------------------------------------------------------------------------ Transcriber’s Note: This version of the text cannot represent certain typographical effects. Italics are delimited with the ‘_’ character as _italic_. Footnotes were lettered, beginning with ‘a’, on each page. They have been numerically resequenced for uniqueness and moved to follow the paragraphs in which they are referenced. There was an Errata included in the text. The corrections listed there were made. Minor errors, attributable to the printer, have been corrected. Please see the transcriber’s note at the end of this text for details regarding the handling of any textual issues encountered during its preparation. AN INQUIRY INTO THE PRINCIPLES OF POLITICAL OECONOMY: BEING AN ESSAY ON THE SCIENCE OF Domestic Policy in Free Nations. IN WHICH ARE PARTICULARLY CONSIDERED POPULATION, AGRICULTURE, TRADE, INDUSTRY, MONEY, COIN, INTEREST, CIRCULATION, BANKS, EXCHANGE, PUBLIC CREDIT, AND TAXES. ------------------------------------------------------------------------ By Sir _JAMES STEUART_, Bart. ------------------------------------------------------------------------ _Ore trahit quodcumque potest atque addit acervo._ HOR. Lib. I. Sat. 1 ------------------------------------------------------------------------ _VOL._ II. ------------------------------------------------------------------------ LONDON: Printed for A. MILLAR, and T. CADELL, in the Strand. ---------- MDCCLXVII. ------------------------------------------------------------------------ CONTENTS OF THE SECOND VOLUME. ------------------------------------------------------------------------ BOOK III. OF MONEY AND COIN. PART II. The principles of Money applied to trade. CHAP. I. Consequences of imposing the price of coinage, and the Page duty of seigniorage, upon the coin of a nation, in so far as 1 they affect the price of bullion, and that of all other commodities, Intricacy of this subject, 2 Recapitulation of some principles, — The first introduction of coinage must make prices fall 3 Consequences of the exclusive privilege of coining, 4