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English
CONTENTS
OF
THE SECOND VOLUME.
BOOK III.
EXCHANGE—(Continued.)
CHAPTER VII. Of Money.
| Page. | ||
|---|---|---|
| § 1. | Purposes of a circulating medium A medium of exchange, such as money, used to facilitate trade. | 1 |
| 2. | Why gold and silver are well-suited for those purposes | 3 |
| 3. | Money is a mere tool for making exchanges easier; it does not change the fundamental laws of value | 6 |
CHAPTER VIII. Of the Value of Money, as it depends on Demand and Supply.
| § 1. | "The value of money" is an ambiguous expression | 9 |
| 2. | The value of money depends, all other things being equal original: "cæteris paribus", on its quantity | 10 |
| 3. | The value also depends on the speed at which money circulates | 15 |
| 4. | Explanations and limitations of this principle | 17 |
CHAPTER IX. Of the Value of Money, as it depends on the Cost of Production.
| § 1. | In a state of economic freedom, the value of money matches the value of the bullion term: Uncoined gold or silver, often in bars or ingots. it contains | 22 |
| 2. | This value is determined by the cost of production | 25 |
| 3. | How this law relates to the principle established in the previous chapter | 28 |
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