Principles of Political Economy with Some of Their Applications to Social Philosophy, Volume 2Appleton, 1893 - Economics |
From inside the book
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Page 19
... desire . Still , this is not the sort of thing required : for , of food , unless in expecta- tion of a scarcity , no one wishes to possess more at once , than is wanted for immediate consumption ; so that a per- son is never sure of ...
... desire . Still , this is not the sort of thing required : for , of food , unless in expecta- tion of a scarcity , no one wishes to possess more at once , than is wanted for immediate consumption ; so that a per- son is never sure of ...
Page 30
... desire , being for the thing itself , may be stronger or weaker ; and the amount of what people are willing to expend on it , being in any case a limited quantity , may be affected in very unequal degrees by difficulty or facility of ...
... desire , being for the thing itself , may be stronger or weaker ; and the amount of what people are willing to expend on it , being in any case a limited quantity , may be affected in very unequal degrees by difficulty or facility of ...
Page 56
... desires to receive payment sooner , draws a bill on his debtor payable in six months , and gets the bill discounted by a banker or other money - lender , that is , transfers the bill to him , receiving the amount , minus interest for ...
... desires to receive payment sooner , draws a bill on his debtor payable in six months , and gets the bill discounted by a banker or other money - lender , that is , transfers the bill to him , receiving the amount , minus interest for ...
Page 60
... desire , like other dealers , to stretch their operations beyond what can be carried on by their own means : they wish to lend , not their capital merely , but their credit , and not only such portion of their credit as consists of ...
... desire , like other dealers , to stretch their operations beyond what can be carried on by their own means : they wish to lend , not their capital merely , but their credit , and not only such portion of their credit as consists of ...
Page 70
... desire of the holders to realize , speculative purchases cease : but were this all , prices would only fall to the level from which they rose , or to that which is justified by the state of the con / sumption and of the supply . They ...
... desire of the holders to realize , speculative purchases cease : but were this all , prices would only fall to the level from which they rose , or to that which is justified by the state of the con / sumption and of the supply . They ...
Contents
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Common terms and phrases
100 days labour 17 yards advantage amount assignats bank notes Bank of England bankers bills of exchange book credits borrow bullion cheaper cheapness cheques circulation circumstances coin commerce consumers cost of carriage cost of production dealers debt depend depreciation diminished discounted duction equal equation of international equivalent exactly exchange value exist expense exports fall foreign commodities foreign countries France Germany gold and silver greater holders imports increase international demand international values issue issuers labour and capital land law of cost law of value less loans means medium mode modities obtain paid paper currency payments permanent person Poland portion pounds pounds sterling precious metals produce profit proportion purchasing power quantity of money rate of interest rise of prices seignorage sell shillings speculation supply supposed supposition theory things tion trade transactions value of money wages wanted whole yards of cloth yards of linen
Popular passages
Page 336 - I am not charmed with the ideal of life held out by those who think that the normal state of human beings is that of struggling to get on ; that the trampling, crushing, elbowing, and treading on each other's heels, which form the existing type of social life, are the most desirable lot of human kind, or anything but the disagreeable symptoms of one of the phases of industrial progress.
Page 395 - Every tax ought to be levied at the time or in the manner in which it is most likely to be convenient for the contributor to pay it.
Page 339 - V( there much satisfaction in contemplating the world with nothing left to the spontaneous activity of nature; with every rood of land brought into cultivation, which is capable of growing food for human beings ; every flowery waste or natural pasture ploughed up, all quadrupeds or birds which are not domesticated for man's use exterminated as his rivals for food, every hedgerow or superfluous tree rooted out, and scarcely a place left where a wild shrub or flower could grow without being eradicated...
Page 395 - The certainty of what each individual ought to pay is, in taxation, a matter of so great importance, that a very considerable degree of inequality, it appears, I believe, from the experience of all nations, is not near so great an evil as a very small degree of uncertainty.
Page 569 - Laisserfaire, in short, should be the general practice : every departure from it, unless required by some great good, is a certain evil.
Page 395 - Fourthly, by subjecting the people to the frequent visits and the odious examination of the tax-gatherers, it may expose them to much unnecessary trouble, vexation, and oppression...
Page 338 - Under this twofold influence, society would exhibit these leading features: a well-paid and affluent body of labourers; no enormous fortunes, except what were earned and accumulated during a single lifetime; but a much larger body of persons than at present, not only exempt from the coarser toils, but with sufficient leisure, both physical and mental, from mechanical details, to cultivate freely the graces of life, and afford examples of them to the classes less favourably circumstanced for their...
Page 189 - Gold and silver having been chosen for the general medium of circulation, they are, by the competition of commerce, distributed in such proportions amongst the different countries of the world, as to accommodate themselves to the natural traffic which would take place if no such metals existed, and the trade between countries were purely a trade of barter.
Page 340 - Hitherto it is questionable if all the mechanical inventions yet made have lightened the day's toil of any human being.
Page 396 - Equality of taxation, therefore, as a maxim of politics, means equality of sacrifice. It means apportioning the contribution of each person towards the expenses of government, so that he shall feel neither %more nor less inconvenience from his share of the payment than every other person experiences from his.