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An Introduction to the Study of Prices (Classic Reprint)

An Introduction to the Study of Prices (Classic Reprint)

1450 руб.
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Excerpt from An Introduction to the Study of Prices

The first edition of this book was published more than twenty years ago as one of a series of textbooks designed for the use of classes organised by the Workers' Educational Association. While making no attempt to deal exhaustively with monetary theory or to compete with more ambitious histories of prices, it sought (i) to give the reader in as simple a way as possible a sufficient background of theory to enable him to understand the causes which determine the purchasing power of money, and (ii) to familiarise him with the actual course of prices since the Napoleonic wars. As its name implied, it was merely an introduction to a subject about which the public was beginning to ask questions because of an upward tendency in the cost of living, and of the industrial friction which resulted from it. The continuous demand for the book on the part of students has shown that the method fulfilled its purpose.

In the meantime, however, the shock of great events has produced price disturbances on an unprecedented scale, which have patently influenced the daily lives of millions, reduced many to penury and distress, and led to social and political upheaval. The problem of the price-level has, therefore, been forced into the very forefront of public controversy, and an exposition of the subject by reference to the slowly moving curves of the nineteenth century has been made to appear very much like Hamlet without the Prince of Denmark.

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