The High Cost of Living, Changes in Gold-Production and the Rise in Prices (Classic Reprint) - Couverture souple

Kautsky, Karl

 
9781334471902: The High Cost of Living, Changes in Gold-Production and the Rise in Prices (Classic Reprint)

Synopsis

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Présentation de l'éditeur

The following is Kautsky schief contribution to a much discussed matter. The whole question of prices is very vexed, for, asK autsky says: It is no mere academic question, since anticipations as to the continuance of the rise in prices, as well as the operation of their causes, are very evidently dependent upon the point of view as to the reason of the rise in prices. We find everywhere, moreover, approximately the same differences of opinion which causes Kautsky to attack the conclusions of Varga. In England, for example. Professor Hobson has recently published a work entitled Gold, Prices and Wages. His thesis is that the recent increase in the supply of gold is not the main reason of the rise in prices; in fact, he is doubtful if it is a contributory reason. He attacks the idea that gold is the basis of credit and industry. He asserts that credit 18 not based upon gold but upon goods.
(Typographical errors above are due to OCR software and don't occur in the book.)

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