Investment, an exact science

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Monograph

Identifikator:: 865521182

URN:: urn:nbn:de:zbw-retromon-48767

Document type:: Monograph

Author:: Lowenfeld, Henry

Title:: Investment, an exact science

Place of publication:: London

Publisher:: The Financial Review of Reviews

Year of publication:: 1906

Scope:: 1 Online-Ressource (X, 160 Seiten)

Collection:: Economics Books

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Document type:: Monograph

Structure type:: Chapter

Title:: Appendix

Collection:: Economics Books

141 It will be seen that there was one fall—in the period 1891-1895. But beginning with that period the advance was continuous. A glance at Diagram I. will show the upward course of the world’s export trade. When we look at the decennial averages in Statement A we see a steady increase in the world’s export trade. And this method is probably the best that can be used to make the course of trade disclose itself. It has been extensively applied by me in my “ British Trade Year Book ” (John Murray), and I may point out that when the trade of single countries is thus treated by the method of decennial averages many up or down gradients of trade are seen to exist, which, as the latter part of Statement A shows, are wholly absent from the trade of the world. It is, I think, to be expected that the trade of the world should constantly increase, apart from the evidence of fact given in Statement A, which relates to one important part of the world’s trade. I say this because we have the fact that the world’s population is constantly increasing. This means that the material needs of that population also constantly in crease. Therefore, the world’s activity in producing merchandise of all sorts, for con sumption by the world’s increasing population,

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