Isbn: 9781330368992 - money: its connexion with rising and falling prices (classic reprint) (3 risultati)

PAP. Condizione: New. New Book. Shipped from UK. Established seller since 2000.

PAP. Condizione: New. New Book. Shipped from UK. Established seller since 2000.

Paperback. Condizione: New. Print on Demand. This book investigates the connection between the value of money and the rise and fall of prices, particularly during wartime. The author begins by asserting that a change in general prices is equivalent to a change in the value of money, which is often difficult to recognise and is frequently denied. The author argues that such a change can be measured by means of index numbers, provided that the unit of account is a fixed quantity of bullion coined or uncoined, which was the case in England from soon after the end of the Napoleonic War till 1914. However, when the unit of account is not a fixed quantity of bullion but a coin kept by limitation at a value above that of its bullion contents, as was the case in Britain during the Great War, the value of the coin can be kept above that of the bullion in it by limiting its supply. Put simply, when a government limits the production of coins, the value of those coins increases in relation to the bullion from which they are made. This book will be of interest to anyone seeking to understand the complex relationship between money, inflation and the wider historical context in which these factors operate. 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.…