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 141 prices are kept approximately stationary ; but, though theoretically such a scheme could be carried out, he would be a rash prophet who should venture to foretell that it is really feasible. However, we may con clude that reliable index numbers of general prices ought to be kept and made public (as they are), and carefully watched by the business world (as they are not ordinarily) with a view to orders relating to the future and adjustments of salaries and wages. Index numbers of prices are figures, scientifi cally calculated from the prices of a large number of different things, which indicate how on an average prices are moving. No discussion of money would be complete without some reference to bimetallism, a subject which links on to the question of the purchasing-power of money. The agitation for bimetallism was very strong some years after the fall in prices which began in the “ ’seventies,” but of late it has collapsed, and it can no longer be held to play a noticeable part in current economic movements. It was desired by some with the object of stop ping the fall in prices ; by others with the object of steadying prices ; by others with the object of creating a par of exchange

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