Page:Indian Journal of Economics Volume 2.djvu/49

ART OF ECONOMIC DEVELOPMENT calculated ? a series of index numbers as follows: 89 No. 1878 100 1888 116 1908 128 1874 99 1889 121 1904 125 1875 108 1890 121 1905 184 1876 107 189? 128 1906 188 1877 108 189fl 120 1907 189 1878 104 1898 121 1908 160 1879 108 1894 121 1909 158 1880 110 1895 128 1910 ? 155 1881 109 1896 122 1911 168 1882 109 1897 121 1912 168 1888 112 1898 125 1918 170 1884 118 1899 122 1914 178 1885 118 1900 182 1915 181 1886 114 1901 127 1916 185 1887 115 1902 124 These index numbers of wages are also plotted in the diagram (p. 41) together with the graphs of Indian prices, and are distinguished by ? broken line. Inspection ,f the graph of prices in England (opposite nex? page) shows the following secular movements :,.. Periods 1789 to 1809 1809 to 1849 1850 to 1878 1878 to 1896 1896 to 1917 Rising Prices Years 20 28 Falling Prices Years 40 28 21 I With the assistance of Mr, Pritam Blngh, Reader in Economies in the University of Allahabad,' s From 187S to 1909 the following series of figur? were taken from P?qces ,an,d Wa?e? i? Ind/a :--Masons, oarpenters, and blacksmiths at Amrit,?ar, Rawalpin&, zihua, Ka?achl, Bakarganj, Carpenters: Lahore; ?rpenters and masons- brioklayers, Bmhmini Baitam/Div,, Orlssa canals, Skilled labor, E, I, It., Cawnpore, Delhi, Fitters, I?bore, N,W,tt, Stone cutters, Orissa canals. Agricultural labor; Amrit?r, Rawalpindi, Ahme?abad, Unskilled labor: Lahore, Cawnpore, Delhi; Oris?a mnals, B, B. and Mahanadi, From 1910 onwards those shown in itallc? in the foregoing list were dlsoontlnaed, and the first five were substituted by postmen at Aligarh, Pashawar, AhmedalmA, Karachi and Bakarg?nj repectively, No sub?tutlon was nmAe for the agricultural laborers, so that from 1910-12 the index number is the mean of 18 mt?, from 191?-?5 of 17 rates, and in 1916 of l?J rates,