Outlines of Political Economy: Being a Republication of the Article Upon that Subject Contained in the Edinburgh Supplement to the Encyclopedia Britannica. Together with Notes Explanatory and Critical, and a Summary of the Science

Wilder & Campbell, 1825 - 188 ページ

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160 ページ - There is one sort of labour which adds to the value of the subject upon which it is bestowed: there is another which has no such effect. The former, as it produces a value, may be called productive; the latter, unproductive labour.
108 ページ - He is liable, in consequence, to be frequently without any. What he earns, therefore, while he is employed, must not only maintain him while he is idle, but make him some compensation for those anxious and desponding" moments which the thought of so precarious a situation must sometimes occasion.
161 ページ - It is, as it were, a certain quantity of labour stocked and stored up, to be employed, if necessary, upon some other occasion. That subject, or, what is the same thing, the price of that subject, can afterwards, if necessary, put into motion a quantity of labour equal to that which had originally produced it.
171 ページ - What is annually saved is as regularly consumed as what is annually spent, and nearly in the same time too ; but it is consumed by a different set of people.
161 ページ - Like the declamation of the actor, the harangue of the orator, or the tune of the musician, the work of all of them perishes in the very instant of its production.
161 ページ - The labour of some of the most respectable orders in the society is like that of menial servants, unproductive of any value, and does not fix or realize itself in any permanent subject or vendible commodity, which endures after that labour is past, and for which an equal quantity of labour could afterwards be procured.
161 ページ - The labour of the latter, however, has its value, and deserves its reward as well as that of the former. But the labour of the manufacturer fixes and realizes itself in some particular subject or vendible commodity, which lasts for some time at least after that labour is past.
161 ページ - Though the manufacturer has his wages advanced to him by his master, he, in reality, costs him no expense...
121 ページ - Corn is not high because a rent is paid, but a rent is paid because corn is high...