La Hongrie de l'Adriatique au Danube

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Monograph

Identifikator:: 844773522

URN:: urn:nbn:de:zbw-retromon-50582

Document type:: Monograph

Author:: Tissot, Victor http://d-nb.info/gnd/117628085

Title:: La Hongrie de l'Adriatique au Danube

Place of publication:: Paris

Publisher:: Plon

Year of publication:: 1883

Scope:: 1 Online-Ressource (412 S., [12] Bl.)

Collection:: Economics Books

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Chapter

Document type:: Monograph

Structure type:: Chapter

Title:: Chapitre VII

Collection:: Economics Books

104 INTERNATIONAL TRADE aR Rc England only. Any deviation from these terms (13 cloth for 10 wheat) would cause Germany to enter. If the cloth given in exchange for 10 wheat were more than 13 cloth, Germany would turn from cloth to wheat and would send wheat to England. If it were less than 13 cloth, Germany would turn from wheat to cloth, and would send cloth to the United States. At the precise figure of 13 cloth she would have no inducement for concerning herself with the other countries at all, and would go her way, producing for herself both cloth and wheat. The only trade would be between the United States and England. These suppositions, like the various others which have been con- sidered in the preceding pages, can be put in terms of money prices and money incomes. At the risk of wearying the reader, I will indicate how money wages and money prices might shape them- selves in the three countries in the several cases just described. (1) Suppose that money wages and domestic supply prices in the countries are as follows : In the U.S. 10 days’ labor )) )) 1, S. 10 J) » England 10 7” 2 ” England 10 7” » ” Germany 10 ” 2 »” Germany 10 7” 2 WAGES PER Day $2.00 $2.00 $1.40 $1.40 $1.21 $1.21 ar TorAL WAGES $20 $20 $14 $14 $12.1v $12.10 ProODUCE 20 wheat 20 cloth 10 wheat 15 cloth 10 wheat 13 cloth DowmEsTIC SuppLY PRICE $1.00 $1.00 $1.40 $0.93 $1.21 $0.93 The domestic supply price of cloth is the same in England and in Germany — $0.93. It is lower than the domestic supply price of cloth in the United States; and both German and English cloth will be sold in the United States at a price which no American cloth maker could meet. The Americans would get their cloth for $0.93 by importation, instead of paying $1.00 for it, as they would if it were made at home. Both Germany and England would get American wheat for $1.00. Wheat, if grown in England, would entail a money cost of $1.40; if grown in Germany, would entail a money cost of $1.21. In other words, England would gain the difference between $1.40 and $1.00, and Germany the difference between $1.21 and $1.00. Both gain, but England gains more.

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