Stabilizing the Dollar (Classic Reprint): A Plan to Stabilize the General Price Level, Without Fixing Individual Prices - Couverture souple

Irving Fisher

Couverture souple

ISBN 10 : 1440054037 ISBN 13 : 9781440054037

Editeur : Forgotten Books, 2018

Synopsis

A practical plan to steady prices and money, not by fixing every price, but by aligning the dollar with the value of a broad basket of goods. This clear, nontechnical exploration explains how a proposed monetary approach could keep the general price level stable without dictating prices item by item. It blends historical context, economic reasoning, and concrete steps for policymakers.

Written as a concise, accessible guide, the book lays out the core idea, the mechanics of adjusting the dollar’s weight, and why wholesale price trends matter most for a stable economy. It also examines potential objections and compares this plan with other approaches, offering readers a grounded view of how a price-stability strategy might work in practice.

• How stability could be achieved by tying the dollar to a carefully chosen index of wholesale prices


• Why wholesale price movements are more responsive and useful for guiding adjustments


• The role of indexes, measurement choices, and practical steps for implementation

Ideal for readers of economic history and policy proposals who want a clear picture of what stabilizing the dollar could involve and why it matters for everyday prices.

A propos du livre

Présentation de l'éditeur

The fundamental fact on which the proposal of this book is based is that the purchasing power of the dollar is uncertain and variable, that is, that the price level is unstable. The war has caused the greatest upheaval of prices the world has ever seen. Inseparably connected with this upheaval is grave and world-wide industrial discontent. Because of this and because of the perplexity of business men as to future movement of prices, there has been much discussion going on of the question whether the level of war prices will drop or whether it can be stabilized. To show that permanent stability can be secured is the chief aim of this book; and a specific and detailed plan for this purpose is presented. The first sketch of this plan was published in 1911 (in my Purchasing Power of Money). It was later presented before the International Congress of Chambers of Commerce at Boston, September, 1912, and again before the American Economic A ssociation, December, 1912. The plan was elaborated in the Quarterly Journal of Economics, February, 1913. In October, 1917, I gave the Hitchcock lectures at the University of California, using much of the material published now, for the first time, in this book.
(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. Read books online for free at www.forgottenbooks.org

Présentation de l'éditeur

Excerpt from Stabilizing the Dollar: A Plan to Stabilize the General Price Level, Without Fixing Individual Prices

The fundamental fact on which the proposal of this book is based is that the purchasing power of the dollar is uncertain and variable, that is, that the price level is unstable.

The war has caused the greatest upheaval of prices the world has ever seen. Inseparably connected with this upheaval is grave and world-wide industrial discontent. Because of this and because of the perplexity of business men as to future movement of prices, there has been much discussion going on of the question whether the level of war prices will drop or whether it can be stabilized.

To show that permanent stability can be secured is the chief aim of this book; and a specific and detailed plan for this purpose is presented.

The first sketch of this plan was published in 1911 (in my Purchasing Power of Money). It was later presented before the International Congress of Chambers of Commerce at Boston, September, 1912, and again before the American Economic Association, December, 1912. The plan was elaborated in the Quarterly Journal of Economics, February, 1913.

In October, 1917, I gave the Hitchcock lectures at the University of California, using much of the material published now, for the first time, in this book.

About the Publisher

Forgotten Books publishes hundreds of thousands of rare and classic books. Find more at www.forgottenbooks.com

Détails de l'édition

• Éditeur: Forgotten Books
• Date d'édition: 2018
• Langue: anglais
• ISBN 10: 1440054037
• ISBN 13: 9781440054037
• Reliure: Broché
• Nombre de pages: 357
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