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The Purchasing Power of Money: Its Determination and Relation to Credit Interest and Crises (Classic Reprint) - Couverture souple
Synopsis
Excerpt from The Purchasing Power of MoneyAbout the PublisherForgotten Books publishes hundreds of thousands of rare and classic books.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. This text has been digitally restored from a historical edition. Some errors may persist, however we consider it worth publishing due to the work's historical value.The digital edition of all books may be viewed on our website before purchase.
Les informations fournies dans la section « Synopsis » peuvent faire référence à une autre édition de ce titre.
Présentation de l'éditeur
The purpose of this book is to set forth the principles determining the purchasing power of money and to apply those principles to the study of historical changes in that purchasing power, including in particular the recent change in the cost of living, which has aroused world-wide discussion. If the principles here advocated are correct, the purchasing power of money or its reciprocal, the level of prices depends exclusively on five definite factors: (1) the volume of money in circulation; (2) its velocity of circulation ;(3) the volume of bank deposits subject to check; (4) its velocity; and (5) the volume of trade. Each of these five magnitudes is extremely definite, and their relation to the purchasing power of money is definitely expressed by an equation of exchange. In my opinion, the branch of economics which treats of these five regulators of purchasing power ought to be recognized and ultimately will be recognized as an exact science, capable of precise formulation, demonstration, I and statistical verification. The main contentions of this book are at bottom simply a restatement and amplification of the old quantity theory of money. With certain corrections in the usual statements of that theory, it may still be called fundamentally sound. What has long been needed is a candid reexamination and revision of that venerable theory rather than its repudiation.
(Typographical errors above are due to OCR software and don't occur in the book.)
About the Publisher
Forgotten Books is a publisher of historical writings, such as: Philosophy, Classics, Science, Religion, History, Folklore and Mythology.
Forgotten Books' Classic Reprint Series utilizes the latest technology to regenerate facsimiles of historically important writings. Careful attention has been made to accurately preserve the original format of each page whilst digitally enhancing the aged text.
Présentation de l'éditeur
This book was originally published prior to 1923, and represents a reproduction of an important historical work, maintaining the same format as the original work. While some publishers have opted to apply OCR (optical character recognition) technology to the process, we believe this leads to sub-optimal results (frequent typographical errors, strange characters and confusing formatting) and does not adequately preserve the historical character of the original artifact. We believe this work is culturally important in its original archival form. While we strive to adequately clean and digitally enhance the original work, there are occasionally instances where imperfections such as blurred or missing pages, poor pictures or errant marks may have been introduced due to either the quality of the original work or the scanning process itself. Despite these occasional imperfections, we have brought it back into print as part of our ongoing global book preservation commitment, providing customers with access to the best possible historical reprints. We appreciate your understanding of these occasional imperfections, and sincerely hope you enjoy seeing the book in a format as close as possible to that intended by the original publisher.
Les informations fournies dans la section « A propos du livre » peuvent faire référence à une autre édition de ce titre.
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The Purchasing Power of Money
Vendeur : PBShop.store US, Wood Dale, IL, Etats-Unis
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PAP. Etat : New. New Book. Shipped from UK. Established seller since 2000. N° de réf. du vendeur LW-9781330158494
Quantité disponible : 15 disponible(s)
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The Purchasing Power of Money
Vendeur : PBShop.store UK, Fairford, GLOS, Royaume-Uni
Évaluation du vendeur 5 sur 5 étoiles
PAP. Etat : New. New Book. Shipped from UK. Established seller since 2000. N° de réf. du vendeur LW-9781330158494
Quantité disponible : 15 disponible(s)
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The Purchasing Power of Money (Classic Reprint)
impression à la demandeVendeur : Forgotten Books, London, Royaume-Uni
Évaluation du vendeur 5 sur 5 étoiles
Paperback. Etat : New. Print on Demand. This book delves into the complex relationship between the purchasing power of money and the economic forces that shape it. It examines the fundamental principles that govern this relationship, including the quantity of money in circulation, its velocity of circulation, and the volume of trade. The author draws upon a rich historical context to analyze these factors, drawing connections to the debate surrounding the "quantity theory of money." This theory, which proposes a direct link between the amount of money and the price level, has been a source of heated discussions throughout history. The book explores the historical context of these debates, including their political and economic dimensions. Through a series of compelling arguments, the author seeks to illuminate the intricate dynamics at play in the determination of purchasing power. He challenges conventional wisdom and presents a nuanced perspective on the factors that influence the value of money. The insights presented in this book remain invaluable for understanding the complex relationship between money, trade, and the economy, providing a foundation for comprehending the enduring significance of monetary policy. 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. N° de réf. du vendeur 9781330158494_0
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