Die Zollgesetze der österreichisch-ungarischen Monarchie nach dem gegenwärtigen Stande der Gesetzgebung nebst allen auf die Einhebung und Verwaltung der Zölle Bezug habenden Vorschriften und Erlässen

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Monograph

Identifikator:: 834699508

URN:: urn:nbn:de:zbw-retromon-88487

Document type:: Monograph

Author:: Zauschner, E.

Title:: Die Zollgesetze der österreichisch-ungarischen Monarchie nach dem gegenwärtigen Stande der Gesetzgebung nebst allen auf die Einhebung und Verwaltung der Zölle Bezug habenden Vorschriften und Erlässen

Place of publication:: Wien

Publisher:: Beck

Year of publication:: 1871

Scope:: 1 Online-Ressource (LVII, 525 S.)

Collection:: Economics Books

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

14 INTERNATIONAL TRADE AH HE BAT iy many. And evidently the gain from the exchange will be greater to that country which has the higher money wages. The price of each commodity, once the exchange has begun, will be the same in both countries. The German price for linen will be the ruling price in the United States as well as in Germany. The American price for copper will be the same in Germany as in the United States. But, with money wages higher in the United States and with the prices of the goods identical (both linen and copper), evidently the American purchasers will be better off. Conversely, if money wages be higher in Germany, as they quite possibly may be, the Germans will be better off. The range of possible deviation in money wages between the two countries will be between $1.00 and $2.00. It is possible that money wages in the United States will be nearly double those in Germany ; and money wages in Germany may be nearly double those in the United States. If, for example, money wages are $2.00 in the United States and $1.00 in Germany, we have : In the U. S. 10 days’ labor » )) U. S. 10 » bad ” Germany 10 ” 2 ” Germanv 10 ” 3 ir En | Promos DON $2.00 $20 30 copper $0.66% $2.00 $20 15 linen $1.33% $1.00 $10 15 copper $0.662 $1.00 $10 30 linen $0.33% ig _ Here the supply price of copper is the same in the two countries — $0.662. But linen is very much cheaper in Germany — $0.33% against $1.33 in the United States. No copper will move from the United States to Germany; but linen will move from Germany to the United States. As German linen is sold in the United States, gold will have to be remitted in order to pay for it. The outflow of gold from the United States will lower prices there, and will lower money wages also; while the inflow of gold into Germany will raise prices and money wages. Thereupon copper will begin to move in payment for linen. How great the move- ment will be and what the limits to it, need not at this stage be considered. It is enough to observe that as soon as money wages in the United States become less than $2.00 — less than double the German rate — the possibilities of sales of goods both ways

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