Principles of political economy, with some of their applications to social philosophy, Volume 21862 |
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Page 9
... of any of the Laws of Value laid down in the pre- ceding chapters . The reasons which make the temporary or market value of things depend on the demand and supply , and their average and permanent values upon their cost of MONEY . 9.
... of any of the Laws of Value laid down in the pre- ceding chapters . The reasons which make the temporary or market value of things depend on the demand and supply , and their average and permanent values upon their cost of MONEY . 9.
Page 12
... demand and supply . But demand and supply , in relation to money , present themselves in a somewhat different shape from the demand and supply of other things . The supply of a commodity means the quantity offered for sale . But it is ...
... demand and supply . But demand and supply , in relation to money , present themselves in a somewhat different shape from the demand and supply of other things . The supply of a commodity means the quantity offered for sale . But it is ...
Page 13
... demand for money , again , consists of all the goods offered for sale . Every seller of goods is a buyer of money , and the goods he brings with him constitute his demand . The demand for money differs from the demand for other things ...
... demand for money , again , consists of all the goods offered for sale . Every seller of goods is a buyer of money , and the goods he brings with him constitute his demand . The demand for money differs from the demand for other things ...
Page 15
... demand would reach all things equally , and there would be an universal rise of prices . We might suppose , with Hume , that some morning , every person in the nation should wake and find a gold coin in his pocket : this example ...
... demand would reach all things equally , and there would be an universal rise of prices . We might suppose , with Hume , that some morning , every person in the nation should wake and find a gold coin in his pocket : this example ...
Page 16
... demand , the 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 ...
... demand , the 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 ...
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Common terms and phrases
Adam Smith advantage agricultural amount assignats bank notes Bank of England bankers benefit bill borrow bullion capitalists cause cheaper cheapness cheques circulation circumstances coin commerce consequence consumers corn cost of labour cost of production days labour dealers debt degree demand depend depreciated depreciated currency diminished duction effect employed employment equal equivalent exchange exchange value existing expense exports fall favour France Germany gold and silver greater imports improvement income increase industry issue issuers labour and capital land law of value less loans lower means ment millions mode necessary obtain Octavo paid payment permanent persons Poland population portion pounds precious metals principle produce proportion 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 whole yards of cloth yards of linen
Popular passages
Page 319 - There is room in 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 320 - Hitherto it is questionable if all the mechanical inventions yet made have lightened the day's toil of any human being.
Page 550 - Letting alone, in short, should be the general practice: every departure from it, unless required by some great good, is a certain evil.
Page 375 - 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.
Page 6 - Money is a commodity, and its value is determined like that of other commodities, temporarily by demand and supply, permanently and on the average by cost of production.
Page 322 - ... the other. The rich should be in loco parentis to the poor, guiding and restraining them like children. Of spontaneous action on their part there should be no need. They should be called on for nothing but to do their day's work, and to be moral and religious. Their morality and religion should be provided for them by their superiors, who should see them properly taught it, and should do all that is necessary to ensure their being, in return for labour and attachment, properly fed, clothed, housed,...
Page 325 - ... when they were brought together in numbers, to work socially under the same roof; when railways enabled them to shift from place to place, and change their patrons and employers as easily as their coats; when they were encouraged to seek a share in the government, by means of the electoral franchise.
Page 374 - 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 118 - It is commerce which is rapidly rendering war obsolete, by strengthening and multiplying the personal interests which are in natural opposition to it.
Page 339 - THE form of association, however, which, if mankind continue to improve, must be expected in the end to predominate, is not that which can exist between a capitalist as chief and workpeople without a voice in the management, but the association of the labourers themselves on terms of equality, collectively owning the capital with which they carry on their operations, and working under managers elected and removable by themselves.