Money and trade considered

WITH A PROPOSAL FOR SUPPLYING THE NATION WITH MONEY.
FIRST PUBLISHED AT EDINBURGH MDCCV.
BY THE CELEBRATED
JOHN LAW, Esq;
AFTERWARD
DIRECTOR TO THE MISSISIPI COMPANY.
GLASGOW, PRINTED AND SOLD BY R. & A. FOULIS MDCCL.
There are several proposals offer’d to remedy the difficulties the nation is under from the great scarcity of money.
That a right judgment may be made, which will be most safe, advantageous and practicable; it seems necessary, 1. that the nature of money be inquired into, and why silver was used as money preferable to other goods. 2. that trade be considered, and how far money affects trade. 3. that the measures have been used for preserving and increasing money, and these now proposed, be examined.
How goods are valued. of barter. of silver; its value as a metal; its qualities fitting it for money; and of the additional value it received from being used as money.
Goods have a value from the uses they are applyed to; and their value is greater or lesser, not so much from their more or less valuable, or necessary uses, as from the greater or lesser quantity of them in proportion to the demand for them. example; water is of great use, yet of little value; because the quantity of water is much greater than the demand for it. diamonds are of little use, yet of great value, because the demand for diamonds is much greater, than the quantity of them.
Goods of the same kind differ in value, from any difference in their quality, one horse is better than another horse. barley of one country is better than barley of another country.