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Book may have numerous typos, missing text, images, or index. Purchasers can download a free scanned copy of the original book (without typos) from the publisher. 1911. Excerpt: ... 3. MONEY. Money as distinguished from coin, the result of the circulation process CMC, forms the starting point of the circulation process MCM, i. e. the exchange of money for commodity in order to exchange commodity for money. In the form CMC, commodity forms the starting and final points of the movement; in the form MCM, money plays that part. In the former case money is the medium of exchange of commodities, in the latter the commodity helps money to become money. Money which appears merely as a means of circulation in the first form becomes an end in the second form; while commodity which appeared first as the end, now becomes but a means. Since money is itself the result of circulation CMC, the result of circulation appears at the same time as its starting point in the form MCM.
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