII. CONTENTS § 1. PURPOSES of a Circulating Medium.. 2. Gold and silver, why fitted for those purposes 3. Money a mere contrivance for facilitating exchanges, which § 1. The value of money, in a state of freedom, conforms to the value of the bullion contained in it 2. — which is determined by the cost of production 3. This law, how related to the principle laid down in the pre- |