Books The Appreciation of Gold : And the Fall in Prices of Commodities (Classic Reprint)

  • Autor: Hans Forssell
  • Editor: Forgotten Books
  • Last data published: September 2015
  • ISBN: 9781331999164
  • Format: PDF, Epub, DOCx, TXT
  • Number of page: 38 pages
  • File Size: 52MB
  • Rating:



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Description The Appreciation of Gold : And the Fall in Prices of Commodities (Classic Reprint) de Hans Forssell:

Excerpt from The Appreciation of Gold: And the Fall in Prices of Commodities

Ever since the effect of the discovery of gold in California and Australia was first felt in Europe, the Science of Economics has paid special attention to price fluctaations. In the sixth volume of Tooke's 'History of Prices, ' Mr. Newmarch, in 1857, published a review of the prices, in the London and Manchester markets, of a considerable number of important staple-wares. This review has been subsequently continued and elaborated to a standard price-stable, which up to the last years has afforded the materials for most discussions about that matter.

The investigations were at first confined to registering the fluctuations in price of each separate article, and as to the causes of those fluctuations Newmarch had, in 1857, expressed the opinion, that they could be attributed only to "supply and demand." But by degrees the propensity peculiar to statisticians, of deducing general laws from average calculations, began to force its way even into this sphere.

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