Political economy

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Monograph

Identifikator:: 867647221

URN:: urn:nbn:de:zbw-retromon-93157

Document type:: Monograph

Author:: Chapman, Sydney John http://d-nb.info/gnd/123743141

Title:: Political economy

Place of publication:: London [u.a.]

Publisher:: Williams & Norgate [u.a.]

Year of publication:: 1912

Scope:: 1 Online-Ressource (255 Seiten)

Collection:: Economics Books

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/ MONEY 133 bank rate would be called for. At the present time in more than one country the problem of the reserve is engaging the attention of statesmen, bankers, and other business men. The manner in which banks in the ordinary course of their business, which may be tersely described as dealing in credit, can augment or diminish the quantity of money, broadly regarded, in a country, is of particular import ance in relation to a curious phenomenon known as the trade cycle. Trade does not flow along uninterruptedly in any modern community. It has its ups and downs even if it is viewed in the mass. Many of the fluctuations in business briskness, which one would naturally expect, take place in different industries at about the same time, as one would not so readily expect. In other words fluctuations in trade tend to synchronise in the different industries, so that at any one time the business of a country in the aggregate tends to be depressed or the reverse. This synchron ism may be accounted for as follows. The business of a modern community makes up an organic whole, every part of which is directly or indirectly connected with every other part. If engineers are slack the demand for

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