Le Pérou économique

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Monograph

Identifikator:: 1019703202

URN:: urn:nbn:de:zbw-retromon-34598

Document type:: Monograph

Author:: Walle, Paul http://d-nb.info/gnd/1057115835

Title:: Le Pérou économique

Edition:: quatrième édition entièrement revue

Place of publication:: Paris

Publisher:: E. Guilmoto, éditeur

Year of publication:: 1913

Scope:: 1 Online-Ressource (XVI, 387 Seiten)

Digitisation:: 2018

Collection:: Economics Books

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Document type:: Monograph

Structure type:: Chapter

Title:: Chapitre VI

Collection:: Economics Books

INTERNATIONAL TRADE 147 at what rates they will exchange with one another. The solution of the problem is afforded by the statement that they will exchange in proportion to the relative demands for them. Of two things, the supplies of which are equal, the one for which there is the greatest demand will be the one to realise the highest price. Now, the value of things having been settled in this way, it is sure to be found that the agents producing some of them are more richly rewarded than the agents producing others. The producers of the things that sell best have larger net receipts to share out than the producers of the things that sell indifferently well. Consequently, the industries furnishing the former articles will prove exceptionally attractive to such labour, capital, and enterprise as is seeking occupation in the community, and such as can be shifted from their present uses ; and at the same time the relatively meagre earnings of the factors engaged in the industries producing the latter articles will exercise an expulsive force upon such of these factors as can be transferred to other purposes, and repel the supplies of productive power which would otherwise have been absorbed by the less successful industries. As a result of the crea-

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