If regulated by the price of Bullion, as inconvertible Currency might be safe, but not Expedient.

  • § 3. Examination of the doctrine that an inconvertible Current is safe, if representing actual Property.
  • § 4. Experiments with paper Money in the United States.
  • § 5. Examination of the gain arising from the increase and issue of paper Currency.
  • § 6. Résumé of the subject of money.
  • Chapter XI. Of Excess Of Supply.
  • § 1. The theory of a general Over-Supply of Commodities stated.
  • § 2. The supply of commodities in general can not exceed the power of Purchase.
  • § 3. There can never be a lack of Demand arising from lack of Desire to Consume.
  • § 4. Origin and Explanation of the notion of general Over-Supply.
  • Chapter XII. Of Some Peculiar Cases Of Value.
  • § 1. Values of commodities which have a joint cost of production.
  • § 2. Values of the different kinds of agricultural produce.
  • Chapter XIII. Of International Trade.
  • § 1. Cost of Production not a regulator of international values. Extension of the word “international.”
  • § 2. Interchange of commodities between distance places determined by differences not in their absolute, but in the comparative, costs of production.
  • § 3. The direct benefits of commerce consist in increased Efficiency of the productive powers of the World.
  • § 4. —Not in a Vent for exports, nor in the gains of Merchants.
  • § 5. Indirect benefits of Commerce, Economical and Moral; still greater than the Direct.
  • Chapter XIV. Of International Values.
  • § 1. The values of imported commodities depend on the Terms of international interchange.
  • § 2. The values of foreign commodities depend, not upon Cost of Production, but upon Reciprocal Demand and Supply.
  • § 3. —As illustrated by trade in cloth and linen between England and Germany.
  • § 4. The conclusion states in the Equation of International Demand.
  • § 5. The cost to a country of its imports depends not only on the ratio of exchange, but on the efficiency of its labor.
  • Chapter XV. Of Money Considered As An Imported Commodity.
  • § 1. Money imported on two modes; as a Commodity, and as a medium of Exchange.
  • § 2. As a commodity, it obeys the same laws of Value as other imported Commodities.
  • Chapter XVI. Of The Foreign Exchanges.
  • § 1.