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A Contribution to the Studty of a Constant Standard and Just Measure of Value (Classic Reprint) - Softcover
Synopsis
Excerpt from A Contribution to the Studty of a Constant Standard and Just Measure of Value
The following are the features of this essay to which attention is more particularly directed: -
1st. The mathematical nature of the proof, in the first chapter, that steady general prices cause continuously advancing wages, and are the solution of the "difficulty of employment."
2nd. The idea of basing the value of money on the prices of chosen agricultural products, and not on the prices of goods in general.
3rd. The naming and description of the function which money fulfils as the regulator of general prices and of trade.
4th. The explanation of the law of the average rate of interest, and of the function which money fulfils in regulating the prices of State and other securities to fixed interest by means of the rate of discount.
5th. The recognition of the remarkable character of the change, which steady prices together with a supply of money freely permitting any rate of expansion of commerce, are calculated to produce in the position of wage-earners.
6th. The whole system of "just money," as an attempt to realise, in a practicable system, the theoretic requirements of a perfect money; and
7th, As an attempt to state the laws of issue of a good paper money.
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A Contribution to the Studty of a Constant Standard and Just Measure of Value
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Paperback. Condition: New. Print on Demand. This intriguing book explores the concept of creating a monetary system based on the principle of maintaining steady prices for goods and services. The author presents a comprehensive analysis of the historical and economic consequences of fluctuating prices, highlighting the devastating effects of both inflation and deflation, particularly on commerce and employment. The book argues that by regulating the quantity of money in circulation, governments can effectively control price movements, safeguarding the economy from sudden market fluctuations. The author also explores the relationship between interest rates and the value of government securities, demonstrating how a well-managed monetary system can ensure stability in both areas. The book concludes with a thought-provoking examination of how monetary policy can positively impact wage growth and income distribution. Overall, this book provides a valuable insight into the dynamic role of money in the economy and offers a viable solution to the economic challenges posed by price instability. 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 # 9781330713907_0
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A Contribution to the Studty of a Constant Standard and Just Measure of Value Classic Reprint
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PAP. Condition: New. New Book. Shipped from UK. Established seller since 2000. Seller Inventory # LW-9781330713907
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A Contribution to the Studty of a Constant Standard and Just Measure of Value Classic Reprint
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PAP. Condition: New. New Book. Shipped from UK. Established seller since 2000. Seller Inventory # LW-9781330713907
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