Principles of Political Economy: With Some of Their Applications to Social Philosophy |
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Page 61
... competition or of charity , in what was previously consumed by other people . § 3. Nevertheless , I do not believe that as things are actually transacted , improvements in production are often , if ever , injurious , even temporarily ...
... competition or of charity , in what was previously consumed by other people . § 3. Nevertheless , I do not believe that as things are actually transacted , improvements in production are often , if ever , injurious , even temporarily ...
Page 83
... competitors , though the effect on the production of the country might be not an increase but a diminution . It is ... competition , by an unfailing test . Wherever there are large and small establishments in the same business , that ...
... competitors , though the effect on the production of the country might be not an increase but a diminution . It is ... competition , by an unfailing test . Wherever there are large and small establishments in the same business , that ...
Page 84
... competition of the great dealer or ma- nufacturer . But they cannot always do this and continue to gain a living . They thus gradually disappear from society . After having consumed their little capital in prolonging the unsuc- cessful ...
... competition of the great dealer or ma- nufacturer . But they cannot always do this and continue to gain a living . They thus gradually disappear from society . After having consumed their little capital in prolonging the unsuc- cessful ...
Page 88
... permanently kept down by the competition of these companies . Where competitors are so few , they always end by agreeing not to compete . They 1 may run a race of cheapness to ruin a new 88 BOOK 1. CHAPTER IX . § 3 .
... permanently kept down by the competition of these companies . Where competitors are so few , they always end by agreeing not to compete . They 1 may run a race of cheapness to ruin a new 88 BOOK 1. CHAPTER IX . § 3 .
Page 89
... competition almost illusory , it is an unthrifty dispensation of the public re- Sources that several costly sets of ar- rangements should be kept up for the purpose of rendering to the community this one service . It is much better to ...
... competition almost illusory , it is an unthrifty dispensation of the public re- Sources that several costly sets of ar- rangements should be kept up for the purpose of rendering to the community this one service . It is much better to ...
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Common terms and phrases
accumulation Adam Smith advantage agricultural amount capital capitalist causes circulating capital commodity competition condition considerable consumed consumption cost crease cultivation degree demand depend diminished division of labour duce duction ductive effect employment England equal exertion existing expense farmer favourable flax France funds greater human hundred quarters improvement increase individual industry Ireland kind labouring classes land landlord less limited mankind manufacture manure material means ment metayer mode nations natural agents necessary obtained occupation operations paid peasant peasant proprietors persons plough Political Economy Poor Law population portion possession present principle productive labourers productive power profit proportion quantity racter rate of profit remuneration render rent require saving small farms society soil subsistence sufficient sumers supply suppose surplus tained taxes things tical tion tivation tive unless unproductive wages wealth whole
Popular passages
Page 483 - 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 573 - Letting alone, in short, should be the general practice : every departure from it, unless required by some great good, is a certain evil.
Page 556 - 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 128 - If, therefore, the choice were to be made between Communism with all its chances, and the present state of society with all its sufferings and injustices; if the institution of private property...
Page 575 - Now any wellintentioned and tolerably civilized government may think without presumption that it does or ought to possess a degree of cultivation above the average of the community which it rules, and that it should therefore be capable of offering better education and better instruction to the people, than the greater number of them would spontaneously demand. Education, therefore, is one of those things which it is admissible in principle that a government should provide for the people.