Stabilization Of Purchasing Power Of Money

Author : Irving Fisher
Publisher : Forgotten Books
ISBN 13 : 9781440054037
Total Pages : 357 pages
Book Rating : 4.0/5 (54 download)

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Download or read book Stabilizing the Dollar written by Irving Fisher and published by Forgotten Books. This book was released on 2015-06-26 with total page 357 pages. Available in PDF, EPUB and Kindle. Book excerpt: Excerpt from Stabilizing the Dollar: A Plan to Stabilize the General Price Level, Without Fixing Individual Prices The fundamental fact on which the proposal of this book is based is that the purchasing power of the dollar is uncertain and variable, that is, that the price level is unstable. The war has caused the greatest upheaval of prices the world has ever seen. Inseparably connected with this upheaval is grave and world-wide industrial discontent. Because of this and because of the perplexity of business men as to future movement of prices, there has been much discussion going on of the question whether the level of war prices will drop or whether it can be stabilized. To show that permanent stability can be secured is the chief aim of this book; and a specific and detailed plan for this purpose is presented. The first sketch of this plan was published in 1911 (in my Purchasing Power of Money). It was later presented before the International Congress of Chambers of Commerce at Boston, September, 1912, and again before the American Economic Association, December, 1912. The plan was elaborated in the Quarterly Journal of Economics, February, 1913. In October, 1917, I gave the Hitchcock lectures at the University of California, using much of the material published now, for the first time, in this book. 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.