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• Preface to the First Edition
• Preface to the Second Edition
• Suggestions to Readers
• Addendum
• Chapter I: Primary Definitions 2
• Chapter II: Purchasing Power of Money As Related to the Equation of Exchange
• Chapter III: Influence of Deposit Currency On the Equation and Therefore On Purchasing Power
• Chapter IV: Disturbance of Equation and of Purchasing Power During Transition Periods
• Chapter V: Indirect Influences On Purchasing Power
• Chapter VI: Indirect Influences ( Continued )
• Chapter VII: Influence of Monetary Systems On Purchasing Power
• Chapter VIII: Influence of Quantity of Money and Other Factors On Purchasing Power and On Each Other
• Chapter IX: The Dispersion of Prices Makes Necessary an Index of Purchasing Power
• Chapter X: The Best Index Numbers of Purchasing Power
• Chapter XI: Statistical Verification. General Historical Review
• Chapter XII: Statistics of Recent Years
• Chapter XIII: The Problem of Making Purchasing Power More Stable
• Appendix to Chapter Ii
• Appendix to Chapter Iii
• Appendix to Chapter V
• Appendix to Chapter Vi
• Appendix to Chapter Vii
• Appendix to Chapter Viii
• Appendix to Chapter X
• Appendix to Chapter Xii
• Addendum For Second Edition
• Appendix to the Second Edition, On "standardizing the Dollar"

SUGGESTIONS TO READERS

1. The general reader will be chiefly interested in Chapters I-VIII.

2. The cursory reader will find the gist of the book in Chapter II.

3. Objectors to the quantity theory will find their theoretical and statistical objections discussed in Chapters VIII and XII respectively.

4. Students of financial history should read Chapter XII.

5. Currency reformers should read Chapter XIII.

6. The appendices are addressed mainly (though not exclusively) to mathematical economists, for whom the chief interest will probably lie with the Appendix to Chapter X, on Index Numbers, (which should be read as a whole,) and § 6 of the Appendix to Chapter XII, on the Method of Determining Velocity of Circulation.

7. The remainder of the Appendix to Chapter XII is supplied chiefly in order that statistical critics may be enabled to verify the processes described in the text.

8. Chapter X and its Appendix are of chief interest to students of index numbers, a subject as fascinating to some as it is dry to others.

9. The analytical table of contents, the index, and the running page headings have been constructed with especial reference to the varying needs of different classes of readers.

The book is, however, designed to constitute a complete whole, and it is hoped that as many as possible of those who approach it from special view points may, in the end, read it all.