International trade

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Monograph

Identifikator:: 1758394757

URN:: urn:nbn:de:zbw-retromon-136209

Document type:: Monograph

Author:: Taussig, Frank William http://d-nb.info/gnd/120199459

Title:: International trade

Place of publication:: New York, NY

Publisher:: Macmillan

Year of publication:: 1927

Scope:: XXI, 425 Seiten; graph. Darst.

Digitisation:: 2021

Collection:: Economics Books

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Document type:: Monograph

Structure type:: Chapter

Title:: Part I. Theory

Collection:: Economics Books

42 INTERNATIONAL TRADE mental thing in the movement of domestic prices, as distinct from international, is the movement of money incomes; and among these, again, the basic are the wages of manual labor, such as are usually registered in the index numbers of wages. Here is the item that is most significant and most easy to interpret and follow. Changes in money wages, so far as peculiar to a given country — so far as due, that is, to causes affecting it alone, and not a reflex of a general movement appearing throughout the com- mercial world — are at once the first indicator of changes on other domestic “prices”, and also the effective mechanism through which the greater or less gain from international trade is trans- mitted to the several peoples. It is this which should especially be watched, and it is this, fortunately, which the statistical mate- rial, when available at all, is most likely to lay bare.

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