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 13
... lower animals . Case of women not analogous , 10. Case of contracts in perpetuity , 11. Cases of delegated management , . 573 . 577 . 581 582 12. Cases in which public intervention may be necessary to give effect to the wishes of the ...
... lower animals . Case of women not analogous , 10. Case of contracts in perpetuity , 11. Cases of delegated management , . 573 . 577 . 581 582 12. Cases in which public intervention may be necessary to give effect to the wishes of the ...
Page 30
... lower prices ; lower , too , in the pre- cise ratio in which the money was diminished . So that the value of money , other things being the same , varies inversely as its quantity ; every increase of quantity lowering the value , and ...
... lower prices ; lower , too , in the pre- cise ratio in which the money was diminished . So that the value of money , other things being the same , varies inversely as its quantity ; every increase of quantity lowering the value , and ...
Page 32
... lower , or the value of money higher . The essential point is , not how often the same money changes hands in a given time , but how often it changes hands in order to perform a given amount of traffic . We must compare the number of ...
... lower , or the value of money higher . The essential point is , not how often the same money changes hands in a given time , but how often it changes hands in order to perform a given amount of traffic . We must compare the number of ...
Page 33
... lowers them , is the most ele- mentary proposition in the theory of currency , and without it we should have no key to any of the others . In In any state of things , however , except the simple and primitive one . which we have ...
... lowers them , is the most ele- mentary proposition in the theory of currency , and without it we should have no key to any of the others . In In any state of things , however , except the simple and primitive one . which we have ...
Page 35
... lower the rate of interest ; and since this would disturb the relation previously existing between the rate of interest on capital in the country itself , and that in foreign countries , it would probably induce some of those who had ...
... lower the rate of interest ; and since this would disturb the relation previously existing between the rate of interest on capital in the country itself , and that in foreign countries , it would probably induce some of those who had ...
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.