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Monograph

Identifikator:: 1027863817

URN:: urn:nbn:de:zbw-retromon-43741

Document type:: Monograph

Author:: George, Henry http://d-nb.info/gnd/118716948

Title:: Fortschritt und Armut

Edition:: Sechste, unveränderte Auflage

Place of publication:: Jena

Publisher:: Verlag von Gustav Fischer

Year of publication:: 1920

Scope:: 1 Online-Ressource (XII, 407 Seiten)

Digitisation:: 2018

Collection:: Economics Books

Usage license:: Get license information via the feedback formular.

Chapter

Document type:: Monograph

Structure type:: Chapter

Title:: Buch VIII. Die Anwendung des Heilmittels

Collection:: Economics Books

J0 INTERNATIONAL TRADE The United States and Germany would both gain if linen went from 3 EE the United States to Germany. At any terms of trade between 0 and 12 of German cloth for 10 of American linen, both countries ould gain." ome Observe that in case (2) linen moves from Germany to the nited States, to the gain of both countries. In case (3) linen oves the other way, from the United States to Germany, also to he gain of both countries. What determines whether one or the other sort of movement takes place? he answer is: the outcome depends on the play of demand. he nature of the trade, and especially the movement of linen, will depend on the demand of the United States for her own wheat as compared with her demand for the two commodities which may onceivably be secured from Germany, cloth and linen; and on the emand of Germany for her own cloth as compared with her emand for the two commodities which may conceivably be secured rom the United States. The barter terms of trade may be so avorable to the United States that she will find it advantageous to rocure from Germany both linen and cloth. Or the terms may be o little favorable to the United States, and her margin of gain so arrow that, tho it remains advantageous to get from Germany hat commodity (cloth) which Germany can supply most cheaply, t will not be advantageous to get from Germany the other com- odity (linen) which Germany can supply less cheaply. It 1s i loth that Germany has her greatest effectiveness of labor; itis ere that she has the least of her inferior disadvantages; and cloth ill move from Germany to the United States even tho the barter erms of trade are not favorable to the United States. Nay, as will e presently shown, those terms may be so unfavorable to the nited States that she will gain by actually exporting linen to Germany. Linen may move either way, according as the barter erms of trade vary. SE. here are thus three possible cases: I. Both cloth and linen may move from Germany to the United tates. As regards the exchange between German cloth and merican wheat, we have seen that both countries would gain if

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