Excerpt from Why Prices Rise and Fall
This little book has been written for the man or woman who wishes to understand the economic basis of prices. For this purpose I have endeavoured to make it as readable as possible by giving a number of illustrations taken from the practical affairs of every-day life.
The first four chapters deal with the general principles of making and using, and are of universal application. The next three chapters illustrate exchange and money. Chapters VIII to XI are devoted to an outline of the recognized economic theory of prices based on the system of complete competitive private ownership. I have indicated the basis on which the proceeds are shared out between rent, interest, profits, and wages; and have specially discussed the effects of an increase in wages on prices and of an increase in prices on wages and profits. Chapter XII is concerned with the result of taxation. In Chapter XIII I have explained the basis on which prices are decided when the competitive system gives place to monopoly. Chapter XIV is a brief sketch of the effect of public control on prices under competitive or monopolistic conditions. In Chapter XV I have dis cussed prices under public ownership. In Chapters XVI and XVII, I apply the theories of the preceding chapters to the events of the last six years. Chapter XVIII is a somewhat hazardous attempt to penetrate into the future.
Owing to the rigid limits of space, the book is necessarily a mere outline of the subject. But if I have illumined some dark places, still more if I have made this part of the dismal' science intelligible and even interesting, I shall feel that my work has not been in vain.
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Paperback. Condition: New. Print on Demand. This book introduces readers to the economic basis of prices, providing a clear understanding of how they are determined. It begins with general principles that apply to all economic scenarios, such as the concepts of effort and satisfaction. The author then goes on to explore how prices are affected by supply and demand, and how they are impacted by factors such as taxation, competition, and government intervention. The book also provides insights into how these theories of price are relevant in both historical and modern contexts. With its engaging writing style, this book illuminates the often-complex subject of economics, making it accessible to readers of all backgrounds. By gaining a deeper understanding of the economic forces that shape prices, readers will be better equipped to navigate the complexities of our economic system. This book is a reproduction of an important historical work, digitally reconstructed using state-of-the-art technology to preserve the original format. In rare cases, an imperfection in the original, such as a blemish or missing page, may be replicated in the book. print-on-demand item. Seller Inventory # 9781330189863_0
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PAP. Condition: New. New Book. Shipped from UK. Established seller since 2000. Seller Inventory # LW-9781330189863
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PAP. Condition: New. New Book. Shipped from UK. Established seller since 2000. Seller Inventory # LW-9781330189863
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Condition: Hervorragend. Zustand: Hervorragend | Seiten: 72 | Sprache: Englisch | Produktart: Bücher. Seller Inventory # 25791247/1
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