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 CHAPTER VIII. Of the Value of Money, as dependent on § 1. Value of Money, an ambiguous expression. 11 CHAPTER IX. Of the Value of Money, as dependent on § 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- 28 |