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From the relation of quantity of money (with allowance for velocity of circulation) to the general

Trade costs. Secondly, he asserts that an exchange value of money

Depends on the relation of quantity of money to total of the goods in the market.

But, standing one foot on a mercantilism item, and other - on soil The classical theory (147), it could not have enough accurate submission

About communication between these two relations also has lost sight of possibility

Fluctuations in a liquidity preference. However he aspired to explain that

Fall of norm of percent does not render direct influence on a price level and

Mentions the prices, "only if change of percent in an economy conducts to

To inflow or leak of money or the goods, changing in due course a parity between

Those and others here, in England, in comparison with former level ", i.e. If

Percent fall conducts to exportation of cash or to volume increase Productions. But Lock as I think, never reached original synthesis.

Efficiency of capital, it is visible from that citation (printed in 1621), Which Lock results from "Letters to the friend about usury":"High percent Harms to trade. Benefit from percent more than profit on trade, and it Induces rich merchants to throw trade and to give the capital under Percent, and smaller merchants breaks ". It sets one more example Rates on the low interest as on means of increase in riches (148).

Treasures advantage to norm of percent is lost. In certain cases

(For example, at Mana) the aspiration to strengthening of power of the state induced them

Nevertheless to support accumulation of money in the state treasury. But

"Shryoter, for example, used usual mercantilist arguments, Drawing a gloomy picture of how the country circulation could lose the Money owing to the big growth of the state treasury... He conducted also

Quite logical parallel between accumulation of treasures by monasteries and export

Surplus of precious metals that, in its opinion, was the most bad turn-over Affairs to what only can for itself present. It explained the extreme Poverty of many east nations which as believed, had more gold

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