Political EconomyMacmillan, 1892 - 415 ページ |
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Adam Smith advantage agricultural amount bank become bushels cause cent circulation coin coinage commodity competition considerable consume consumption cost cultivation degree demand distribution division of labor doctrine duction economic economist effect employer England English excess existing fact force gold grain greater important increase individual island J. S. Mill Knights of Labor labor and capital labor power laboring class land landlord law of rent less limits loan manufacturer medium of exchange ment metal nations natural operation owner paid payment perfect competition perhaps persons political economy population portion principle product of industry production of wealth Prof profits purchase quantity question rate of interest reason receive rent respect result revenue seaweed secure seigniorage sell silver social soil subsistence supply suppose taxation tenant things tion tract trade United wage-fund wages wheat writers
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265 ページ - To him that hath shall be given ; and from him that hath not shall be taken away even that which he hath.
491 ページ - 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.
332 ページ - Interest (Sec. 5197). —Any association may take, receive, reserve, and charge on any loan or discount made, or upon any note, bill of exchange, or other evidences of debt, interest at the rate allowed by the laws of the state, territory, or district where the bank is located...
270 ページ - We rarely hear, it has been said, of the combinations of masters, though frequently of those of workmen. But whoever imagines, upon this account, that masters rarely combine, is as ignorant of the world as of the subject. Masters are always and everywhere in a sort of tacit, but constant and uniform, combination, not to raise the wages of labour above their actual rate.
364 ページ - This sum is not regarded as unalterable, for it is augmented by saving, and increases with the progress of wealth ; but it is reasoned upon as at any given moment a predetermined amount.
434 ページ - Europe, reduced the value of its currency about nine per cent. below that of good money fresh from the mint. Such money no sooner appeared than it was melted down or carried away, as it always is in such circumstances. The merchants, with plenty of currency, could not always find a sufficient quantity of good money to pay their bills of exchange...
109 ページ - But retail price, the price paid by the actual consumer, seems to feel very slowly and imperfectly the effect of competition ; and when competition does exist, it often, instead of lowering prices, merely divides the gains of the high price among a greater number of dealers.
15 ページ - It predicts only such of the phenomena of the social state as take place in consequence of the pursuit of wealth. It makes entire abstraction of every other human passion or motive ; except those which may be regarded as perpetually antagonizing principles to the desire of wealth ; namely, aversion to labour, and desire of the present enjoyment of costly indulgences.
303 ページ - The elephant is reckoned the slowest breeder of all known animals, and I have taken some pains to estimate its probable minimum rate of natural increase; it will be safest to assume that it begins breeding when thirty years old: and goes on breeding till ninety years old, bringing forth six young in the interval, and surviving till one hundred years old: if this be so, after a period of from 740 to 750 years there would be nearly nineteen million elephants alive, descended from the first pair.
167 ページ - The gold and silver money which circulates in any country may very properly be compared to a highway, which, while it circulates and carries to market all the grass and corn of the country, produces itself not a single pile of either.