X CONTENTS.
The Fallacy of his whole Reasoning - • 14
The Inquiry of Dr. Adam Smith into the Nature and Causes of the
Wealth of Nations, published in 1775 - - - ib.
His uniform Observation of the Distiuction between Money and
Wealth - - - . - 15
His Conviction of a latent Principle, that regulated in all Countries
the Amount of their Currency _ • - /^^
This Principle, the Action of Money in Conformity to the Purport
of its Institution, as an uniform Measure of Value - 16
His Failure to attain to this Principle - . - jg
The inefficient Positions, which he adduced instead of it - 19
Their Inadequacy to refute the Theory of the Balance of Ti'adc 22
The same Inability with Mr. Hume to account for the Excess of
Exports ----- 23
The Failure of his Efforts to accomplish the Refutation - 24
The Misconception of the Principle af the Litnitation of Money
equally fatal to the whole of his Inquiry on the Subject of Cir¬
culation ----- 2r
His Disacquaintance with the Theory of Exchange - - ib,
,--------------------------with the Cause of the Efflux and Influx of
Money - - - - - 26
— with the Principle that governs the Price of
Bullion - . - - lb,
and with the Principle that regulates the Circu¬
lation of Paper - . - - ^j
His consequent Inadvertence to the Depreciation of Money - 28
His general Merit . - - - 29
CHAPTER n.
On the Functions of Money.
The present commercial Policy of Europe, directed to the Accumu¬
lation of Money - - - - *»(>
The fundamental Principles advanced to shew the Ertor of this
Policy - - ----/>
1st. Principle, that an Increase of the nationaJ Stock <rf S|>^oie i« an
Increase of Currency, and not of Capital - /;,
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