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The Plan for a Compensated Dollar

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  • F. W. Taussig

Abstract

I. The plan, rigidly adhered to, would bring long-run stability of prices, 402. — But temporary oscillations, of unpredictable extent, would continue, 403. — Causes of uncertainty in the connection between quantity of coin and prices, 403. — II. Adoption of the plan by international agreement seems impossible, 407. — Nor would a single country be likely to adopt it, 410. — III. It is uncertain whether and how far general prices will continue to rise, 412. — The general public is uneasy chiefly about the rise in food prices, 413. — Present evils not unendurable, and the scheme not practicable, 416.

Suggested Citation

  • F. W. Taussig, 1913. "The Plan for a Compensated Dollar," The Quarterly Journal of Economics, President and Fellows of Harvard College, vol. 27(3), pages 401-416.
    • Handle: RePEc:oup:qjecon:v:27:y:1913:i:3:p:401-416.
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    File URL: http://hdl.handle.net/10.2307/1883371
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    Cited by:

    1. Richard C.K. Burdekin & Kris James Mitchener & Marc D. Weidenmier, 2012. "Irving Fisher and Price-Level Targeting in Austria: Was Silver the Answer?," Journal of Money, Credit and Banking, Blackwell Publishing, vol. 44(4), pages 733-750, June.
    2. repec:dau:papers:123456789/10190 is not listed on IDEAS
    3. Rebeca Gomez Betancourt & Jérôme de Boyer des Roches, 2013. "Origins and developments of Irving Fisher's compensated dollar plan," The European Journal of the History of Economic Thought, Taylor & Francis Journals, vol. 20(2), pages 261-283, April.

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