Chapter 2. On the Measurement of Value

Chapter 3. The Various Kinds of Money

Chapter 4. Money and the State

Chapter 5. Money as an Economic Good

Chapter 6. The Enemies of Money

Part One: The Nature of Money

Chapter 1. The Functions of Money

1. The General Economic Conditions for the Use of Money

Where the free exchange of goods and services is unknown, money is not wanted.

Preface to the Second German Edition

When the first edition of this book was published twelve years ago, the nations and their governments were just preparing for the tragic enterprise of the Great War. They were preparing, not merely by piling up arms and munitions in their arsenals, but much more by the proclamation and zealous propagation of the ideology of war. The most important economic element in this war ideology was inflationism.