. Economic phenomena before and after war; a statistical theory of modern wars. y substituted by decline of consumption in rice begins in 1903with i2-i8 lb., and 12-15 in 1904 ; 1905 begins toapproach the former quantities. Consumption ofmutton rises to 10-63 in 1903, declines to 9-17 in 1904,and rises to 9-92 in 1905. Consumption of eggs risesto the maximum of 55-86 in 1903, falls to 55-59 in1904, 52-04 in 1905, 51-84 in 1906, and to 50-53 in1907. Besides this, we should remember the remark ofSir R. Giffen/ that although the South African Warhas caused a great disturbance of loc
. Economic phenomena before and after war; a statistical theory of modern wars. y substituted by decline of consumption in rice begins in 1903with i2-i8 lb., and 12-15 in 1904 ; 1905 begins toapproach the former quantities. Consumption ofmutton rises to 10-63 in 1903, declines to 9-17 in 1904,and rises to 9-92 in 1905. Consumption of eggs risesto the maximum of 55-86 in 1903, falls to 55-59 in1904, 52-04 in 1905, 51-84 in 1906, and to 50-53 in1907. Besides this, we should remember the remark ofSir R. Giffen/ that although the South African Warhas caused a great disturbance of local industries,greater in proportion to the industry of localities whichare the seat of war than any similar disturbance uponrecord, yet this war altogether has not caused anygreat disturbance because it has really been smallin proportion to the resources of the British although comparatively small, I was able totrace all the features of an approaching state of war ^ Sir R. Giffen, Some Economic Aspects of War. Econ. Journ., , p. 191. io8 ECONOMIC PHENOMENA w. CONSUMPTION AND WAR-EQUILIBRIUM 109 in the decline of the rate of natural increase, as wellas the rise in consumption, which harmonizes withthe theory treated in this essay. The period of recovery of equilibrium is differentfor different articles ; it depends on the length of thewar, or it is a function of time. The consumption index numbers in Table 21 showthat the years 1897 and 1898 are to be considered asa pre-war ascendmg period ; so consumption of wheatrose from 100 to no, of cocoa from 259 to 293, ofcotton from loi to 125, of meat from 118 to 120, ofsugar from 139 to 147, of tea from 135 to 136, oftobacco from 117 to 123, of wool from no to 127,of wine from 75 to 79, and of beer from 113 to consumption of coffee (69 and 69) and of currantsand raisins (109 and 109) is stationary, but that ofrice (83 and 73) and of spirits (86 and 67) is lower in1898 than in 1897. That may be due to compensato
Size: 1168px × 2139px
Photo credit: © The Reading Room / Alamy / Afripics
License: Licensed
Model Released: No
Keywords: ., boo, bookcentury1900, bookdecade1910, booksubjectworldwar19141918
