CONTENTS
xvii
SECTION
PAGE
| XXXI. | Birth of Commerce. Principle of the valuation of commercial thirds |
28 |
| XXXII. | How the current value establishes itself in the exchange of commodities |
29 |
| XXXIII. | Commerce gives to each article of commerce a current value, with respect to every other article; whence it follows that every article of commerce is the equivalent of a certain quantity of every other article, & can be regarded as a pledge which represents it. |
30 |
| XXXIV. | Each article of commerce can serve as the scale or common measure wherewith to compare the value of all others |
31 |
| XXXV. | Every commodity does not present an equally convenient scale of values. The preference therefore has necessarily been given in practice to those which, not being susceptible of a great difference in quality, have a value principally relative to the number or the quantity |
32 |
| XXXVI. | The want of an exact correspondence between the value and the number or quantity has been made up for by a mean valuation, which becomes a sort of ideal money |
33 |
| XXXVII. | Examples of these mean valuations which become an ideal expression of values |
34 |
| XXXVIII. | Every commodity is a pledge representing all the articles of Commerce; but it is more or less convenient in practice, according as it is more or less easy to transport & to keep without alteration |
35 |
| XXXIX. | Every commodity has the two essential properties of money, those of measuring and representing all value; &, in this sense, every commodity is money |
36 |
| XL. | Reciprocally, all money is essentially merchandise |
36 |
| XLI. | Different articles have been able to serve & have served as ordinary money |
37 |
| XLII. | The Metals, and especially gold and silver, are more fit for this purpose than any other substance; & why |
37 |
