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" English commerce is the secret of its life ; for it contains the " propensity to variation," which, in the social as in the animal kingdom, is the principle of progress. "
Lombard Street: A Description of the Money Market - Page 11
by Walter Bagehot - 2007 - 404 pages
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The Economics of Industry

Alfred Marshall, Mary Paley Marshall - Economics - 1879 - 334 pages
...preventing "the long duration of great families of merchant princes.... But the propensity to variation in the social as in the animal kingdom is the principle of progress. " See Bagehot's Lombard Street, Introductory chapter. company is large, and it can afford to pay fairly...
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The Works of Walter Bagehot ..., Volume 5

Walter Bagehot - English literature - 1891 - 726 pages
...them. The rough and vulgar structure of English commerce is the secret of its life ; for it contains the " propensity to variation," which, in the social...go-between ; it is a sort of standing broker between [the] quiet saving districts of the country and the active employing districts. Why particular trades...
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A Short History of Political Economy in England: From Adam Smith to Arnold ...

Langford Lovell Price - Economics - 1891 - 226 pages
...London bankers and bill-brokers have their places of business. Lombard Street is, as Bagehot phrased it, the " great go-between." " It is a sort of standing...of the country and the active employing districts." It is the locality where, in an especial degree, we may say that the most "powerful and delicate part...
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Industry and Trade: A Study of Industrial Technique and Business ...

Alfred Marshall - Business - 1919 - 936 pages
...routine.... The rough and vulgar structure of English commerce is the secret of its life; for it contains ' the propensity to variation,' which, in the social...the animal kingdom, is the principle of progress" (Lombard Street, 1873, pp. 10, 11). But when such matters are discutsed to-day, Germany is seen to...
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Banking and Currency

William Jayne Weston - Banks and banking - 1922 - 356 pages
...our great industrial and manufacturing districts. Bagehot describes the relation : " Lombard Street is a sort of standing broker between quiet saving...of the country and the active employing districts. . . . There are whole districts in England which cannot and do not employ their own money. No purely...
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Industry and Trade: A Study of Industrial Technique and Business ...

Alfred Marshall - Antitrust law - 1927 - 966 pages
...routine.. ..The rough and vulgar structure of English commerce is the secret of its life; for it contains 'the propensity to variation,' which, in the social as in the animal kingdom, ia the principle of progress" (Lombard Street, 1873, pp. 10, 11). But when such matters are discussed...
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Victorian People: A Reassessment of Persons and Themes, 1851-67

Asa Briggs - History - 1975 - 368 pages
...that "the rough and vulgar structure of English commerce is the secret of its life; for it contains 'the propensity to variation,' which, in the social...the animal kingdom, is the principle of progress." For Trollope it was the impact of society and politics on personality and on personal notions of self-interest...
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Alfred Marshall: Critical Assessments

John Cunningham Wood - Business & Economics - 1993 - 534 pages
...follows, "The rough and vulgar structure of English commerce is the secret of its life; for it contains the 'propensity to variation,' which, in the social...the animal kingdom, is the principle of progress. "21 Marshall was both cautious and ambivalent on this issue. He concluded that prima facie, one could...
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Natural Images in Economic Thought: Markets Read in Tooth and Claw

Philip Mirowski - Business & Economics - 1994 - 640 pages
...rough and vulgar structure of English commerce is the secret of its life," he claimed, "for it contains the 'propensity to variation,' which, in the social...the animal kingdom, is the principle of progress" (196886, 9:49). 15 This was no simple statement that the fittest survived, as would be proclaimed by...
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Morality and the Market in Victorian Britain

Geoffrey Russell Searle - Business & Economics - 1998 - 328 pages
...stroctore of English commerce is the seeret of its life; for it comains 'the propensity to vatiation', which, in the social as in the animal kingdom, is the principle of progress."" The 'Darwinian' langoage of this passage is significam, representing as it does the hrotal 'yoo can't...
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