Principles of political economy, with some of their applications to social philosophy, Volume 21862 |
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Page xiv
... limited liability . Chartered Companies 498 7. Partnerships en commandite . 8. Laws relating to Insolvency • 503 509 CHAPTER X. Of Interferences of Government grounded on Erroneous Theories . § 1. Doctrine of Production to Native ...
... limited liability . Chartered Companies 498 7. Partnerships en commandite . 8. Laws relating to Insolvency • 503 509 CHAPTER X. Of Interferences of Government grounded on Erroneous Theories . § 1. Doctrine of Production to Native ...
Page 13
... limited only by the means of the purchaser . The demand for other things is for so much and no more ; but there is always a demand for as much money as can be got . Persons may indeed refuse to sell , and with- draw their goods from the ...
... limited only by the means of the purchaser . The demand for other things is for so much and no more ; but there is always a demand for as much money as can be got . Persons may indeed refuse to sell , and with- draw their goods from the ...
Page 16
... limited quantity , may be affected in very unequal degrees by difficulty or facility of attainment . But in the case of money , which is desired as the means of universal purchase , the demand consists of everything which people have to ...
... limited quantity , may be affected in very unequal degrees by difficulty or facility of attainment . But in the case of money , which is desired as the means of universal purchase , the demand consists of everything which people have to ...
Page 26
... limited in supply , those which may be had in unlimited quantity at a given cost of production , and those which may be had in unlimited quantity , but at an increasing cost of production - the precious metals , being the produce of ...
... limited in supply , those which may be had in unlimited quantity at a given cost of production , and those which may be had in unlimited quantity , but at an increasing cost of production - the precious metals , being the produce of ...
Page 53
... limited his purchases to the money he has actually in hand . He creates a demand for the article to the full amount of his money and credit taken together , and raises the price propor- tionally to both . And this effect is produced ...
... limited his purchases to the money he has actually in hand . He creates a demand for the article to the full amount of his money and credit taken together , and raises the price propor- tionally to both . And this effect is produced ...
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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.