Purchasing power

About: Purchasing power is a research topic. Over the lifetime, 2714 publications have been published within this topic receiving 36866 citations. The topic is also known as: adjusted for inflation.

Bangladesh as the “next frontier”? Positioning the nation in a global financial hierarchy

Abstract: In this article, I examine the relationship between the speculative projects embarked upon by young entrepreneurs and bankers in Dhaka during 2013, and the attempts made by analysts and nation-branding experts to present Bangladesh as a worthy “frontier” for speculative foreign investment. In order to induce others to speculate on their visions for Bangladesh, they variously positioned the nation via reference to the ratings imposed on it by credit rating agencies, the emergence of regional hegemons including members of the brics, and the apparent decline of “formerly” developed European nations. As purchasing power comes to mark a nation’s position within a hierarchical global market, nationhood comes to be recast as consumer-citizenship. The speculative imaginaries projected by these entrepreneurs, bankers and nation-branding experts have the capacity to both reinforce and rework the hierarchies into which “frontier” nations are routinely placed by analysts in global financial centres.

Money, method, and the market process - essays.

Abstract: Method.- 1. Social Science and Natural Science.- 2. The Treatment of "Irrationality" in the Social Sciences.- 3. Epistemological Relativism in the Sciences of Human Action.- Money.- 4. The Position of Money among Economic Goods.- 5. The Non-Neutrality of Money.- 6. The Suitability of Methods of Ascertaining Changes in Purchasing Power for the Guidance of International Currency and Banking Policy.- 7. The Great German Inflation.- 8. Senior's Lectures on Monetary Problems.- Trade.- 9. The Disintegration of the International Division of Labor.- 10. Autarky and its Consequences.- 11. Economic Nationalism and Peaceful Economic Cooperation.- 12. The Plight of the Underdeveloped Nations.- Comparative Economic Systems.- 13. Capitalism versus Socialism.- 14. On Equality and Inequality.- 15. The Clash of Group Interests.- 16. A Hundred Years of Marxian Socialism.- 17. Observations on the Russian Reform Movement.- 18. Observations on the Cooperative Movement.- 19. Some Observations on Current Economic Methods and Policies.- Ideas.- 20. The Role of Doctrines in Human History.- 21. The Idea of Liberty is Western.

The Meaning of Money in the Great Depression

Abstract: The quality of the money stock declined during the banking crises of the early 1930s. Bank deposits did not serve as a secure short- term store of purchasing power for use in an emergency as well as they had previously, and during the periods of restricted deposits in late 1932 and early 1933, bank deposits could not fulfill their basic function of being a medium of exchange. This paper presents some evidence to show that the decline in the quality of the money stock contributed to the severity of the contraction.

Integrating Cost-of-Disease Studies into Purchasing Power Parities (PPP)

Abstract: The OECD aging-related diseases (ARD) study contains information on the cost of specific treatments for heart disease, strokes, and breast cancer. I have been asked to review whether such data on cost of disease treatments are appropriate for improving Purchasing Power Parity (PPP) measures for medical care. The short answer is: cost of treatment information is exactly the information that is needed, in principle. However, the information in the ARD studies might need a little refinement. The rest of this paper explains.