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The Stability of Prices

The Stability of Prices


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About the Book

This historic book may have numerous typos and missing text. Purchasers can download a free scanned copy of the original book (without typos) from the publisher. Not indexed. Not illustrated. 1889. Excerpt: ... flow of water along its course, but on the regularity of its flow and the stability of its bed, so the prosperity of a country is determined not by the aggregate produce of industry, but by regular production, stable prices and uniform distribution. Industry which does not conform to these conditions is not a blessing and may easily be one of the worst curses with which a nation could be afflicted. SECTION VI. Social Conditions Making Prices Stable. It would not be correct to conclude that because the natural conditions keeping prices stable are disappearing that the surplus revenue remains without any conditions determining its distribution. As soon as the natural causes operating in the environment of man cease to act beneficially and no longer supply the proper conditions for his development, there begin to arise in his social relations new causes which take the place of the natural ones and furnish a new basis for further progress. Nations gradually and unconsciously begin to make social changes to conform to new conditions just as soon as nature withdraws her protection by throwing them into new environments devoid of external security. Just as the development of our present means of shelter and clothing arose from the migration of man from semitropical regions where nature supplied the conditions for warmth, to more northern regions devoid of these conditions, so with any new transformation we must expect to see springing up some new social arrangement by which the evils resulting from the decrease of natural protection can be averted. We are now just beginning to adjust ourselves to that lack of natural protection which has in the past made prices stable, and along some lines enough progress has been made to reveal what industrial modifications are...


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Product Details
  • ISBN-13: 9781235686610
  • Publisher: General Books
  • Publisher Imprint: General Books
  • Height: 246 mm
  • No of Pages: 26
  • Spine Width: 1 mm
  • Width: 189 mm
  • ISBN-10: 1235686612
  • Publisher Date: 01 Feb 2012
  • Binding: Paperback
  • Language: English
  • Returnable: N
  • Weight: 68 gr


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