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Price-Indexes, Their Nature and Limitations, the Technique of Computing Them, and Their Application in Ascertaining the Purchasing-Power of Money: ... for Home and Territories (Classic Reprint) - Hardcover
Synopsis
Understand how price-indexes reveal the true buying power of money.
This book explains what price-indexes are, why they matter, and how they are constructed for real-world questions about wages, living costs, and trade.
Price-indexes are not simple measures of prices alone. They represent the cost of a carefully chosen bundle of commodities, tailored to a specific purpose, and show how that cost changes over time or across places. The work starts from the basics and builds toward practical methods for comparing imports, exports, and the purchasing power of money in different contexts. It also explains the limits of these indexes during abnormal times like war or drought, when typical consumption patterns shift.- How to form a composite-unit that reflects actual usage and purpose
- How to choose prices and calculate the total cost of a fixed bundle
- How to interpret price-relations to separate price effects from quantity changes
- When price-indexes are reliable and when they must be treated with caution
The book helps you see the connection between money, prices, and living costs, and shows the careful reasoning behind when and how price-indexes should be used. It also cautions about the limitations and the necessary conditions for meaningful comparisons across times and places.
Ideal for researchers, students, and professionals who need a solid, method-driven understanding of price-indexes and their proper use in economic analysis.
What you’ll gain:
• A practical framework for building a representative composite-unit
• Techniques for deriving price-indexes from observed costs
• Insight into the relationship between price movements, expenditures, and real purchasing power
• Awareness of when price-indexes lose meaning in abnormal times
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PriceIndexes, Their Nature and Limitations, the Technique of Computing Them, and Their Application in Ascertaining the PurchasingPower of Money for Home and Territories Classic Reprint
Seller: PBShop.store US, Wood Dale, IL, U.S.A.
Seller rating 5 out of 5 stars
HRD. Condition: New. New Book. Shipped from UK. Established seller since 2000. Seller Inventory # LX-9780484199896
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PriceIndexes, Their Nature and Limitations, the Technique of Computing Them, and Their Application in Ascertaining the PurchasingPower of Money for Home and Territories Classic Reprint
Seller: PBShop.store UK, Fairford, GLOS, United Kingdom
Seller rating 5 out of 5 stars
HRD. Condition: New. New Book. Shipped from UK. Established seller since 2000. Seller Inventory # LX-9780484199896
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