Principles of Political Economy: With Some of Their Applications to Social Philosophy |
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Page xii
... land can pay rent except land of such quality or situation , as exists in less quantity than the demand 255 3. The rent of land consists of the excess of its return above the return to the worst land in cultivation 257 4. — or to the ...
... land can pay rent except land of such quality or situation , as exists in less quantity than the demand 255 3. The rent of land consists of the excess of its return above the return to the worst land in cultivation 257 4. — or to the ...
Page 17
... land bears a price is simply the limitation of its quantity , and that if air , heat , electricity , chemical agencies , and the other powers of nature employed by manufacturers , were sparingly supplied , and could , like land , be ...
... land bears a price is simply the limitation of its quantity , and that if air , heat , electricity , chemical agencies , and the other powers of nature employed by manufacturers , were sparingly supplied , and could , like land , be ...
Page 18
... land favourably situa- ted with regard to markets or means of carriage , is generally limited in quantity : there is not so much of it as persons would gladly occupy and culti- vate , or otherwise turn to use . In all old countries , land ...
... land favourably situa- ted with regard to markets or means of carriage , is generally limited in quantity : there is not so much of it as persons would gladly occupy and culti- vate , or otherwise turn to use . In all old countries , land ...
Page 36
... land itself , and not for improvements made in it by labour , is not a productive expenditure . It is not an outlay for the support of labour , or for the provision of implements or materials the produce of labour . It is the price paid ...
... land itself , and not for improvements made in it by labour , is not a productive expenditure . It is not an outlay for the support of labour , or for the provision of implements or materials the produce of labour . It is the price paid ...
Page 38
... land , receives the returns in the nominal form of increased rent ; and the mortgage entitles A to receive from these returns , in the shape of in- terest , such annual sum as has been agreed on . We will now vary the cir- cumstances ...
... land , receives the returns in the nominal form of increased rent ; and the mortgage entitles A to receive from these returns , in the shape of in- terest , such annual sum as has been agreed on . We will now vary the cir- cumstances ...
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Common terms and phrases
accumulation Adam Smith advantage agricultural amount capital capitalist causes circulating capital commodity competition condition considerable consumed consumption cost crease cultivation degree demand depend diminished division of labour duce duction ductive effect employment England equal exertion existing expense farmer favourable flax France funds greater human hundred quarters improvement increase individual industry Ireland kind labouring classes land landlord less limited mankind manufacture manure material means ment metayer mode nations natural agents necessary obtained occupation operations paid peasant peasant proprietors persons plough Political Economy Poor Law population portion possession present principle productive labourers productive power profit proportion quantity racter rate of profit remuneration render rent require saving small farms society soil subsistence sufficient sumers supply suppose surplus tained taxes things tical tion tivation tive unless unproductive wages wealth whole
Popular passages
Page 483 - The subjects of every state ought to contribute towards the support of the government, as nearly as possible, in proportion to their respective abilities; that is, in proportion to the revenue which they respectively enjoy under the protection of the state.
Page 573 - Letting alone, in short, should be the general practice : every departure from it, unless required by some great good, is a certain evil.
Page 556 - The only case in which, on mere principles of political economy, protecting duties can be defensible, is when they are imposed temporarily (especially in a young and rising nation) in hopes of naturalizing a foreign industry, in itself perfectly suitable to the circumstances of the country.
Page 128 - If, therefore, the choice were to be made between Communism with all its chances, and the present state of society with all its sufferings and injustices; if the institution of private property...
Page 575 - Now any wellintentioned and tolerably civilized government may think without presumption that it does or ought to possess a degree of cultivation above the average of the community which it rules, and that it should therefore be capable of offering better education and better instruction to the people, than the greater number of them would spontaneously demand. Education, therefore, is one of those things which it is admissible in principle that a government should provide for the people.