LONDON:

SAVIIX AND EDWARDS, PRINTERS,

4.CHANDOS STREET.

CONTENTS

OF

THE SECOND VOLUME.
BOOK III.

EXCHANGE.—(Continued.)

Chapter VII. Of Money.

Page
§ 1. Purposes of a Circulating Medium 3

2. Gold and silver, why fitted for those purposes 5

3. Money B mere contrivance for facilitating exchanges, which

does not affect the laws of Value 8

Chapter VIII. Of the Value of Money, as dependent on
Demand and Supply.

§ 1. Value of Money, an ambiguous expression 11

2. The value of money depends, caoteris paribus, on its quantity 12

3. —together with the rapidity of circulation 17

i. 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 23

2. — which is determined by the cost of production 26

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

ceding chapter 28