Some Readings in Economics Prepared for the Use of Students in Course I Politi
Some Readings in Economics Prepared for the Use of Students in Course I Politi
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In our eReader you can find the full English version of the book. Read Some Readings in Economics Prepared for the Use of Students in Course I Politi 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 Some Readings in Economics Prepared for the Use of Students in Course I Politi
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Before this change the important markets were in the main independent of each other. To be sure, in all articles of international trade the conditions at all the sources of supply had their ultimate effect on distant values, and yet even in these cases the communication was so slow that the conditions might change entirely before their effect would be felt. Even the amount of international trade in such staples as cotton and wool, which for the earlier period was KCOXOMIC FUNCTION OF SPECULATIO...N 95 considerable, seems comparatively insignificant by the side of the enormous trade in those commodities to-day. In the main then it is true that the earlier markets were of a cir- cumscribed area ; that, save over long periods, the supply and demand within this limited area were the regulators of price, and that these local conditions were consequently the chief concern of even those merchants who dealt on a large scale. Under such circumstances these merchants bore the speculative risks as a part of their business, and were per- haps fully competent to cope with such risks as might arise.
What to read after Some Readings in Economics Prepared for the Use of Students in Course I Politi?
You can find similar books in the "Read Also" column, or choose other free books by F M Fred Manville Taylor to read onlineMoreLess
To quickly assess the difficulty of the text, read a short excerpt:
Before this change the important markets were in the main independent of each other. To be sure, in all articles of international trade the conditions at all the sources of supply had their ultimate effect on distant values, and yet even in these cases the communication was so slow that the conditions might change entirely before their effect would be felt. Even the amount of international trade in such staples as cotton and wool, which for the earlier period was KCOXOMIC FUNCTION OF SPECULATIO...N 95 considerable, seems comparatively insignificant by the side of the enormous trade in those commodities to-day. In the main then it is true that the earlier markets were of a cir- cumscribed area ; that, save over long periods, the supply and demand within this limited area were the regulators of price, and that these local conditions were consequently the chief concern of even those merchants who dealt on a large scale. Under such circumstances these merchants bore the speculative risks as a part of their business, and were per- haps fully competent to cope with such risks as might arise.
What to read after Some Readings in Economics Prepared for the Use of Students in Course I Politi?
You can find similar books in the "Read Also" column, or choose other free books by F M Fred Manville Taylor to read onlineMoreLess
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