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Gold Prices and Wages (Routledge Revivals) (Hardcover)
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Gold Prices and Wages (Routledge Revivals) (Hardcover)
Series: Routledge Revivals
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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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