Author: Hans Forssell

Publisher:

Published: 2015-07-26

Total Pages: 38

ISBN-13: 9781331999164

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. About the Publisher Forgotten Books publishes hundreds of thousands of rare and classic books. Find more at www.forgottenbooks.com This book is a reproduction of an important historical work. Forgotten Books uses state-of-the-art technology to digitally reconstruct the work, preserving the original format whilst repairing imperfections present in the aged copy. In rare cases, an imperfection in the original, such as a blemish or missing page, may be replicated in our edition. We do, however, repair the vast majority of imperfections successfully; any imperfections that remain are intentionally left to preserve the state of such historical works.