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LONDON:
JOHN W. PARKER AND SON, WEST STRAND.

M.DCCC.LII.

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CONTENTS.

OF

THE SECOND VOLUME.

BOOK III.

EXCHANGE.—(Continued.)

CHAPTER VII. Of Money.

Page

§ 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 ...

.....

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CHAPTER VIII. Of the Value of Money as dependent on

Demand and Supply. § 1. Value of Money, an ambiguous expression .........

2. The value of money depends, cæteris paribus, on its quantity 12 3. — together with the rapidity of circulation

..... 17 4. Explanations and limitations of this principle ..................... 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 ........ 2. — which is determined by the cost of production ........... 3. This law, how related to the principle laid down in the pre

ceding chapter.........

..........

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