ISSN (Print) - 0012-9976 | ISSN (Online) - 2349-8846

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Income, Prices and Wages

Real Wages in Germany, 1871-1913 by Ashok V Desai; Oxford University
the tariff), their movements show a close correspondence with import prices. During the eighteen-eighties, when world prices fell, German wheat prices also moved downwards. What the Bismarc- kian tariff appears to have done was not to shut out foreign supplies of cereals (unlike the French Meline tariff) but to stimulate the agricultural innovations that Dasai describes in detail in chapter 6. At most, tariffs raised the internal scarcity price in years of bad harvest.

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