Synopsis
A clear, readable look at why unemployment happens and how it can be addressed. This edition presents a practical examination of the economic forces behind widespread joblessness, arguing that the key lies in understanding how production, prices, and money interact. It explains why falling prices and weak demand can trap an economy, and why simple remedies often miss the mark.
- Learn how surplus production and underused labor create unemployment, even when resources exist.
- See why the rate of discount (the bank-rate) is presented as a direct tool to stabilize prices and employment.
- Understand the role of saving, investment, and credit in driving or slowing economic activity.
- Explore practical arguments about currency, gold standards, and how monetary policy could influence jobs without risking inflation.
Ideal for readers curious about economic theory, monetary policy, and the real-world mechanics behind unemployment and its possible solutions.
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The Riddle of Unemployment and Its Solution (Classic Reprint)
Print on DemandSeller: Forgotten Books, London, United Kingdom
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Paperback. Condition: New. Print on Demand. This book explores the riddle of unemployment and proposes a solution. Unemployment is a problem as old as society itself, yet it persists through periods of prosperity and peace and reaches its peak during economic downturns. The author argues that unemployment is caused by a fall in prices, which in turn results from a contraction of credit. The book presents a thorough analysis of the relationship between money and prices, challenging the conventional understanding of the quantity theory of money. The author delves into the history and mechanics of currency systems, demonstrating how the gold standard is flawed and leads to disastrous contractions of credit and consequent trade depressions. Proposing an alternative, the author outlines an ideal currency system that would prevent these problems and provide the revenues for social reforms. By understanding the root cause of unemployment and implementing the solutions proposed in this book, we can break the back of this persistent and devastating problem. This book is a reproduction of an important historical work, digitally reconstructed using state-of-the-art technology to preserve the original format. In rare cases, an imperfection in the original, such as a blemish or missing page, may be replicated in the book. print-on-demand item. Seller Inventory # 9781330636701_0
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The Riddle of Unemployment and Its Solution Classic Reprint
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PAP. Condition: New. New Book. Shipped from UK. Established seller since 2000. Seller Inventory # LW-9781330636701
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The Riddle of Unemployment and Its Solution Classic Reprint
Seller: PBShop.store UK, Fairford, GLOS, United Kingdom
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PAP. Condition: New. New Book. Shipped from UK. Established seller since 2000. Seller Inventory # LW-9781330636701
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The Riddle of Unemployment and Its Solution (Classic Reprint)
Seller: Buchpark, Trebbin, Germany
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Condition: Hervorragend. Zustand: Hervorragend | Sprache: Englisch | Produktart: Bücher | Keine Beschreibung verfügbar. Seller Inventory # 25828275/1