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| § 1. | The rate of interest depends on the demand and supply of loans | 182 |
| § 2. | Circumstances which determine the permanent demand and supply of loans | 184 |
| 3. | Circumstances which determine the fluctuation | 187 |
| 4. | The rate of interest is not really connected with the value of money, but is often confounded with it | 190 |
| 5. | The rate of interest determines the price of land and of securities | 193 |
| § 1. | Two contrary theories respecting the influence of bank issues | 194 |
| 2. | Examination of each | 197 |
| 3. | Reasons for thinking that the Currency Act of 1844 produces a part of the beneficial effect intended by it | 201 |
| 4. | But it also produces mischiefs more than equivalent | 206 |
| 5. | Should the issue of bank notes be confined to a single establishment? | 220 |
| 6. | Should the holders of notes be protected in any peculiar manner against failure of payment? | 222 |
| § 1. | Causes which enable one country to undersell another | 224 |
| 2. | Low wages as one of those causes | 228 |
| 3. | When peculiar to certain branches of industry | 229 |
| 4. | But not when common to all | 232 |
| 5. | Examination of some anomalous cases of trading communities | 234 |
| § 1. | Exchange and money make no difference in the law of wages | 237 |
| 2. | No difference in the law of rent | 240 |
| 3. | Nor in the law of profits | 241 |