INDEX 
Fe 
Absolute differences in costs, 3, 7, and 
Ch. 2, passim. 
Advantage, superior, 23. 
Angell, J. W., 345 n. 
Angell, N., 264 n. 
Anglo-French Treaty of 1860 (Cobden- 
Chevalier Treaty), 154. 
Arbitrage, 218. 
Argentina, international trade in, 401; 
foreign borrowings of, 401; and Ch. 
30, passim. 
Australia, how shipping charges enter 
into international trade statistics. 137. 
Bounty on exports, under dislocated 
exchanges, 385; under silver exchange, 
386; and Ch. 29, passim. 
3owley, A. L., 240, 249. 
Brick, effectiveness of production in 
various countries, 164. 
British India. See India. 
Bullock, C. J., 280 n. 
Business cycles, relation to credit expan- 
sion, 202. 
Business profits, in relation to inter- 
national trade, 81. 
Butter, effectiveness of production in 
various countries. 171. 
Balance of payments, 99, 111; for 
Canada, Ch. 19, passim; for Great 
Britain, Chs. 20, 21, passim ; for United 
States, 323, and Chs. 23, 24, 25, passim. 
Balance of trade, 111. 
Ballod, K., 164, 166, 168 n. 
Bamberger, 264 n. 
Banks of Canada, note-issues, 200, and 
Chs. 17 and 19, passim. 
Bank of England, note-issues, 200, and 
Ch. 17, passim. 
Bank deposits, ratio of specie to, 201: 
as related to business cycle, 202, 330. 
Bank notes, flexibility of issues, 200. 
Bank reserves. See Reserves. 
Baring crisis, 401. 
Barker, W. S., 188 n., 229 n. 
Barter terms of trade, defined, 8; effect 
of changes in demand on, 101, 305; 
net terms and gross terms distin- 
guished, 113; how affected by tributes 
and indemnities, 114; significance of 
phrase ‘‘less favorable,” 117; by tour- 
ist expenditures, 119; by gifts or 
charitable contributions, 121 ; by loans, 
254; by import duties, Ch. 13, pas- 
sim; of Great Britain, Ch. 21; 
method of computing, 250 ; of Canada, 
258; of United States, 299; under 
dislocated exchanges, 355. | 
Beet sugar industry, as illustration of | 
principle of comparative advantage, 
183. 
Belgium, effectiveness of labor in, 171. 
Bohm-Bawerk. 6%. 
Res SR af 
Cairnes, 44, 54, 67 n., 287 n. 
Canada, sensitiveness of monetary sys- 
tem to gold flows, 205, 224; foreign 
borrowings of, 222; gold movements 
into, 224; effect of gold flow on prices 
‘n, 227, and Ch. 19, passim; price 
changes in, 228; trade of, with Great 
Britain and United States, 230; 
resemblance of Canadian experience 
to an experiment, 233 ; barter terms of 
trade, 258 ; money wages, 258. 
‘apital, represents application of labor, 
68; how use of capital affects inter- 
national trade, 71. 
‘apital and interest, 61, and Ch. 7, 
passim; note on Ricardo’s and the 
author's method of analysing, 74. 
Capital exports. See Loans. 
Cassel, G., 340. 
Charitable remittances, in relation to 
barter terms of trade, 121. 
Coal, effectiveness of production in 
various countries, 163. 
“oal-tar industry, in Germany and else- 
where, 57. 
Coats, R. H., 223 n., 415. 
Cobden-Chevalier Treaty, 154. 
“omparative advantage, in relation to 
capital, 71; how influenced by use of 
machinery, 71; in agriculture and in- 
dustry in United States, see Contents, 
Ch. 16; causes of, 180; as illustrated 
by the beet sugar industry, 183: by 
:he flax industry, 186. 
1)