Wages Vs. 16 To 1
In "Wages Vs. 16 To 1," John DeWitt Warner delves into the intricate relationship between wages and the controversial bimetallic ratio of 16 to 1. This historical analysis examines the economic arguments surrounding the proposed monetary policy of the late 19th century United States, particularly its potential impact on the working class.
Warner's work provides a detailed examination of wage theories prevalent during the era, contrasting them with the predicted outcomes of adopting a 16 to 1 silver-to-gold ratio. This book offers valuable insights into the economic debates that shaped American history and continue to resonate in discussions about monetary policy and labor economics today. A must-read for anyone interested in understanding the complexities of 19th-century American economic thought.
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