Principles of Political Economy: With Some of Their Applications to Social Philosophy, Volume 2D. Appleton, 1868 - Economics |
From inside the book
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Page 4
... purchasing power similar to money , • 88 64 65 3. Effects of great extensions and contractions of credit . Phe- ―nomena of a commercial crisis analyzed , . 67 5 . 4. Bills a more powerful instrument for acting on prices than book ...
... purchasing power similar to money , • 88 64 65 3. Effects of great extensions and contractions of credit . Phe- ―nomena of a commercial crisis analyzed , . 67 5 . 4. Bills a more powerful instrument for acting on prices than book ...
Page 5
... purchase , . 3 . - never does exceed the inclination to consume , 4. Origin and explanation of the notion of general oversupply ,. 110 CHAPTER XV . Of a Measure of Value . § 1. A Measure of Exchange Value , in what sense possible , 2. A ...
... purchase , . 3 . - never does exceed the inclination to consume , 4. Origin and explanation of the notion of general oversupply ,. 110 CHAPTER XV . Of a Measure of Value . § 1. A Measure of Exchange Value , in what sense possible , 2. A ...
Page 19
... purchase with it , whatever was offered for sale . The primary necessaries of life possess these properties in a ... purchases , must be one which , besides be- ing divisible , and generally desired , does not deteriorate by keeping ...
... purchase with it , whatever was offered for sale . The primary necessaries of life possess these properties in a ... purchases , must be one which , besides be- ing divisible , and generally desired , does not deteriorate by keeping ...
Page 21
... purchases would soon have become insupport- able . Governments found it their interest to take the oper- ation into their own hands , and to interdict all coining by private persons ; indeed , their guarantee was often the only one ...
... purchases would soon have become insupport- able . Governments found it their interest to take the oper- ation into their own hands , and to interdict all coining by private persons ; indeed , their guarantee was often the only one ...
Page 22
... , makes no difference in the essential character of transactions . It is not with money that things are really purchased . Nobody's income ( except that of the gold or silver miner ) is derived 22 CHAPTER VII . § 3 . BOOK III . 3 3.
... , makes no difference in the essential character of transactions . It is not with money that things are really purchased . Nobody's income ( except that of the gold or silver miner ) is derived 22 CHAPTER VII . § 3 . BOOK III . 3 3.
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Common terms and phrases
100 days labour 17 yards Adam Smith advantage amount assignats bank notes Bank of England bankers benefit bills bullion cause cheaper cheapness cheques circulation circumstances coin commerce consumers corn cost of carriage cost of production dealers debt depend depreciation diminished duction effect equal equivalent exactly exchange value exist expense exports fall favourable foreign commodities foreign countries France Germany gold and silver imports improvement income increase industry international demand issue issuers labour and capital land law of value less loans lower means ment million mode modities mon language necessary obtain paid payment permanent persons Poland 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 supply supposed supposition taxation things tion trade transactions value of money wages wanted whole yards of cloth yards of linen
Popular passages
Page 334 - ... 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 growth.
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 335 - There is room iu the world, no doubt, and even in old countries, for a great increase of population, supposing the arts of life to go on improving, and capital to increase. But even if innocuous, I confess I see very little reason for desiring it.
Page 408 - They grow richer, as it were in their sleep, without working, risking, or economizing. What claim have they, on the general principle of social justice, to this accession of riches...
Page 567 - Laisserfaire, in short, should be the general practice : every departure from it, unless required by some great good, is a certain evil.
Page 391 - Thirdly, by the forfeitures and other penalties which those unfortunate individuals incur who attempt unsuccessfully to evade the tax, it may frequently ruin them, and thereby put an end to the benefit which the community might have derived from the employment of their capitals. An injudicious tax offers a great temptation to smuggling. 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,...
Page 391 - Every tax ought to be so contrived as both to take out and to keep out of the pockets of the people as little as possible over and above what it brings into the public treasury of the state. A tax may either take out or keep out of the pockets of the people a great deal more than it brings into the public treasury...
Page 390 - 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 390 - 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 391 - 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.