• Login
    View Item 
    •   UZ eScholar Home
    • Faculty of Social and Behavioural Sciences
    • Social Sciences Research , IDS UK OpenDocs
    • View Item
    •   UZ eScholar Home
    • Faculty of Social and Behavioural Sciences
    • Social Sciences Research , IDS UK OpenDocs
    • View Item
    JavaScript is disabled for your browser. Some features of this site may not work without it.

    The Case for a Rhodesian Gold Subsidy

    Thumbnail
    Date
    1967-12
    Author
    Walker, R.S.
    Type
    IDS Discussion Paper
    Metadata
    Show full item record

    Abstract
    I wish to divide my paper into three sections. First, it is necessary to deal with the position which gold occupies in the world. Secondly, I propose to relate this world position to Rhodesia and leading on from these two considerations I then wish to explain how I think a gold subsidy could be operated in this country. I propose to consider gold as money. It is true that the industrial use of gold is on the increase throughout the world and the special properties of this metal will no doubt result in an ever increasing industrial application because of its very special qualities. As modem industrial requirements become increasingly precise and sophisticated the indestructibility, malleability and high conductivity of gold will become industrially ever more important even at the high price which must be paid for it. John Lock defined money as “Some useless thing that men desire but which is useless in relation to living needs.” In other words Lock considered that money must be precious and ever since the beginning of time men have regarded gold as precious and desirable for itself. This in an emotional conviction rather than a rational idea but it is all the more real because it is based on emotion. In the most troubled and politically disturbed parts of the world today when ordinary people have lost confidence in almost every other means of exchange, gold retains its value and in many cases increases its value greatly. During the last war, agents parachuted into the Balkans and the Middle East were invariably supplied with gold and this was accepted for its value by friend and enemy alike.
    Full Text Links
    Walker, R.S. (1967) The Case for a Rhodesian Gold Subsidy. The Rhodesian Journal of Economics (RJE), vol. 1, no.2, (pp. 23-33). UR (now UZ), Salisbury (now Harare): RES.
    http://opendocs.ids.ac.uk/opendocs/handle/123456789/6985
    URI
    http://hdl.handle.net/10646/2465
    Publisher
    Rhodesian Economic Society (RES). University of Rhodesia (now University of Zimbabwe.)
    Subject
    Economic Development
    Industrial Development
    xmlui.dri2xhtml.METS-1.0.item-rights
    http://creativecommons.org/licenses/by-nc-nd/3.0/

    University of Zimbabwe (UZ) (formerly University College of Rhodesia)
    Collections
    • Social Sciences Research , IDS UK OpenDocs [1048]

    University of Zimbabwe: Educating To Change Lives!
    DSpace software copyright © 2002-2020  DuraSpace | Contact Us | Send Feedback
     

     

    Browse

    All of UZ eScholarCommunities & CollectionsBy Issue DateAuthorsTitlesSubjectsThis CollectionBy Issue DateAuthorsTitlesSubjects

    My Account

    LoginRegister

    Statistics

    View Usage StatisticsView Google Analytics Statistics

    University of Zimbabwe: Educating To Change Lives!
    DSpace software copyright © 2002-2020  DuraSpace | Contact Us | Send Feedback