Principles of Political Economy: With Some of Their Applications to Social Philosophy, Volume 2J. W. Parker and son, 1857 - 582 pages |
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Page ix
... issues 2. Examination of each 203 206 3. Reasons for thinking that the Currency Act of 1844 pro- duces a part of the beneficial effect intended by it 210 · • 4. but produces mischiefs more than equivalent . 5. Should the issue of bank ...
... issues 2. Examination of each 203 206 3. Reasons for thinking that the Currency Act of 1844 pro- duces a part of the beneficial effect intended by it 210 · • 4. but produces mischiefs more than equivalent . 5. Should the issue of bank ...
Page 21
... issues of the Bank of England . Yet this never has any effect on prices ; and in a very few weeks , the currency has again shrunk into its usual dimensions , by a mere reduction in the demands of the public ( after so copious a supply ...
... issues of the Bank of England . Yet this never has any effect on prices ; and in a very few weeks , the currency has again shrunk into its usual dimensions , by a mere reduction in the demands of the public ( after so copious a supply ...
Page 46
... issue such substitutes for money . Dealers in money ( as lenders by profession are improperly called ) desire , like other dealers , to stretch their operations beyond what can be carried on by their own means : they wish to lend , not ...
... issue such substitutes for money . Dealers in money ( as lenders by profession are improperly called ) desire , like other dealers , to stretch their operations beyond what can be carried on by their own means : they wish to lend , not ...
Page 47
... issue notes beyond the amount which experience shows can remain in circulation without being presented for payment ... issues of private bankers , and the further diversities of which this class of substitutes for money are susceptible ...
... issue notes beyond the amount which experience shows can remain in circulation without being presented for payment ... issues of private bankers , and the further diversities of which this class of substitutes for money are susceptible ...
Page 53
... issue of a single bank note . The buyer , instead of taking a mere book credit , might have given a bill for the amount ; or might have paid for the goods with bank notes borrowed for that purpose from a banker , thus making the ...
... issue of a single bank note . The buyer , instead of taking a mere book credit , might have given a bill for the amount ; or might have paid for the goods with bank notes borrowed for that purpose from a banker , thus making the ...
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Common terms and phrases
100 days labour 17 yards Adam Smith advantage agricultural amount assignats bank notes Bank of England banker benefit bills of exchange book credits bullion cheaper cheapness cheques circulation circumstances coin commerce consumers corn cost of carriage cost of production dealers debt depend depreciated depreciated currency diminished effect equal equation of international equivalent exactly exchange value exist expense exports fall foreign commodities foreign countries France gain Germany gold and silver imports improvement increase interchange international demand international values issue issuers labour and capital land law of value less loan means ment modities obtain paid paper currency payment persons Poland political economy portion pounds precious metals produce proportion purchasing power quantity of money rate of interest rate of profit rise of prices seignorage sell speculation suppose supposition theory things tion trade transactions value of money wages wanted whole yards of cloth yards of linen
Popular passages
Page 542 - Laisser-faire, in short, should be the general practice: every departure from it, unless required by some great good, is a certain evil.
Page 325 - 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 325 - ... superfluous tree rooted out, and scarcely a place left where a wild shrub or flower could grow without being eradicated as a weed in the name of improved agriculture. If the earth must lose that great portion of its pleasantness...
Page 557 - There are matters in which the interference of law is required, not to overrule the judgment of individuals respecting their own interest, but to give effect to that judgment; they being unable to give effect to it except by concert, which concert again cannot be effectual unless it receives validity and sanction from the law.
Page 369 - The certainty of what each individual ought to pay is, in taxation, a matter of so great importance, that a very considerable degree of inequality, it appears, I believe, from the experience of all nations, is not near so great an evil as a very small degree of uncertainty.
Page 368 - 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 562 - ... admitted to be right that human beings should help one another ; and the more so, in proportion to the urgency of the need : and none needs help so urgently as one who is starving. The claim to help, therefore, created by destitution, is one of the strongest which can exist ; and there is...
Page 369 - Every tax ought to be levied at the time or in the manner in which it is most likely to be convenient for the contributor to pay it.
Page 244 - Indies, in like manner, are the place* where England finds it convenient to carry on the production of sugar, coffee, and a few other tropical commodities. All the capital employed is English capital ; almost all the industry is carried on for English uses ; there is little production of anything except the staple commodities, and these are sent to England, not to be exchanged for things exported to the colony and consumed by its inhabitants, but to be sold in England for the benefit of the proprietors...
Page 335 - ... that a woman, who does not happen to have a provision by inheritance, shall have scarcely any means open to her of gaining a livelihood, except as a wife and mother. Let women who prefer that occupation, adopt it; but that there should be no option, no other carriere possible for the great majority of women, except in the humbler departments of life, is a flagrant social injustice. The ideas and institutions by which the accident of sex...