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Sinopsis
Unlocking the unemployment puzzle with a clear, evidence-based view of how production, prices, and money shape jobs.
In The Riddle of Unemployment, Charles Edward Pell lays out a practical framework for understanding why economies slip into recession and how policy can restore work. Drawing on early 20th‑century debates, the book argues that price movements and credit policy, rather than vague natural laws, drive booms and slumps. It explains how credit control, via the bank-rate, can stabilize employment and support social progress without risky schemes.
- See how the balance between production capacity, demand, and money flow affects job availability
- Learn why saving and investment can support employment rather than cause unemployment
- Understand the role of monetary policy, specifically the rate of discount, in keeping prices and jobs stable
- Compare different ideas about currency and how they influence real economic outcomes
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Reseña del editor
Excerpt from The Riddle of Unemployment and Its Solution
Mr Kitson has declared that both the explana tion and the remedy are so simple that even a schoolboy ought to be able to grasp them.' In this he is quite correct; but, unfortunately, he has not explained the matter in such a way that a schoolboy could understand it. His exposition of the cause has been obscured by various financial fallacies which it is part of the purpose of this book to correct, and his explanation of the cure is only half complete. He has sketched out accurately the ideal currency system, but has failed to suggest the most essential means for making that system effective, and, to make confusion worse con founded, has actually given in his allegiance to the Douglas scheme.
About the Publisher
Forgotten Books publishes hundreds of thousands of rare and classic books. Find more at www.forgottenbooks.com
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.
Reseña del editor
Excerpt from The Riddle of Unemployment and Its Solution
Many and various have been the explanations put forward of the great waves of unemployment which sweep through our modern industrial society at fairly regular intervals. Among them are sunspots, high wages, natural laws, too much saving, and the exhaustion caused by war. It would be rash to say that the sunspots explanation, though it requires little refutation, is the most untenable. All these explanations ignore the plainest facts of the situation. For instance, the highest wages are invariably paid when trade is at its best, and it is the countries of high wages which are the most prosperous. Moreover, the nominally high wages paid since the war are high only when expressed in paper. Real wages are very little higher than before the war, and the recent fall has been a fall in paper wages also. Expressed in gold it is probable that wages have changed little.
As for the exhaustion caused by the war, this explanation is absurd in every way.
About the Publisher
Forgotten Books publishes hundreds of thousands of rare and classic books. Find more at www.forgottenbooks.com
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.
"Sobre este título" puede pertenecer a otra edición de este libro.
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The Riddle of Unemployment and Its Solution (Classic Reprint)
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Paperback. Condición: New. Print on Demand. This book explores the riddle of unemployment and proposes a solution. Unemployment is a problem as old as society itself, yet it persists through periods of prosperity and peace and reaches its peak during economic downturns. The author argues that unemployment is caused by a fall in prices, which in turn results from a contraction of credit. The book presents a thorough analysis of the relationship between money and prices, challenging the conventional understanding of the quantity theory of money. The author delves into the history and mechanics of currency systems, demonstrating how the gold standard is flawed and leads to disastrous contractions of credit and consequent trade depressions. Proposing an alternative, the author outlines an ideal currency system that would prevent these problems and provide the revenues for social reforms. By understanding the root cause of unemployment and implementing the solutions proposed in this book, we can break the back of this persistent and devastating problem. This book is a reproduction of an important historical work, digitally reconstructed using state-of-the-art technology to preserve the original format. In rare cases, an imperfection in the original, such as a blemish or missing page, may be replicated in the book. print-on-demand item. Nº de ref. del artículo: 9781330636701_0
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The Riddle of Unemployment and Its Solution Classic Reprint
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PAP. Condición: New. New Book. Shipped from UK. Established seller since 2000. Nº de ref. del artículo: LW-9781330636701
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The Riddle of Unemployment and Its Solution Classic Reprint
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PAP. Condición: New. New Book. Shipped from UK. Established seller since 2000. Nº de ref. del artículo: LW-9781330636701
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The Riddle of Unemployment and Its Solution (Classic Reprint)
Impresión bajo demandaLibrería: Revaluation Books, Exeter, Reino Unido
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Paperback. Condición: Brand New. 232 pages. 8.98x6.02x0.55 inches. This item is printed on demand. Nº de ref. del artículo: zk1330636708
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The Riddle of Unemployment and Its Solution (Classic Reprint)
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Forgotten Books, 2015
ISBN 10: 1330636708
ISBN 13: 9781330636701
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Condición: Hervorragend. Zustand: Hervorragend | Sprache: Englisch | Produktart: Bücher | Keine Beschreibung verfügbar. Nº de ref. del artículo: 25828275/1
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