[124] Cf. Clow, F. R., "The Quantity Theory and its Critics," Jour. of Pol. Econ., 1902, p. 602.
[125] Cf. Emery, Speculation, pp. 90-91.
[126] Cf. Böhm-Bawerk's criticisms of the "use" theory of interest. (Capital and Interest, passim.) Both use theories and productivity theories are probably suggested, in part, by peculiarities which money possesses in pre-eminent degree. See infra, the chapter on the "Functions of Money."
[127] A more precise analysis of all these points will be given in the chapter on "The Functions of Money."
[128] Cf. Professor Taussig's account of expansions and contractions of the silver currency in his Silver Situation, passim.
[129] For bibliography, see Am. Econ. Rev., Dec., 1914, pp. 838-839.
[130] New York, 1911. All references to this book in the present volume are to the 1913 edition, which contains some new matter.
[131] Standard of Value, London, 1912, p. 48, n.
[132] Papers and Proceedings, Supplement to March, 1913, number of American Econ. Review, p. 131.
[133] American Econ. Rev., Supplement to March, 1916, number, p. 138.