Régime des chambres de commerce

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Monograph

Identifikator:: 834582015

URN:: urn:nbn:de:zbw-retromon-77707

Document type:: Monograph

Title:: Régime des chambres de commerce

Place of publication:: Paris

Publisher:: Libr.-impr. réunies

Year of publication:: 1894

Scope:: 1 Online-Ressource (390 S)

Collection:: Economics Books

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16 INTERNATIONAL TRADE come to exist, and how far they may be related to international trade, in the last analysis, as effects rather than as causes. These aspects of the problem will be considered at the close of the present chapter. Taking the modified wages figures, then, we have further modifications in the other figures thus: In the U. S. 10 days’ labor » » U. S. 10 2» » ” Germany 10 7 » ” (Germany 10 7” ” Wages ToTAL PER DAl WaGEs $1.50 gas $1.50 $0.66 $1.00 PRODUCE DomEsTIC SuppLy PricE 20 wheat $0.75 20 linen $0.75 10 wheat $0.662 15 linen $0.66% The supply price of wheat in Germany has fallen to $0.663. The labor in that occupation is comparatively ineffective, yet its price to the employing capitalist is low. Wheat can be sold at a comparatively low price, even tho it requires comparatively much labor to produce. Observe further that both wheat and linen are now lower in price in Germany than in the United States. Both will be sold indiscriminately in the United States by German exporters. On the other hand no commodity can move from the United States to Germany. Specie will flow to Germany and prices will rise there. Prices will fall in the United States. The rise in Germany and the fall in the United States will go on until both wheat and linen sell for the same prices in the two countries. The resulting situation will be of the following sort : In the U. S. 10 days’ labor 2 2) U. S. 10 J) ” ” Germany 10 ” 2 ” (Germany 10 ” 22 WAGES PER DAY $1.40 $1.40 $0.70 $1.05 ToTAL WAGES %14 a1 4 37 210.50 PRODUCE DoMEsTIC SuppLy PRICE 20 wheat $0.70 20 linen $0.70 10 wheat $0.70 15 linen $0.70 The movement of specie will then cease, and all movement will cease. There will be no trade between the countries. Each will go its way regardless of the other. The case will be the same in its outcome as that of equal differences in costs. What this signifies evidently is that the lower wages for German wheat growers have the same sort of effect as would a higher effectiveness of their labor. In terms of labor-cost, of effectiveness

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