Principles of Political Economy, with Some of Their Applications to Social Philosophy, Volume 21862 |
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Page x
... rise 266 • 3. that tendency from time to time counteracted by im- provements in production 268 • 2. Effect of the progress of society in moderating fluctuations of value .. 270 5. Examination of the influence of speculators , and in ...
... rise 266 • 3. that tendency from time to time counteracted by im- provements in production 268 • 2. Effect of the progress of society in moderating fluctuations of value .. 270 5. Examination of the influence of speculators , and in ...
Page 11
... rise , and rising as they fall . : But unhappily the same phrase is also employed , in the current language of commerce , in a very different sense . Money , which is so commonly understood as the synonyme of wealth , is more especially ...
... rise , and rising as they fall . : But unhappily the same phrase is also employed , in the current language of commerce , in a very different sense . Money , which is so commonly understood as the synonyme of wealth , is more especially ...
Page 13
... rise , and that they shall get more money by waiting . If they thought the low price likely to be permanent , they would take what they could get . It is always a sine quá non with a dealer to dispose of his goods . As the whole of the ...
... rise , and that they shall get more money by waiting . If they thought the low price likely to be permanent , they would take what they could get . It is always a sine quá non with a dealer to dispose of his goods . As the whole of the ...
Page 14
... rise in price , and so on until the rise has reached everything . I say everything , though it is of course possible that the influx of money might take place through the medium of some new class of consumers , or in such a manner as to ...
... rise in price , and so on until the rise has reached everything . I say everything , though it is of course possible that the influx of money might take place through the medium of some new class of consumers , or in such a manner as to ...
Page 15
... 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 , however , would involve an alteration of the proportions in the demand for ...
... 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 , however , would involve an alteration of the proportions in the demand for ...
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Common terms and phrases
Adam Smith advantage agricultural amount assignats bank notes Bank of England bankers benefit bill bills of exchange book credits bullion capitalists cause cheaper cheapness cheques circulation circumstances classes coin commerce commodities consumers corn cost of labour cost of production days labour dealers debt depend depreciated diminished duction effect employed employment enable equal equivalent exchange value existence expense exports fall favourable fluctuations France Germany gold and silver greater imports improvement income increase industry issue labour and capital land law of value less loan lower manufacturers means medium ment millions mode obtain paid payment permanent persons population portion pounds precious metals produce proportion purchasing power quantity of money raise rate of interest rate of profit rent rise of prices savings seignorage sell shillings speculation suppose supposition theory things tion trade transactions value of money wanted 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.