An Introduction to the Study of Prices (Classic Reprint) - Hardcover

Walter T. Layton

Hardcover

ISBN 10: 0267961510 ISBN 13: 9780267961511

Publisher: Forgotten Books, 2018

Synopsis

How prices move and what shapes money's value across eras

This nonfiction guide surveys the study of prices, from the methods economists use to measure movements to the forces that push prices up or down. It looks at inflation, the gold standard, and how wartime policy and currency changes can steer the cost of goods and the purchasing power of money. The book weaves together theory with historical data, showing how production, trade, and government actions interact to set price levels.

In readable analyses, it discusses how price control operated in wartime, the limits of stabilising prices, and what happened when markets and currencies tried to re-balance after conflict. It links concepts like living costs, real income, and price indexes to real-world events, making a complex topic accessible to readers new to economic history as well as those exploring the history of prices.
What you’ll experience

• Clear explanations of price movements, inflation, and purchasing power
• Discussions of money, currency, and the gold standard across different eras
• Examples of price changes in common goods, production, and trade
• A historical view of how governments and markets interact to influence prices

Ideal for readers of economic history, price theory, and readers curious about how money and markets shape everyday life.

Edition details

• Publisher: Forgotten Books
• Publication date: 2018
• Language: English
• ISBN 10: 0267961510
• ISBN 13: 9780267961511
• Binding: Hardcover
• Number of pages: 313