Stabilizing the Dollar: A Plan to Stabilize the General Price Level, Without Fixing Individual Prices (Classic Reprint)

Excerpt from Stabilizing the Dollar: A Plan to Stabilize the General Price Level, Without Fixing Individual Prices

The fundamental fact on which the proposal of this book is based is that the purchasing power of the dollar is uncertain and variable, that is, that the price level is unstable.

The war has caused the greatest upheaval of prices the world has ever seen. Inseparably connected with this upheaval is grave and world-wide industrial discontent. Because of this and because of the perplexity of business men as to future movement of prices, there has been much discussion going on of the question whether the level of war prices will drop or whether it can be stabilized.

To show that permanent stability can be secured is the chief aim of this book; and a specific and detailed plan for this purpose is presented.

The first sketch of this plan was published in 1911 (in my Purchasing Power of Money). It was later presented before the International Congress of Chambers of Commerce at Boston, September, 1912, and again before the American Economic Association, December, 1912. The plan was elaborated in the Quarterly Journal of Economics, February, 1913.

In October, 1917, I gave the Hitchcock lectures at the University of California, using much of the material published now, for the first time, in this book.

About the Publisher

Forgotten Books publishes hundreds of thousands of rare and classic books. Find more at www.forgottenbooks.com

Author: Irving Fisher

Binding: Paperback

EAN: 9781440054037

Condition: New

Manufacturer: Forgotten Books

Number of items: 1

Number of pages: 358

Product group: Book

Studio: Forgotten Books

Publication Date: 2016-11-17

Publisher: Forgotten Books

Pages: 358

ISBN: 1440054037

View this book in Amazon