Note 229 — Chapter XIII
Reading edition
Virtually the same expression is to be found in Barbour, David, The Standard of Value, London, 1912, p. 43. Barbour denies vigorously that more money can increase business, since it cannot increase the number of laborers, or of machines, or the amount of food, etc. The doctrine that volume of trade is fixed by (1) volume of products, and (2) degree of specialization of production, and hence is independent of volume of money, appears in Davenport, Econ. of Enterprise, 271-273.