Articles liés à Modern Currency Reforms: A History And Discussion Of...
Modern Currency Reforms: A History And Discussion Of Recent Currency Reforms In India, Porto Rico, Philippine Islands, Straits Settlements And Mexico - Couverture rigide
Présentation de l'éditeur
His phenomena are too complex and too closely related to human welfare to permit of their reduction to simple elements and of the bringing together of these elements into different combinations so as to study the varying results. The facts of economic science must be studied in the complex forms in which they develop, and their development is usually slow. Such is particularly the case in monetary science, and one of the results is that this science is shot through and through with controversial problems. The nearest approach the economist has to the laboratory method in studying monetary problems is through the study of modern currency reforms. Here the phenomena are deliberately manipulated; entire currency systems of long years standing, upon which the business and the credit of millions of people have been based, systems in which prejudice and custom have wrought their work, are entirely transformed in a short period a few years or perhaps only a few months. A silver standard, as in Mexico, or a fiduciary standard, as in Porto Rico, is transformed into a gold standard; a fiduciary standard, as in the Philippine I slands, is transformed into a gold-exchange standard.
(Typographical errors above are due to OCR software and don't occur in the book.)
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Présentation de l'éditeur
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