HARVARD COLLEGE
LIBRARY

FROM THE

QUARTERLY JOURNAL
OF ECONOMICS


THE MACMILLAN COMPANY
NEW YORK · BOSTON · CHICAGO · DALLAS
ATLANTA · SAN FRANCISCO
MACMILLAN & CO., Limited
LONDON · BOMBAY · CALCUTTA
MELBOURNE
THE MACMILLAN CO. OF CANADA, Ltd.
TORONTO

THE
VALUE OF MONEY

BY
B. M. ANDERSON, JR., Ph. D.
ASSISTANT PROFESSOR OF ECONOMICS, HARVARD UNIVERSITY
AUTHOR OF "SOCIAL VALUE"

New York
THE MACMILLAN COMPANY
1917
All rights reserved