Isbn: 9781330811580 - a comparative estimate of the effects which a continuance and a removal of the restriction upon cash payments are respectively calculated to produce (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 explores the relationship between the value of a country's circulating medium and its economic health. Its author argues that the value of a nation's banknotes can fluctuate wildly when they are not convertible into gold or silver. The text explains how an unfavorable balance of payments can lead to a situation where a country must export goods at a loss to settle its debts. This can cause the market price of gold to rise so high that it is no longer profitable to export it. The result is a decrease in the supply of gold, which in turn leads to an increase in its value relative to banknotes. The book also discusses the effects of a depreciated currency on wages, employment, and trade. The author concludes by arguing that the best way to ensure a stable and healthy economy is to maintain a currency that is convertible into gold or silver. This book is a valuable resource for anyone interested in economics, finance, or the history of money. 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.…