Political economy

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Monograph

Identifikator:: 867647221

URN:: urn:nbn:de:zbw-retromon-93157

Document type:: Monograph

Author:: Chapman, Sydney John http://d-nb.info/gnd/123743141

Title:: Political economy

Place of publication:: London [u.a.]

Publisher:: Williams & Norgate [u.a.]

Year of publication:: 1912

Scope:: 1 Online-Ressource (255 Seiten)

Collection:: Economics Books

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INTERNATIONAL TRADE 151 and when the conditions attending its use are so thoroughly known to him that he can, without much trouble and delay, take the requisite steps to protect it if prudence so dictates. Of course, we should be mistaken in saying that labour is absolutely immobile internationally. Labour flows from any centre all over the world, but it flows with less ease between places with different languages than between places with the same language, with less ease again between different empires than between regions forming parts of the same empire, and with less ease yet again between a country and its colonies than between different parts of the same country. Capital also overflows national boundaries, but only as a rule under the persuasion of a more than usually generous rate of interest ; and in so far as capital goes abroad, it will be found that its favourite investments are public securities, and such industrial stock as is closely related to them. As we have now formed a general idea of the problem of international exchange we may at once proceed to its detailed solution. It will be convenient to do so by laying down a series of propositions. The one which is logically the first is the following, that

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