2 Vols. $3.50

1377

University of Californe
Berkeley
Californie

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,

1896.

CHAPTER VII. Of Money.

1. Purposes of a Circulating Medium,

2. Gold and Silver, why fitted for those purposes,

3. Money a mere contrivance for facilitating exchanges, which

does not affect the laws of Value,

PAGE

17

19

22

CHAPTER VIII. Of the Value of Money, as dependent on

Demand and Supply.

§ 1. Value of Money, an ambiguous expression, .

25

2. The Value of Money depends, cæteris paribus, on its quantity, 26

33

4. Explanations and limitations of this principle,

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, .

2.

which is determined by the cost of production,

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

ceding chapter,

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40

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