Principles of political economy, with some of their applications to social philosophy, Volume 21862 |
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Page xv
... lower ani- mals . Case of women not analogous . • · 560 • 564 568 569 10. Case of contracts in perpetuity . 11. Cases of delegated management 12. Cases in which public intervention may be necessary to give effect to the wishes of the ...
... lower ani- mals . Case of women not analogous . • · 560 • 564 568 569 10. Case of contracts in perpetuity . 11. Cases of delegated management 12. Cases in which public intervention may be necessary to give effect to the wishes of the ...
Page 16
... lower prices ; lower , too , in the precise ratio in which the money was diminished . So that the value of money , other things being the same , varies inversely as its quantity ; every increase of quantity lowering the value , and ...
... lower prices ; lower , too , in the precise ratio in which the money was diminished . So that the value of money , other things being the same , varies inversely as its quantity ; every increase of quantity lowering the value , and ...
Page 18
... lower , or the value of money higher . The essential point is , not how often the same money changes hands in a given time , but how often it changes hands in order to perform a given amount of traffic . We must com- pare the number of ...
... lower , or the value of money higher . The essential point is , not how often the same money changes hands in a given time , but how often it changes hands in order to perform a given amount of traffic . We must com- pare the number of ...
Page 19
... lowers them , is the most elementary proposition in the theory of currency , and without it we should have no key to any of the others . In any state of things , however , except the simple and primitive one which we have supposed , the ...
... lowers them , is the most elementary proposition in the theory of currency , and without it we should have no key to any of the others . In any state of things , however , except the simple and primitive one which we have supposed , the ...
Page 21
... lower the rate of interest ; and since this would disturb the relation ' previ- ously existing between the rate of interest on capital in the country itself , and that in foreign countries , it would probably induce some of those who ...
... lower the rate of interest ; and since this would disturb the relation ' previ- ously existing between the rate of interest on capital in the country itself , and that in foreign countries , it would probably induce some of those who ...
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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.