Inquiry into the Principles of Political Oeconomy Volume 3

Andrew S Skinner, Noboru Kobayashi, Hiroshi Mizuta

• VOLUME III: Book III: Of Money and Coin PART II The Principles of Money applied to trade (continued from Volume 2) Chap. I. Consequences of imposing the price of coinage, and the duty of seigniorage, upon the coin of a nation, a so far as they affect the price of bullion, and that of all other commodities, Chap. II. Concerning the influence which the imposing of the price of coinage, and the duty of seigniorage in the English mint, will have upon the course of exchange, and trade of Great Britain, Chap. III. Is the loss which the course of exchange marks upon the trade of Great Britain with France, real or apparent? Chap. IV. Of the different methods of imposing coinage; and of the influence they respectively have upon the value of the money unit, and upon the domestic interests of a nation, Chap. V. How an experiment may be made to dis[1]cover with certainty the real effects of the imposition of coinage, Chap. VI. Miscellaneous questions and observations concerning the doctrine of money and coin, CHAP. VII. Of the regulations observed in France, with regard to coin, bullion, and plate, Chap. V III. Of the regulations observed in Holland, with regard to coin and bullion, Book IV: Of Credit and Debts PART I Of the Interest of Money Introduction CHAP. I. What credit is, and on what founded, CHAP. II. Of the nature of obligations to be performed, in consequence of credit given; cand of what is meant by the terms regorging and stagnating of money CHAP. III. Of the interest of money, CHAP. IV. Of the principles which regulate the rate of interest, CHAP. V. Of the regulation of interest by statute, Chap. VI. What would be the consequences of reducing, by a British statute, the legal interest of money below the present level of the stocks? CHAP. VII. Methods of bringing down the rate of interest, in consequence of the principles of demand and competition, CHAP. VIII. Is the rate of interest the ‘certain measure’ of the state of commerce? Chap. IX. Does not interest fall in proportion as wealth increases? PART II Of Banks Chap. I. Of the various kinds of credit, Chap. II. Of private credit, Chap. III. Of banks, CHAP. IV. Of banks of circulation upon mortgage nor private credit, CHAP. V. Such banks ought to issue their notes on private, not mercantile credit, CHAP. VI. Use of subaltern bankers and exchangers, CHAP. VII. Concerning the obligation to pay in coin, and the consequences thereof, CHAP. VIII. How a wrong balance of trade affects banks of circulation, CHAP. IX. How a grand balance may be paid by banks, without the assistance of coin, Chap. X. Insufficiency of temporary credits for the payment of a wrong balance, CHAP. XI. Of the hurt resulting to banks, when they leave the payment of a wrong balance to exchangers, Chap. XII. eln what manner' the payment of a wrong balance affects circulation, CHAP. X III. Continuation of the same subject; and of the principles upon which banks ought to borrow abroad, and give credit at home, CHAP. XIV. Of optional clauses contained in bank notes, Chap. XV. Of subaltern banks of circulation, and of their competition with one another, CHAP. XVI. Of some regulations proper to be made with regard to national banks, Chap. XVII. When, and in what case, banks should be obliged to keep open books, Chap. XVIII. Is it the interest of banks to grant credits and cash accompts to exchangers and others, who make a trade of sending coin out of the country? Chap. XIX . Application of the principles above deduced, towards forming the policy of circulation, Chap. XX. Objections to this doctrine, CHAP. XXI. How, by a return of a favourable balance the bank may be enabled to pay off the debts due to foreigners, and thus deliver the nation from that burthen, Chap. XXII. Of the bank of England and of banks of circulation established on mercantile credit, Chap. XXIII. Of the first establishment of Mr. Law’s bank of circulation, in the year 1716, CHAP. XXIV. Account of the variations of the French coin, some time before and after the death of Louis XIV. CHAP. XXV. Continuation of the account of Law’s bank, Chap. XXVI. Account of the royal Mississippi bank of France, established on public credit, Chap. XXVII. A short account of the French company of the Indies, CHAP. XXV III. Chronological anecdotes, Of 1767 CHAP. XXIX . Continuation of the account of the royal bank of France, until the time the company of the Indies promised a dividend of 200 livresper action, CHAP. XXX. Inquiry into the motives of the Duke of Orleans in concerting the plan of the Mississippi, CHAP. I. Continuation of the account of the royal bank of France, until the total bankruptcy the 21st of May 1720, Chap. XXXII. Conclusion of the Mississippi scheme, CHAP. XXXIII. Why credit fell, and how it might have been supported, CHAP. XXXIV. How the diminishing the denomination of the paper in circulation, by the arret of the 21st of May 1720, destroyed the credit of France, when the same arbitrary measures taken with regard to the coin had produced no such effect, CHAP. XXXV. How a bank may be safely established in France, as matters stand at present, CHAP. XXXVI. Of banks of deposit and transfer, Chap. XXXVII. Of the bank of Amsterdam, Chap. XXXVIII. Of the agio of the bank of Amsterdam, CHAP. XXXIX . Continuation of the same subject; and concerning the circulation of coin through the bank of Amsterdam, PART III Of Exchange Chap. I. Of the first principles of Exchange, Chap. II. How to determine exactly the true and intrinsic value of the metals, coin, or money, in which a balance to foreign nations is to be paid, CHAP. III. How to remove the inconveniencies which occur in paying balances with the metals or coin of a nation, CHAP. IV. How the price of exchange, in a prosperous trading nation, CHAP. V. How, when other expedients prove ineffectual for discharging of balances