The Purchasing Power of Money; Its Determination And Relation to Credit, Interest And Crises
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See Correa Moylan Walsh, The Measurement of General Exchange Value, New York and London (Macmillan), 1901 ; Bibliography, p. 555.
Sec. 3] THE BEST INDEX NUMBERS 209 desirable to determine the particular form and weighting best suited to this purpose as well as the best selection of prices to be included.
An index number which serves the purpose of measur- ing the appreciation or depreciation of loan contracts — or what is called "deferred payments" — evidently be- longs to the time rather than ...the place group of com- parisons. But to which if any of the three sub-groups (exchange, capital, or income) it most properly belongs is not at first clear. But, before considering this ques- tion and as a preliminary to finding the best index number for contracts between borrower and lender, we must arrive at some opinion as to what is the ideal basis for loan contracts.
In the first place, it should be pointed out that though there is a gain and loss there is not necessarily any "injustice" wrought because of a change in the level of prices.
What to read after The Purchasing Power of Money; Its Determination And Relation to Credit, Interest And Crises?
You can find similar books in the "Read Also" column, or choose other free books by Irving Fisher to read onlineMoreLess
To quickly assess the difficulty of the text, read a short excerpt:
See Correa Moylan Walsh, The Measurement of General Exchange Value, New York and London (Macmillan), 1901 ; Bibliography, p. 555.
Sec. 3] THE BEST INDEX NUMBERS 209 desirable to determine the particular form and weighting best suited to this purpose as well as the best selection of prices to be included.
An index number which serves the purpose of measur- ing the appreciation or depreciation of loan contracts — or what is called "deferred payments" — evidently be- longs to the time rather than ...the place group of com- parisons. But to which if any of the three sub-groups (exchange, capital, or income) it most properly belongs is not at first clear. But, before considering this ques- tion and as a preliminary to finding the best index number for contracts between borrower and lender, we must arrive at some opinion as to what is the ideal basis for loan contracts.
In the first place, it should be pointed out that though there is a gain and loss there is not necessarily any "injustice" wrought because of a change in the level of prices.
What to read after The Purchasing Power of Money; Its Determination And Relation to Credit, Interest And Crises?
You can find similar books in the "Read Also" column, or choose other free books by Irving Fisher to read onlineMoreLess
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