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