CONTENTS

XV

CHAPTER  VII
BIMETALLISM  AND  TRADE  DEPRESSION
PACK

*  The  Industrial  and  Financial  Sides  of  Business  112
2 *  What  takes  Place  when  Prices  Fall?  113
3-  Illicit  Jumps  in  Monetary  Explanations  of  Depression  .  .  .  115
4-  Bimetallism  can  only  Raise  Prices  by  Raising  Consumption ­
  116
5-  Does  a  Fall  of  Prices  come  from  Increased  Supply  or
Diminished  Demand  ?  118
6.  The  Test  of  Sauerbeck’s  Index  Numbers  119
7-  Want  of  “  Confidence  "  not  a  Vera  Causa—Itself  a
Symptom  120
8  The  Notion  that  Reduced  Cost  of  Production  cannot  Reduce
all  Prices  Disproved  122
9-  The  Right  Place  of  Money  as  an  Agent  in  Falls  of
Prices  124

CHAPTER  VIII
PALLIATIVES  OF  UNEMPLOYMENT
*  A  Test  for  Palliatives.  Do  they  Raise  Consumption  ?  .  .  .  12O

2 -  Labour  Bureaux  as  Clearing-Houses  126
3-  The  Elimination  of  Minor  Forms  of  Waste  129
4-  Schemes  for  Increasing  Employment  130
5-  Labour  Colonies—Penal  Conditions  131
Farm  Colonies  for  Paupers  132
7*  Mr.  Charles  Booth’s  Suggested  Labour  Colonies  for
Class  B  i
8*  Practical  Difficulties  of  “  Social  Drainage  ”  136
9*  German  and  Dutch  Free  Labour  Colonies  137
°*  The  Starnthwaite  Experiment  138