THE MEASURE OF GOLD (1949)

Contains numerous tables, calculations, statsitics, datas, etc. With a two multiple folding tables showing "World Gold Production" from 1929-1948 (Appendix IV) and "Gold Movements United States (Net imports from or net exports to)" from 1934-1948 [with] "Net Capital Movement to U.S.A. since 2nd January, 1935" (Appendix VII). Chapter VII contains sections on International Monetary Fund, The International Bank for Reconstruction and Development, The International Trade Organization, The Anglo-American Loan and The "Marshall Plan" or The European Recovery Programme (E.R.P.).

Contents:

- PREFACE;
I. THE CENTRAL THESIS;
II. GOLD AND MONEY SUPPLY-THE CONCEPTS OF ACCOUNTING;
III. GOLD AND MONEY SUPPLY-THE DEFINITIONS OF ECONOMISTS;
IV. MONEY, INCOME AND CAPITAL;
V. THE CONCEPTS OF INFLATION AND DEFLATION AND THE OBJECTIVES OF MONETARY POLICY;
VI. STATISTICS OF GOLD, INCOME AND DEBTS;
VII. THE PROBLEMS OF BANKING LIQUIDITY (1914-1949);
VIII. THE MEASURE OF GOLD AND AGENDA FOR REFORMERS;

- APPENDIX:
I. Credit generation in its effect on balance sheets;
II. The relation between effective money and money income on certain assumptions;
III. Indifference rates in interest expectations;
IV. World Gold Production (1929-1949);
V. Gold in central banks and treasuries;
VI. Gold production and monetary stocks;
VII. Gold and capital movements to the United States;
VIII. National incomes (1938-1946);
IX. Money supply (1938-1946);
X. Public debt statistics;
XI. 1946 statistics compared with 1938 statistics;
XII. Dollar/Sterling exchange rates (1920-1948);
XIII. Monetary position of 50 countries, 1st January, 1933;
XIV. Dates of departure of countries from the Gold Standard;
XV. Par values of currencies in the international monetary fund;
XVI. Some changes in exchange rates against the U.S. dollar (September, 1949).

Professor Charles Rist, the famous French economist and former Deputy Governor of the Bank of France, in an advance review specially written for the December, 1949, issue of the South African Journal of Economics, comments:

"Dr. Busschau's book 'The Measure of Gold' is worthy of the widest attention."
"I hope it will attract the attention of all informed people and particularly that of the men who bear the heavy task of restoring international trade to the normal channels which have caused it to prosper in the past."
"His conclusions are of considerable practical importance, since the early restoration of economic prosperity in the world is dependent upon the acceptance or rejection of such conclusions by the govern-ments responsible for monetary policy."
"It is even more important today than ever before to examine his thesis closely, to assess its value, and not to reject it without countering it with decisive objections."

Original publisher's blue cloth with gilt lettering to the spine. Dust jacket; Text in English; Collation complete - Half-title, Title page, xi, 164 pages including the Index; Well preserved copy, the volume seems never been opened before. Dust jacket bumped to the extremities and age tanned. Binding is tight and firm, some bumping to the extremities, boards little bowed. Hinges and joint are whole and secure. Text block/pages in near fine condition, claen and very bright, no foxing or markings, only a slight yellowing. Free endpapers and half title pertly darkened by (assumed) ex-owner's library card. A sound copy.

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