Excerpt from The General Movement of Prices The business man must use eternal vigil ance to keep himself informed, because the general level of prices is always changing, and although there are various agencies which make a practice Of furnishing periodic reports of the changes, such information may mean little to business men who do not under stand why each movement takes place, and who cannot distinguish between those resting on transient causes and those others which are likely to continue. Just as local showers ...
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Excerpt from The General Movement of Prices The business man must use eternal vigil ance to keep himself informed, because the general level of prices is always changing, and although there are various agencies which make a practice Of furnishing periodic reports of the changes, such information may mean little to business men who do not under stand why each movement takes place, and who cannot distinguish between those resting on transient causes and those others which are likely to continue. Just as local showers sometimes raise the level of a river, although a decrease in the annual rainfall of the val ley may at the same time be causing that river Slowly to dry up, so also there are two sets of causes operating upon the general level of prices, the transient ones and the persistent ones. The present study-unit deals with both sets, but more especially with the second. The tides are its theme, rather than the waves and ripples. About the Publisher Forgotten Books publishes hundreds of thousands of rare and classic books. Find more at ... This book is a reproduction of an important historical work. Forgotten Books uses state-of-the-art technology to digitally reconstruct the work, preserving the original format whilst repairing imperfections present in the aged copy. In rare cases, an imperfection in the original, such as a blemish or missing page, may be replicated in our edition. We do, however, repair the vast majority of imperfections successfully; any imperfections that remain are intentionally left to preserve the state of such historical works.
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