ABSTRACT
Bibliography.—The literature on the subject of money is abundant. According to an estimate of C. Menger (in his article “Geld” in Conrad’s Handwörterbuch) an approximately complete bibliography would fill an octavo volume of over 300 pages. Yet its importance is not proportionate to its scope; of course, the innumerable special treatises on the money of different countries and different ages have their value, but the standard works which have advanced our knowledge of the nature and laws of money are comparatively few. As regards the general theory of money, the views of the classical school are represented by the works of Adam Smith, and especially of Ricardo and J. S. Mill (Principles, book iii, ch. vii–xiii and xix–xxiv). Mill’s presentation is, however, marred by his attempt to combine two fundamentally opposite outlooks.
