Книга: Cassel Gustav «The nature and necessity of interest»

The nature and necessity of interest

Серия: "-"

Книга представляет собой репринтное издание. Несмотря на то, что была проведена серьезная работа по восстановлению первоначального качества издания, на некоторых страницах могут обнаружиться небольшие "огрехи" :помарки, кляксы и т. п.

Издательство: "Книга по Требованию" (2011)

Купить за 1308 руб в My-shop

Другие книги автора:

КнигаОписаниеГодЦенаТип книги
Germany's economic power of resistance, by Prof. Gustav CasselКнига представляет собой репринтное издание. Несмотря на то, что была проведена серьезная работа по… — Книга по Требованию, - Подробнее...2011686бумажная книга
The world's monetary problems two memorandaКнига представляет собой репринтное издание. Несмотря на то, что была проведена серьезная работа по… — Книга по Требованию, - Подробнее...2011680бумажная книга
Money and foreign exchange after 1914Книга представляет собой репринтное издание. Несмотря на то, что была проведена серьезная работа по… — Книга по Требованию, - Подробнее...20111311бумажная книга
Riksbanken Under Krisen, 1907-1908 (Swedish Edition)Книга представляет собой репринтное издание. Несмотря на то, что была проведена серьезная работа по… — Книга по Требованию, - Подробнее...2011682бумажная книга

Cassel, Gustav

▪ Swedish economist
in full  Karl Gustav Cassel 
born October 20, 1866, Stockholm, Sweden
died January 14, 1945, Djursholm?

      Swedish economist who gained international prominence through his work on world monetary problems at the Brussels Conference in 1920 and on the League of Nations Finance Committee in 1921.

      Cassel was educated at the University of Uppsala and Stockholm University and served as a professor of economics at the latter (1904–33). His most important contribution was his concept of purchasing power parity. For example, if a barrel of oil sells for $25 in the United States and if one dollar buys 105 yen, then a barrel of oil should sell for 2,625 yen in Japan (25 × 105). In short, there should be parity between the purchasing power of dollars in the United States and their exchange value in Japan.

      Cassel believed that, if an exchange rate was not at parity, it was in disequilibrium—either prices or the exchange rate would adjust until parity was again achieved. Parity would be ensured by arbitrage, a type of trade that is based on price differentials between international markets. Arbitrageurs typically buy low and sell high until the difference in prices is eliminated. Cassel's view is, strictly speaking, incorrect, because not all goods are internationally traded. Nevertheless, it is a useful starting point, especially when the rate of inflation is considered. If one country maintains a higher inflation rate than another, then purchasing power parity predicts that the country with the higher inflation rate will lose value relative to the other country's money.

      In 1933 Cassel was sent by the Swedish government to the World Economic Conference in London. He also represented Sweden at several meetings of the International Chamber of Commerce.

* * *

Источник: Cassel, Gustav

См. также в других словарях:

  • The Young and the Restless minor characters — The following are characters from the American soap opera The Young and the Restless who are notable for their actions or relationships, but who do not warrant their own articles. Contents 1 Current Characters 1.1 Genevieve …   Wikipedia

  • Spinoza: the moral and political philosophy — The moral and political philosophy of Spinoza Hans W.Blom Spinoza as a moral and political philosopher was the proponent of a radical and extremely consistent version of seventeenth century Dutch naturalism. As a consequence of the burgeoning… …   History of philosophy

  • Aufklärung (The German) and British philosophy — The German Aufklärung and British philosophy Manfred Kuehn INTRODUCTION The German Enlightenment was not an isolated phenomenon.1 It was closely connected with developments in other European countries and in North America. Like the thinkers in… …   History of philosophy

  • Interest — For other uses, see Interest (disambiguation). Interest is a fee paid by a borrower of assets to the owner as a form of compensation for the use of the assets. It is most commonly the price paid for the use of borrowed money,[1] or money earned… …   Wikipedia

  • HISTORICAL SURVEY: THE STATE AND ITS ANTECEDENTS (1880–2006) — Introduction It took the new Jewish nation about 70 years to emerge as the State of Israel. The immediate stimulus that initiated the modern return to Zion was the disappointment, in the last quarter of the 19th century, of the expectation that… …   Encyclopedia of Judaism

  • The Founding Myths of Israel — The Founding Myths of Israel: Nationalism, Socialism, and the Making of the Jewish State is a book by Zeev Sternhell. It was published in Hebrew in 1995, in French in 1996 and in English in 1998. The stated purpose of the book is an analysis of… …   Wikipedia

Поделиться ссылкой на выделенное

Прямая ссылка:
… Нажмите правой клавишей мыши и выберите «Копировать ссылку»