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Description of World Commodities and World Currency

A reissue of Benjamin Graham's visionary 1944 treatise, World Commodities and World Currency presents Graham's thoughts on the importance and growth of world commodity stabilization; its impact on world currency; the declining power of cartels; and his unique theory on stock-piling, which encouraged expansion and stability in a postwar economy. Stylishly packaged, this reissue is the second in the Benjamin Graham Classics series, and is sure to appeal to Benjamin Graham enthusiasts everywhere.

Title Information

ISBN:

9780070248069

Pages:

192 pages

Format:

Hardback

Product Code:

9970

Publisher:

McGraw-Hill Professional

Published:

01/07/1998

Edition:

New edition

Press and Industry Reviews

'Graham's ideas ... formed a framework of thinking about the stock market that has inspired the investment community for nearly a century.' Smart Money

'Graham's method of investing is as relevant today as it was when he first espoused it during the Roaring Twenties.'
Investor's Business Daily

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Contents of World Commodities and World Currency

Preface
1. The Problem of Raw Materials
2. The Issue of Cartels versus Free Production
3. The Paradox of the Stockpile
4. Former Solutions for the Raw Materials Problem
5. A Specific Proposal for International Stabilization of
Raw Materials
6. Composite Stabilization versus Individual Stabilization
7. The Criteria of a Satisfactory Commodity Unit
8. Commodity Stability and Currency Stability
9. Commodities, Gold and Credit as World Money
10. Commodity-unit Stabilization and Other Economic Thinking

Notes
Appendix I. Data Re World Production and Exports of Raw Materials
Appendix II. Relative Price Movements within and without the Proposed Commodity Unit
Appendix III. The Storage Aspect of Commodity-reserve Currency
Appendix IV A. Commodity Reserve Currency: A Critique
Appendix IV B. The Critique of Commodity-reserve Currency: A Point-by-point Reply
Appendix IV C. The Objective of International Price Stability
Appendix IV D. The Objective of Long-term Price StabilityIndex