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| § 1. | Introductory remarks | 247 |
| 2. | Tendency of the progress of society toward increased command over the powers of nature, increased security, and increased capacity for cooperation | 248 |
| § 1. | Tendency toward a decline in the value and cost of production of all commodities | 253 |
| 2. | Except for the products of agriculture and mining, which have a tendency to rise | 256 |
| 3. | That tendency is from time to time counteracted by improvements in production | 258 |
| 4. | Effect of the progress of society in moderating fluctuations of value | 259 |
| 5. | Examination of the influence of speculators, and in particular of corn dealers | 261 |
| § 1. | First case: population increasing, capital stationary | 266 |
| 2. | Second case: capital increasing, population stationary | 270 |
| 3. | Third case: population and capital increasing equally, the arts of production stationary | 271 |
| 4. | Fourth case: the arts of production progressive, capital and population stationary | 273 |
| 5. | Fifth case: all three elements progressive | 280 |