X

A TREATISE ON MONEY

BOOK II

THE VALUE OF MONEYCHAPTER 4

PAGE

The Purchasing Power of Money . . . . .63

( i.) The Meaning of Purchasing Power . . . .53

(ii.) The Consumption Standard . . . . .67

(iii.) The Earnings Standard . . . . . .63

(iv.) Working-class Index Numbers . . . . .64

CHAPTER 5

The Plurality of Secondary Prtoe-Levels . . .66

(i.) The Wholesale Standard . . . . .66

(ii.) International Standards . . . . .69

CHAPTER 6

Currency Standards ....... 76

(i.) The Cash-Transactions Standard and the Cash-Balances

Standard ....... 76

(ii.) Is there such a thing as an “ Objective Mean Variation of

General Prices ” ? . . . . . .79

CHAPTER 7

The Diffusion of Price-Levels . . . . .89

CHAPTER 8

The Theory of Comparisons of Purchasing Power . . 95

(i.) The Meaning of Comparisons of Purchasing Power . . 95

(ii.) Methods of Approximation . .... 99

a. The Direct Method ..... 100

b. The Indirect Method ..... 102

1. The “ Highest Common Factor ” Method . 105

2. The Method of Limits .... 109

3. The “ Crossing of Formulae ” . . . Ill

4. The Chain Method . . . . .116