Popular Fallacies Regarding Bimetallism
Popular Fallacies Regarding Bimetallism
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In our eReader you can find the full English version of the book. Read Popular Fallacies Regarding Bimetallism Online - link to read the book on full screen. Our eReader also allows you to upload and read Pdf, Txt, ePub and fb2 books. In the Mini eReder on the page below you can quickly view all pages of the book - Read Book Popular Fallacies Regarding Bimetallism
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1860 . 85 ^13 1880 1. 69 ^20 3 o 1865 . 90 16 8 o 1885 1. 76 17 14 o 1870 LI? 1710 o 1890 1. 98 20 1873 1-39 21 4 o I8 9 5 2. 1 1820 1875 1. 41 20 O If, as monometallists say, the increased produc- tion of commodities, better machinery and greater facilities of transport explain the fall in prices since 1873, it is difficult to understand why this effect should only be first perceived after 1873, ar| d why, when the world was endeavouring with equal energy prior to that period to put commoditie...s upon the market as cheaply as possible, prices nevertheless POPULAR FALLACIES VII rose. The " greater facilities " theory has one capital defect. It applies quite as much to the production of gold as it does to the production of other com- modities. Since 1873 there have been many improved facilities for mining gold, fresh mines have been opened up and better methods of extracting the ore employed, yet the value of gold in purchas- ing power has been continuously rising. The following table, compiled by Sir Guilford Molesworth, shows how, prior to 1873, prices rose with the increased output of commodities, and how after that date, although the previous rate of expan- sion in the production of commodities was not main- tained, prices nevertheless fell away.
What to read after Popular Fallacies Regarding Bimetallism?
You can find similar books in the "Read Also" column, or choose other free books by Edward Robert Pearce Edgcumbe to read onlineMoreLess
To quickly assess the difficulty of the text, read a short excerpt:
1860 . 85 ^13 1880 1. 69 ^20 3 o 1865 . 90 16 8 o 1885 1. 76 17 14 o 1870 LI? 1710 o 1890 1. 98 20 1873 1-39 21 4 o I8 9 5 2. 1 1820 1875 1. 41 20 O If, as monometallists say, the increased produc- tion of commodities, better machinery and greater facilities of transport explain the fall in prices since 1873, it is difficult to understand why this effect should only be first perceived after 1873, ar| d why, when the world was endeavouring with equal energy prior to that period to put commoditie...s upon the market as cheaply as possible, prices nevertheless POPULAR FALLACIES VII rose. The " greater facilities " theory has one capital defect. It applies quite as much to the production of gold as it does to the production of other com- modities. Since 1873 there have been many improved facilities for mining gold, fresh mines have been opened up and better methods of extracting the ore employed, yet the value of gold in purchas- ing power has been continuously rising. The following table, compiled by Sir Guilford Molesworth, shows how, prior to 1873, prices rose with the increased output of commodities, and how after that date, although the previous rate of expan- sion in the production of commodities was not main- tained, prices nevertheless fell away.
What to read after Popular Fallacies Regarding Bimetallism?
You can find similar books in the "Read Also" column, or choose other free books by Edward Robert Pearce Edgcumbe to read onlineMoreLess
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