CONTENTS 
PART 111 
MONETARY THEORY AND ITS APPLICATION IN PRACTICE 
CHAPTER I 
PAGE 
THE ATTEMPT TO DISCOVER A STABLE STANDARD . . 183 
§ 1. The nature of a monetary standard and the measure of 
values. 
§ 2. Attempts to find a legal solution for the problem of un- 
stable currency. 
§ 3. Conditions for an economic solution of the problem. 
CHAPTER II 
THE RETURN oF NormaL EXCHANGES : . 223 
§ I. Remarks on the nature of the exchanges and on the idea 
of stability. 
§ 2. Stabilisation and the return to the gold standard : system 
of convertibility limited to external requirements. 
Fundamental similarity between various systems of gold 
standard. 
§ 3. Requisites for monetary reconstruction, 
ConcLusion . . : 
X11 
220