Principles of Political Economy: With Some of Their Applications to Social Philosophy, Vol. 2
Book Description
Chapter X. Of aD ouble Standard andS vhsidiary Coins, PAOS 1. Objections to a double standard, 40 2. The use of the two metals as money, how obtained without making both of them legal tender, 48 Chapteb XI. Of Credity as aS vhstitute forM oney. 1. Credit not a creationjbut a transfer of the means of production, 50 2. In what manner it assists production, 51 rS. Function of credit in economizing th...
MoreChapter X. Of aD ouble Standard andS vhsidiary Coins, PAOS 1. Objections to a double standard, 40 2. The use of the two metals as money, how obtained without making both of them legal tender, 48 Chapteb XI. Of Credity as aS vhstitute forM oney. 1. Credit not a creationjbut a transfer of the means of production, 50 2. In what manner it assists production, 51 rS. Function of credit in economizing the use of money, .. 53 4. Bills of exchange, 55 5. Promissory notes, 60 6. Deposits aud cheques, 61 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, 64 2. Credit a purchasing power similar to money, ... 65 8. Effects of great extensions and contractions of credit. Phe-- nomena of a conunercial crisis analyzed, .... 67 4. Bills a more powerful instrument for acting on prices than book credits, and bank notes than bills, yy .. .72 5. the distinction of little practical importance, .. ,. 75 6. Cheques an Instrument for acting on prices, equally powerful with bank notes, 80 7. A re bank notes money? 83 8. No generic distinction between bank notes and other forms of credit, 85 Chapter XIII. Of an I nconn)eriible Paper Currency. %1. The value of an inconvertible paper, depending on its quantity, is a matter of arbitrary regulation, .... 88 2. IL regulated by the price of bullion, an inconvertible currency might be safe, but not expedient, .. ..91 8. Examination of the doctrine that an inconvertible currency is safe if representing actual property, ..
(Typographical errors above are due to OCR software and don't occur in the book.)
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