12 Flux, Fall in Prices during the past Twenty Years. 



cheaper. Even if the estimates were so reliable as to 

 make the estimate worth computing the meaning of the 

 result would be questionable, for it would only include 

 the most obvious effect of causes the other effects of 

 which may easily be far more important and possibly 

 quite other in their nature. It is worth calling attention 

 to the fact that if it be true that the import price-fall is 

 over-estimated, that of exports under -estimated, the 

 growth of volume of imports is exaggerated, that of 

 exports insufficiently shown in the diagram. (Plate 15). 



