 | John Stuart Mill - 1904 - 626 страници
...Prices would have risen in a certain ratio, and the value of money would have fallen in the same ratio. It is to be remarked that this ratio would be precisely...increased, , /If the whole money in circulation was f doubled, prices would be doubled. If itl was only increased one-fourth, prices would rise one-fourth.... | |
 | Michigan. Bureau of Labor and Industrial Statistics - 1908 - 572 страници
...slump in prices was stayed. John Stuart Mill, a noted economist, worte early in the last century that "if the whole money in circulation was doubled, prices would be doubled." And this statement is now generally accepted as a fact, though there are so many cross-currents in... | |
 | Michael Flürscheim - 1909 - 290 страници
...says (Book III., Chapter VIII., par. 2 of his "Principles of Political Economy"): "If the value of money in circulation was doubled, prices would be...increased one-fourth, prices would rise one-fourth." He qualifies his dogma, however, in Chapter XIII. of the same book, when he discusses the effect of... | |
 | Hugo Bilgram, Louis Edward Levy - 1914 - 580 страници
...Prices would have risen in a certain ratio, and the value of money would have fallen in the same ratio. It is to be remarked that this ratio would be precisely...it was only increased one-fourth, prices would rise one fourth. . . . The value of money, other things being the same, varies inversely as its quantity;... | |
 | Lionel Danforth Edie - 1928 - 530 страници
...the increase of demand would reach all things equally and there would be a universal rise of prices. It is to be remarked that this ratio would be precisely...increased one-fourth, prices would rise one-fourth. The value of money, other things being the same, varies inversely as its quantity; every increase of... | |
 | 1912 - 538 страници
...demand ' for money, so the whole of the money constitutes the demand ' for goods ' ; and again : ' If the whole money in circulation ' was doubled, prices...increased one-fourth, prices would rise one-fourth.' Having made these extremely precise statements, Mill goes on to explain that they only refer to a '... | |
 | 1908 - 768 страници
...Prices would have risen in a certain ratio, and the value of money would have fallen in the same ratio. It is to be remarked that this ratio would be precisely...one-fourth prices would rise onefourth — there would be one-fourth more money, all of which would be used to purchase goods of some description. When there... | |
 | New Zealand Institute - 1908 - 762 страници
...Prices would have risen in a certain ratio, and the value of money would have fallen in the same ratio. It is to be remarked that this ratio would be precisely...one-fourth prices would rise onefourth — there would be one-fourth more money, all of which would be used to purchase goods of some description. When there... | |
 | 1896 - 538 страници
...Encyclopedia article by a few illustrations. The doctrine itself is thus forcibly laid down by Mill : " If the whole money in circulation was doubled, prices...increased one-fourth, prices would rise one-fourth." In the one case, the value of money would be halved ; in the other, it would be reduced to 80 per cent,... | |
 | Jared Sparks, Edward Everett, James Russell Lowell, Henry Cabot Lodge - 1875 - 500 страници
...offered for sale The money and the goods are seeking each other for the purpose of being exchanged Hence if the whole money in circulation was doubled, prices would be doubled ; if it was only increased one fourth, prices would rise one fourth.' Mr. Mill docs not appear to be aware of the fact that all... | |
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It is to be remarked that this ratio would be precisely that in which the quantity of money had been increased. If the whole money in circulation was doubled, prices would be doubled. If it was only increased one-fourth, prices would rise one-fourth. 
