Word: giffen
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...first part of this century was a period of marked decline in prices, as is shown by the tables of Parker and Levi in which the price of flour is shown to have been reduced in 1865 to one quarter of that of 1800. Giffen, in his table published in 1885, shows the range of prices from 1839 to 1884 and makes the statement in his introduction, that the condition of the workingman has improved vastly, since the purchasing power of money has doubled and he is earning an increase in wages of from forty to sixty per cent. Comparing...
Seminary of Economics. Sir Robert Giffen on Prices in Relation to Material Progress in England. Mr. F. Atherton. University...
Seminary of Economics. Sir Robert Giffen on Prices in Relation to Material Progress in England. Mr. F. Atherton. University...
Best general references: F. W. Taussig, The Silver Situation in the U. S., part II. Robert Giffen, The Case Against Bimetallism. J. L. Laughlin, Quarterly Journal of Economics...
...multiple standard is difficult of attainment. Taussig, Silver Situation, p. 125. (c) Under national bimetallism the nation cannot be maintained. Laughlin, Hist. of Bimetallism, pp. 5-9. (d) International bimetallism is bad, because (1) Agreement cannot be reached. (2) If made, the agreement could not be maintained. R. Giffen, Pol. Sci. Qu., Sept. '93, p. 412. (3) If made and maintained, prices would rise, and injustice would be done to creditors...