Investigations in Currency and FinanceMacmillan and Company, 1884 - 428 ページ |
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alteration amount arithmetic mean Bank of England Bankers bankruptcies bimetallism bullion capital causes cent Cernuschi circulation commercial fluctuations commodities compared Conduitt corn course crises crisis curve decennial demand deposits depreciation of gold diagram doubt drain Economist effect Essay estimate Exchange exported fact fall famines in India foreign France gold and silver gold coin gold coinage gold currency gold discoveries gold standard Government grain half-sovereigns increase India inquiry International Jevons Jour la Monnaie labour logarithmic London Lord Liverpool Manchester Statistical Society ment millions Moné Monetary Monnaies nations natural Newton notes October paper currency Paris payments period precious metals present Private probably produce proportion quantity rate of discount ratio recoinage remarkable Report reprinted result Richard Cantillon rise of prices seignorage silver coin sovereigns standard of value Statistical Society sun-spot supply of gold tables theory tion Tooke's trade value of gold week weight Wolowski
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358 ページ - I say, that when this man hath subducted his seed out of the proceed of his Harvest, and also, what himself hath both eaten and given to others in exchange for Clothes, and other Natural necessaries; that the remainder of Corn is the natural and true Rent of the Land for that year; and the medium of seven years, or rather of so many years as makes up the Cycle, within 25 which Dearths and Plenties make their revolution, doth give the ordinary Rent of the Land in Corn.
xxiv ページ - I have long aimed at) to express myself in Terms of Number, Weight or Measure; to use only Arguments of Sense, and to consider only such Causes, as have visible Foundations in Nature...
358 ページ - Seed wherewith to sowe the same. I say, that when this man hath subducted his seed out of the proceed of his Harvest, and also, what himself hath both eaten and given to others in exchange for Clothes, and other Natural necessaries; that the remainder of Corn is the natural and true Rent of the Land for that year...
118 ページ - Transactions for 1798 (part i, p. 176), it was proposed, more than thirty years ago, -to correct the legal standard of value (or at least, to afford to individuals the means of ascertaining its errors), by the periodical publication of an authentic price current, containing a list of a large number of articles in general use, arranged in quantities corresponding to their relative consumption, so as to give the rise or fall, from time to time, of the mean of prices; which will indicate, with all the...
331 ページ - ... the same proportion to the silver money in England, which it hath to silver in the rest of Europe, there would be no temptation to export silver rather than gold to any other part of Europe. And to compass this last, there seems nothing more requisite than to take off about IQd.
211 ページ - The mean duration of the period at which I arrive is therefore almost exactly that which Dr. Lament had previously obtained, or 10-45 years." Judging this close coincidence of results according to the theory of probabilities, it becomes highly probable that two periodic phenomena, varying so nearly in the same mean period, are connected as cause and effect.
313 ページ - IT may be safely said that the question of bimetallism is one which does not admit of any precise and simple answer. It is essentially an indeterminate problem. It involves several variable quantities and many constant quantities, the latter being either inaccurately known or in many cases altogether unknown. The present annual supply of gold and of silver are ascertained with fair approach of certainty, but the future supplies are matter of doubt.
227 ページ - A series of this sort is not, like a chain, as weak as its weakest part ; on the contrary, the strong parts add strength to the weak parts. In spite, therefore, of the doubtful existence of some of the crises, as marked in the list, I can entertain no doubt whatever that the principal commercial crises do fall into a series having the average period of about 10'466 years.
100 ページ - But in itself gold-digging has ever seemed to me almost a dead loss of labour as regards the world in general - a wrong against the human race, just such as is that of a government against a people in over-issuing and depreciating its own currency.
221 ページ - ... panics, and so forth, yet do exhibit a remarkable tendency to recur at intervals approximating to ten or eleven years. Thus, the principal commercial crises have happened in the years 1825, 1836-39, 1847, 1857, 1866, and I was almost adding 1879, so convinced do I feel that there will, within the next few years, be another great crisis. Now, if there should be, in or about the year 1879, a great collapse comparable with those of the years mentioned, there will have been five such occurrences...