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Description - Gold Prices and Wages by J. A. Hobson

First published in 1913, this Routledge Revivals title reissues J. A. Hobson's seminal analysis of the causal link between the rise in gold prices and the increase in wages and consumer buying power in the early years of the Twentieth Century. Contrary to the assertions of some notable contemporary economists and businessmen, Hobson contended that the relationship between gold prices and wages (and the resulting social unrest across much of Europe) was in fact much more complex than it initially appeared and that there were significantly more important factors in the rise of contemporary wealth, such as the rapid enlargement of state enterprise and joint stock companies; a wide extension of banking and general financial apparatus; and the opening of profitable fields of investment for the development of underdeveloped countries, which helped raise the rate of interest and profits.

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Book Details

ISBN: 9780415590020
ISBN-10: 0415590027
Format: Paperback / softback
(198mm x 129mm x mm)
Pages: 182
Imprint: Routledge
Publisher: Taylor & Francis Ltd
Publish Date: 14-Mar-2011
Country of Publication: United Kingdom

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