ABSTRACT
The most correct view of the peculiar province of Political Economy can be obtained by applying to the Social Sciences the principle of division by which the boundaries of the natural sciences are marked out. The first three ways in which prices are affected by changes in the value of money do not arise from natural causes, but from government interference. The history of France presents the three most remarkable instances recorded in history, of government interference with the value of money; the first by the famous scheme of Law, under the regency of the Duke of Orleans, in the eighteenth century. The commodities used as money in Great Britain are the precious metals, gold, silver, and copper. Whenever the exchange reaches an amount greater than the cost of the exporting bullion, gold is sent out in considerable quantities to take advantage of the exchange.
