CONTENTS.

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CHAPTER I.
PAGE
Value and the Standard of Value 1
Definition of Value 1
Supply and Demand 8
The Standard of Value 12
CHAPTER II.
Money 21
Definition of Money 21
The Functions and Requirements of Money 25
Money Value 29
Money Demand and Supply 36
Necessity for Invariable Money Value 40
CHAPTER III.
Existing Monetary Systems 51
The Gold Standard 54
Gresham's Law 57
The Silver Standard 65
Bi-metallism 67
Paper Money 71
CHAPTER IV.
Stability of Gold and Silver Values 81
Gold-Standard Prices 81
Silver-Standard Prices 94
CHAPTER V.
Criticism of Some Gold-Standard Arguments 98
CHAPTER VI.
Foreign Commerce 112
CHAPTER VII.
Money in the United States 125
CHAPTER VIII.
Some Proposed Changes in Our Money System 137
CHAPTER IX.
A New Monetary System 151
The Standard of Value 158
The Medium of Exchange 164
CHAPTER X.
Merits and Objections Considered 181
Merits of Plan 181
Objections Answered 187
CHAPTER XI.
Conclusion 196
INDEX 205

                                                                                                                                                                                                                                                                                                           

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