Economic Inquiries And Studies volume 1
Economic Inquiries And Studies volume 1
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In our eReader you can find the full English version of the book. Read Economic Inquiries And Studies volume 1 Online - link to read the book on full screen. Our eReader also allows you to upload and read Pdf, Txt, ePub and fb2 books. In the Mini eReder on the page below you can quickly view all pages of the book - Read Book Economic Inquiries And Studies volume 1
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— The Causes of the Fall. To a certain extent there is no doubt or mystery about the causes of so general a fall of price. They are the same as the often recognized causes of similar downward movements. When trade is Qrood a state of thmgs is created in which a downward movement of prices is sooner or later inevitable. A great stimulus has been given to production in certain favourite in- dustries; capital has been employed in creating new establishments, or in extending fixed works and plant; ...labourers have flocked into the trade, attracted by the high wages ; at a point the demand is found to be below the supply, the prices of the manufactured article be- come unremunerative, and in time the raw material and labour employed in the trade are at a discount. The fall is precipitated moreover by the inability of specu- lative holders of stocks to hold on in face of falling markets. At each new stage of the decline new sales become necessary, till there is apparently no limit to the fall, just as, before there seemed no limit to the rise.
What to read after Economic Inquiries And Studies volume 1?
You can find similar books in the "Read Also" column, or choose other free books by Robert Giffen to read onlineMoreLess
To quickly assess the difficulty of the text, read a short excerpt:
— The Causes of the Fall. To a certain extent there is no doubt or mystery about the causes of so general a fall of price. They are the same as the often recognized causes of similar downward movements. When trade is Qrood a state of thmgs is created in which a downward movement of prices is sooner or later inevitable. A great stimulus has been given to production in certain favourite in- dustries; capital has been employed in creating new establishments, or in extending fixed works and plant; ...labourers have flocked into the trade, attracted by the high wages ; at a point the demand is found to be below the supply, the prices of the manufactured article be- come unremunerative, and in time the raw material and labour employed in the trade are at a discount. The fall is precipitated moreover by the inability of specu- lative holders of stocks to hold on in face of falling markets. At each new stage of the decline new sales become necessary, till there is apparently no limit to the fall, just as, before there seemed no limit to the rise.
What to read after Economic Inquiries And Studies volume 1?
You can find similar books in the "Read Also" column, or choose other free books by Robert Giffen to read onlineMoreLess
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