CONTENTS
VOLUME I
THE PURE THEORY OF MONEYBOOK I
THE NATURE OF MONEY
CHAPTER 1
PAGE
The Classification of Money ...... 3
(i.) Money and Money-of-Account ..... 3
(ii.) Money-Proper and Bank-Money . ... 5
(iii.) Representative Money ...... 6
(iv.) The Forms of Money ...... 7
(v.) Current Money ....... 9
(vi.) Illustrations from History . . . . .11
(vii.) The Evolution of Managed Money . . . .15
CHAPTER 2
(i.) The “ Creation ” of Bank-Money . . . .23
(ii.) Current Money is predominantly Bank-Money . .31
CHAPTER 3
The Analysis of Bank-Money . - . . . . .34
(i.) Income-deposits, Business-deposits and Savings-deposits . 34
(ii.) Demand-deposits and Time-deposits . . . .36
(iii.) Deposits and Overdrafts . . . . .41
(iv.) The Volume of Deposits in relation to the Volume of
Transactions ...... .43
IX