Principles of Political Economy, with Some of Their Applications to Social Philosophy, Volume 2D. Appleton, 1896 - Economics |
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Page 63
... France , or any other country in which , the habit and the disposition to give credit not being so generally diffused , these " economizing expedients , " as they have been called , are not practised to the same extent . What becomes of ...
... France , or any other country in which , the habit and the disposition to give credit not being so generally diffused , these " economizing expedients , " as they have been called , are not practised to the same extent . What becomes of ...
Page 95
... France . They were , in fact , orders or assignments on this mass of land . The revo- lutionary government had the idea of " coining " these lands into money ; but , to do them justice , they did not originally contemplate the immense ...
... France . They were , in fact , orders or assignments on this mass of land . The revo- lutionary government had the idea of " coining " these lands into money ; but , to do them justice , they did not originally contemplate the immense ...
Page 128
... France , Germany , or Switzerland , capital moves perhaps almost as readily as to the colonies ; the differences of language and government being scarcely so great a hindrance as climate and distance . To countries still barbarous , or ...
... France , Germany , or Switzerland , capital moves perhaps almost as readily as to the colonies ; the differences of language and government being scarcely so great a hindrance as climate and distance . To countries still barbarous , or ...
Page 164
... France , the linen or other commodities of Germany will cost to England only half the amount of labour which they will cost to France . England would thus obtain her imports at less cost than France , in the ratio of the greater ...
... France , the linen or other commodities of Germany will cost to England only half the amount of labour which they will cost to France . England would thus obtain her imports at less cost than France , in the ratio of the greater ...
Page 165
... France with iron , the comparative demand in Germany for those two commodities would bear a share in determining the com- parative cost , in labour and capital , with which England and France would obtain German products . If iron were ...
... France with iron , the comparative demand in Germany for those two commodities would bear a share in determining the com- parative cost , in labour and capital , with which England and France would obtain German products . If iron were ...
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Common terms and phrases
17 yards Adam Smith advantage agricultural amount assignats bank notes Bank of England bankers benefit bills bullion capitalists cause cheaper cheapness cheques circulation circumstances coin commerce consumers corn cost of carriage cost of labour cost of production crease dealers debt depend depreciation diminished duction effect employment equal equivalent exchange value exist expense exports fall foreign commodities foreign countries France Germany gold and silver greater imports improvement income increase industry international demand issue issuers labour and capital land law of value less loans lower means ment million modities mon language obtain paid payment permanent persons Poland population portion pounds pounds sterling precious metals produce proportion quantity of money raise rate of interest rate of profit rent rise of prices seignorage sell speculation suppose supposition things tion trade transactions value of money wages whole yards of cloth yards of linen
Popular passages
Page 392 - 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 336 - I cannot, therefore, regard the stationary state of capital arid wealth with the unaffected aversion so generally manifested towards it by political economists of the old school. I am inclined to believe that it would be, on the whole, a very considerable improvement on our present condition. I confess 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...
Page 340 - It is scarcely necessary to remark, that a stationary condition of capital and population implies no stationary state of human improvement There would be as much scope as ever for all kinds of mental culture, and moral and social progress; as much room for improving the Art of Living, and much more likelihood of its being improved, when minds ceased to be engrossed by the art of getting on.
Page 536 - 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 107 - Could we suddenly double the productive powers of the country, we should double the supply of commodities in every market ; but we should, by the same stroke, double the purchasing power. Everybody would bring a double demand as well as supply ; everybody would be able to buy twice as much, because every one would have twice as much to offer in exchange.
Page 392 - The tax which each individual is bound to pay ought to be certain and not arbitrary. The time of payment, the manner of payment, the quantity to be paid, ought all to be clear and plain to the contributor and to every other person.
Page 135 - The opening of a foreign trade, by making them acquainted with new objects, or tempting them by the easier acquisition of things which they had not previously thought attainable, sometimes works a sort of industrial revolution in a country whose resources were previously undeveloped for want of energy and ambition in the people...
Page 340 - Hitherto it is questionable if all the mechanical inventions yet made have lightened the day's toil of any human being.
Page 257 - Indies, in like manner, are the place where England finds it convenient to carry on the production of sugar, coffee, and a few other tropical commodities. All the capital employed is English capital ; almost all the industry is carried on for English uses ; there is little production of anything except the staple commodities, and these are sent to England, not to be exchanged for things exported to the colony and consumed by its inhabitants, but to be sold in England for the benefit of the proprietors...
Page 348 - From this increase of intelligence, several effects may be confidently anticipated. First: that they will become even less willing than at present to be led and governed, and directed into the way they should go, by the mere authority and prestige of superiors. If they have not now, still less will they have hereafter, any deferential awe, or religious principle of obedience, holding them in mental subjection to a class above them.