Page images
PDF
EPUB

OF

POLITICAL ECONOMY

WITH

SOME OF THEIR APPLICATIONS TO SOCIAL PHILOSOPHY,

BY

JOHN STUART MILL.

IN TWO VOLUMES.

VOL. II.

FROM THE FIFTH LONDON EDITION.

NEW YORK: .
D. APPLETON AND COMPANY,
1, 3, AND 5 BOND STREET.

1882.

HARVARD WVVERSITY 12 ARY

CHAPTER X. Of a Double Standard, and Subsidiary Coins.

PAGE

46

[ocr errors]
[ocr errors]

CHAPTER XII. Influence of Credit on Prices.

§ 1. The influence of bank notes, bills, and cheques, on price, a

part of the influence of Credit, . . . . . .
2. Credit a purchasing power similar to money, . . .
3. Effects of great extensions and contractions of credit. Phe-

nomena of a commercial crisis analyzed, . . . .
4. Bills a more powerful instrument for acting on prices than
book credits, and bank notes than bills, . .

.

5. — the distinction of little practical importance, .

6. Cheques an instrument for acting on prices, equally power-

ful with bank notes, . . . . . . . .

7. Are bank notes money? . . . . . . .

8. No generic distinction between bank notes and other forms

of credit, . .

. . . . . . . . .

[ocr errors]
[ocr errors]
[ocr errors]
[ocr errors]
[ocr errors][ocr errors][ocr errors]
« PreviousContinue »