Principles of Political EconomyD. Appleton, 1887 - 670 pages |
Contents
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Common terms and phrases
accumulation Adam Smith advantage agricultural amount Book bullion bushels Cairnes capi capitalist causes cent Chap circulation coin commodities competition consumed consumption corn corn laws cost of labor cost of production crease cultivation currency depends desire diminishing doctrine duction economists effect employed employment England English equal equivalent exchange value existing expense exports fall foreign gain give given gold and silver Government greater imports improvements income increase industry interest labor and capital laboring-classes land law of rent laws of value less limited lower manufactures means ment Mill natural necessary obtained operation paid payment persons Political Economy population portion precious metals principle proportion purchase quantity rate of profit ratio remuneration rent Ricardo rise saving social soil subsistence suppose taxation things tion trade United unproductive value of money wages wages-fund wealth wheat whole Wolowski writers
Popular passages
Page 515 - Hitherto it is questionable if all the mechanical inventions yet made have lightened the day's toil of any human being. They have enabled a greater population to live the same life of drudgery and imprisonment, and an increased number of manufacturers and others to make fortunes. They have increased the comforts of the middle classes. But they have not yet begun to effect those great changes in human destiny which it is in their nature and in their futurity to accomplish.
Page 611 - The only case in which, on mere principles of political economy, protecting duties can be defensible, is when they are imposed temporarily (especially in a young and rising nation) in hopes of naturalizing a foreign industry, in itself perfectly suitable to the circumstances of the country.
Page 103 - Those ten persons, therefore, could make among them upwards of forty-eight thousand pins in a day. Each person, therefore, making a tenth part of forty-eight thousand pins, might be considered as making four thousand eight hundred pins in a day.
Page 103 - I have seen a small manufactory of this kind, where ten men only were employed, and where some of them consequently performed two or three distinct operations. But though they were very poor, and therefore but indifferently accommodated with the necessary machinery, they could, when they exerted themselves, make among them about twelve pounds of pins in a day.
Page 168 - sacredness of property" is talked of, it should always be remembered, that any such sacredness does not belong in the same degree to landed property. No man made the land. It is the original inheritance of the whole species. Its appropriation is wholly a question of general expediency. When private property in land is not expedient, it is unjust.
Page 515 - If the earth must lose that great portion of its pleasantness which it owes to things that the unlimited increase of wealth and population would extirpate from it...
Page 591 - The schoolboy whips his taxed top; the beardless youth manages his taxed horse, with a taxed bridle, on a taxed road ; and the dying Englishman, pouring his medicine, which has paid...
Page 20 - M'CULLOCH. -A TREATISE ON THE PRINCIPLES AND PRACTICAL INFLUENCE of TAXATION and the FUNDING SYSTEM.
Page 154 - If, therefore, the choice were to be made between Communism with all its chances, and the present state of society with all its sufferings and injustices; if the institution of private property...
Page 205 - What we find, in effect, is, not a whole population competing indiscriminately for all occupations, but a series of industrial layers, superposed on one another, within each of which the various candidates for employment possess a real and effective power of selection, while those occupying the several strata are, for all purposes of effective competition, practically isolated from each other.