The Standard of Value
The Standard of Value
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In our eReader you can find the full English version of the book. Read The Standard of Value 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 The Standard of Value
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Exactly similar changes might be produced by important countries altering their Standard of Value and thereby increasing or reducing the demand for a metal used as the Standard of Value.
If Appreciation within a short period were very serious, long term contracts would simply be repudiated, and, after a period of disturbance and suffering, a new equilibrium would probably be established.
Solon, as part of his Seisactheia, or shaking off of burdens, reduced all debts by debasing the Athenian Sta...ndard of Value to the extent of 27 per cent. We do not know whether the reduction was rendered expedient in any degree by Appreciation of the Standard of Value but we have seen a reduction of rents in our own time by operation of law owing to the fall in the prices of agricultural produce, mainly caused by cheaper production in foreign coun- tries, but aggravated by special and unusual demands for gold which were of sufficient magnitude to produce an appreciable effect on the Purchasing Power of the Standard of Value.
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To quickly assess the difficulty of the text, read a short excerpt:
Exactly similar changes might be produced by important countries altering their Standard of Value and thereby increasing or reducing the demand for a metal used as the Standard of Value.
If Appreciation within a short period were very serious, long term contracts would simply be repudiated, and, after a period of disturbance and suffering, a new equilibrium would probably be established.
Solon, as part of his Seisactheia, or shaking off of burdens, reduced all debts by debasing the Athenian Sta...ndard of Value to the extent of 27 per cent. We do not know whether the reduction was rendered expedient in any degree by Appreciation of the Standard of Value but we have seen a reduction of rents in our own time by operation of law owing to the fall in the prices of agricultural produce, mainly caused by cheaper production in foreign coun- tries, but aggravated by special and unusual demands for gold which were of sufficient magnitude to produce an appreciable effect on the Purchasing Power of the Standard of Value.
What to read after The Standard of Value?
You can find similar books in the "Read Also" column, or choose other free books by David Miller Barbour to read onlineMoreLess
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