Chapter Of International Values.

Chapter XIV. Of International Values. § 1. The values of imported commodities depend on the Terms of international interchange. § 2. The values of foreign commodities depend, not upon Cost of Production, but upon Reciprocal Demand and Supply. § 3. —As illustrated by trade in cloth and linen between England and Germany. § 4. The conclusion states in the Equation of International Demand. § 5. The cost to a country of its imports depends not only on the ratio of exchange, but on the efficiency of its labor.

Chapter Of Money Considered As An Imported Commodity.

Chapter XV. Of Money Considered As An Imported Commodity. § 1. Money imported on two modes; as a Commodity, and as a medium of Exchange. § 2. As a commodity, it obeys the same laws of Value as other imported Commodities.

Chapter Of The Foreign Exchanges.

Chapter XVI. Of The Foreign Exchanges. § 1. Money passes from country to country as a Medium of Exchange, through the Exchanges. § 2. Distinction between Variations in the Exchanges which are self-adjusting and those which can only be rectified through Prices.