The Purchasing Power of Money; Its Determination and Relation to Credit, Interest and Crises . By Irving Fisher, assisted by Harry G. Brown. New York, The Macmillan Company. 1911. Pp. xxii + 505.

RareBooksClub. Paperback. Book Condition: New. This item is printed on demand. Paperback. 142 pages. Dimensions: 9.7in. x 7.4in. x 0.3in.This historic book may have numerous typos and missing text. Purchasers can usually download a free scanned copy of the original book (without typos) from the publisher. Not indexed. Not illustrated. 1920 edition. Excerpt: . . . for by the increasing volume of trade and the successive demonetization of silver by various countries. The foregoing parallelism between monetary stocks and prices is somewhat remarkable in view of the incompleteness of the data. 1 In the table there are lacking, not only exact statistics as to the volume of trade and all statistics whatever of velocity of circulation, but also statistics of the volume of bank notes, government notes, and deposit currency. We know, however, that modern banking, which had scarcely developed at all before the French Revolution, developed rapidly throughout the nineteenth century. It is also known that banking and deposit currency developed more rapidly during the third period in the table (1849-1873) than during the fourth (1873-1896), 2 which fact contributes somewhat to explain the contrast between the price movements of these two periods. 4 We may, therefore, summarize the...