The Influence of the Gold Supply On Prices And Profits
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To quickly assess the difficulty of the text, read a short excerpt:
It is this price which it seems to me the dealers in the market have dimly in view when by implication they refer to a standard by which they pronounce the actual price to be ' too high ' or ' too low ' or ' what it ought to be.' I would define it as the price which suffices to adjust in the most advantageous way the existing supply and the existing demand pending the coming forward of fresh supplies from the sources of production." 42 THE GOLD SUPPLY ch.
The principle laid down by Professor Ca...irnes is obviously sound though his statement of it is, for my present purpose, less simple than it would have been if his sole object had been to indicate the law by which the market Price is determined, without attempting to show at the same time that the Price so determined is the Price at which it is most advantageous to the whole community that the article should be sold, and without taking into consideration the possibility of a portion of the stock being held over in view of a possible failure of future supplies.
What to read after The Influence of the Gold Supply On Prices And Profits?
You can find similar books in the "Read Also" column, or choose other free books by Barbour, David Miller, Sir, 1841- to read onlineMoreLess
To quickly assess the difficulty of the text, read a short excerpt:
It is this price which it seems to me the dealers in the market have dimly in view when by implication they refer to a standard by which they pronounce the actual price to be ' too high ' or ' too low ' or ' what it ought to be.' I would define it as the price which suffices to adjust in the most advantageous way the existing supply and the existing demand pending the coming forward of fresh supplies from the sources of production." 42 THE GOLD SUPPLY ch.
The principle laid down by Professor Ca...irnes is obviously sound though his statement of it is, for my present purpose, less simple than it would have been if his sole object had been to indicate the law by which the market Price is determined, without attempting to show at the same time that the Price so determined is the Price at which it is most advantageous to the whole community that the article should be sold, and without taking into consideration the possibility of a portion of the stock being held over in view of a possible failure of future supplies.
What to read after The Influence of the Gold Supply On Prices And Profits?
You can find similar books in the "Read Also" column, or choose other free books by Barbour, David Miller, Sir, 1841- to read onlineMoreLess
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