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Stabilizing the Dollar (Classic Reprint): A Plan to Stabilize the General Price Level, Without Fixing Individual Prices: A Plan to Stabilize the ... Fixing Individual Prices (Classic Reprint) - Softcover

 
9781440054037: Stabilizing the Dollar (Classic Reprint): A Plan to Stabilize the General Price Level, Without Fixing Individual Prices: A Plan to Stabilize the ... Fixing Individual Prices (Classic Reprint)

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Excerpt from Stabilizing the Dollar

Tim fundamental fact on which the proposal of this book is based is that the purchasing power of the dollar is uncertain and variable, that is, that the price level is unstable. The war has caused the greatest upheaval of prices the world has ever seen. Inseparably connected with this upheaval is grave and world-wide industrial dis content. Because of this and because of the perplexity of business men as to future movement of prices, there has been much discussion going on of the question whether the level of war prices will drop or whether it can be stabilized. To show that permanent stability can be secured is the chief aim of this book; and a specific and de tailed plan for this purpose is presented.

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Irving Fisher
Published by Forgotten Books, 2018
ISBN 10: 1440054037 ISBN 13: 9781440054037
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Paperback. Condition: New. Print on Demand. This book explores the concept of how price levels can be stabilized, arguing that an unstable price level is the main source of injustice, violence, and social upheaval. It makes the case that the purchasing power of currency has always been unstable, as historically no instrument for measuring its aberrations had been conceived. However, thanks to the introduction of the price index, we can now rectify this. The author demonstrates how money can control price level, showing that the more gold in a dollar, the greater its buying power and subsequently, the lower the price level. The author concludes by discussing a way to standardize our monetary units, advocating for a reform that would safeguard agreements made at one date to pay money at another, by adjusting the dollar for purchasing power. The book delves into many historical price movements, analyzes their causes, and proposes an ingenious and simple solution to avert future social injustice from price level 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 # 9781440054037_0

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Irving Fisher
Published by Forgotten Books, 2018
ISBN 10: 1440054037 ISBN 13: 9781440054037
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PAP. Condition: New. New Book. Shipped from UK. Established seller since 2000. Seller Inventory # LW-9781440054037

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ISBN 10: 1440054037 ISBN 13: 9781440054037
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PAP. Condition: New. New Book. Shipped from UK. Established seller since 2000. Seller Inventory # LW-9781440054037

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Irving Fisher
Published by Forgotten Books, 2010
ISBN 10: 1440054037 ISBN 13: 9781440054037
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Paperback. Condition: Brand New. 360 pages. 9.00x6.00x0.82 inches. This item is printed on demand. Seller Inventory # zk1440054037

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