Phillips, 1896); A Brief Introduction to the Infinitesimal Calculus (1897); The Nature of Capital and Income (1906); The Rate of Interest 0907); National Vitality (1909); The Purchasing Power of Money (1911); Elementary Principles of Economics (1913); Why is the Dollar Shrinking?
Meantime, the purchasing power of the dollar which the railway company receives for a specified service is gradually growing smaller, owing to the general increases year by year in wages and in the cost of material.
Too many causes operated in favour of their depreciation: the enormous issue, the uncertainty as to their value if the Revolution should fail, the relation they bore to both specie and commodities, which retained their value and refused to be exchanged for a money of constantly diminishing purchasing power.
Salted fish forms, along with boiled rice, one of the chief articles of food among the Burmese; and as the price of salted fish is gradually rising along with the prosperity and purchasing power of the population, this industry is on a very sound basis.
It would appear that the purchasing power of the inhabitants of India has increased of late years, and there is a growing demand for refined sugar, fostered by the circumstance that modern processes of manufacture can make a quality of sugar, broadly speaking, equal to sugar refined by animal charcoal, without using charcoal, and so the religious objections to the refined sugars of old days have been overcome.