Investigations in Currency & Finance
This historic book may have numerous typos and missing text. Purchasers can download a free scanned copy of the original book (without typos) from the publisher. Not indexed. Not illustrated. 1909 edition. Excerpt: ... Carrington, F.R.S., and in his standard work upon the sun, he gave a diagram comparing the price of corn with the sun-spot curve during portions of the last and present centuries. Between the phenomena as thus treated there is no apparent correspondence sufficient to found any conclusions on. Mr. A. Schuster, of the Owens College, has since then ingeniously pointed out that the years of good vintage in Western Europe have occurred at intervals somewhat approximating to eleven years, the average length of the principal sun-spot cycle. The correspondence appeared to him sufficiently close to afford some evidence of connection. It might seem easy to decide whether any such dependence exists or not by taking tables of prices, such as those given in Tooke's "History of Prices," and observing whether there is any tendency to fluctuate in a similar manner at intervals of eleven years. During the last hundred years, however, the prices of grain and all other commodities have been greatly affected by all kinds of political and social events. There have been great wars, great industrial discoveries, and great inventions. The currencies of the principal nations have been, at two or more distinct times, revolutionised by the introduction of paper currency, which, by driving out specie, has produced enormous fluctuations in the values of the precious metals, t even greater than the variations due to the vast discoveries " Observations of the Spots on the Sun from November 9th, 1853, to March 24th, 1861." 1863, 4to. Williams & Norgate. See plate 166, at the end of the volume, and pp. 247, 248, where Carrington made the following remark: "I attach no importance to the wheat diagram, but data of this kind were employed in an...
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- 189 x 246 x 6mm | 227g
- 26 Jun 2012
- Illustrations, black and white