 | 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...If it was only increased one-fourth, prices would rise one-fourth." He qualifies his dogma, however, in Chapter XIII. of the same book, when he discusses... | |
 | 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...If 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...If 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;... | |
 | 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...If it was only ' increased one-fourth, prices would rise one-fourth.' Having made these extremely precise statements, Mill goes on to explain that they... | |
 | 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...; if it was only increased one-fourth prices would rise onefourth — there would be one-fourth more money, all of which would be used to purchase goods... | |
 | 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...; if it was only increased one-fourth prices would rise onefourth — there would be one-fourth more money, all of which would be used to purchase goods... | |
 | 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...If it was only 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... | |
 | 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... | |
 | 1907 - 1108 страници
...the familiar processes of every-day life. John Stuart Mill's more or less qualified assertion that "if the whole money in circulation was doubled, prices would be doubled," may command assent as a philosophic principle, but the practical man has the right to know something... | |
 | Royal Society of Tasmania - 1896 - 458 страници
...gold did not regulate prices ; that the scarcity of gold had nothing to do with prices. Mill said that if the whole money in circulation was doubled prices would be doubled. Giffen, a greater authority than Bicardo — [Mr. JOHNSTON : He was not a political economist] —... | |
| |
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. 
