The Quarterly Journal of Economics, Том 13Charles Franklin Dunbar, Frank William Taussig, Abbott Payson Usher, Alvin Harvey Hansen, William Leonard Crum, Edward Chamberlin, Arthur Eli Monroe Harvard University, 1899 Edited at Harvard University's Department of Economics, this journal covers all aspects of the field -- from the journal's traditional emphasis on microtheory, to both empirical and theoretical macroeconomics. |
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Сторінка 3
... Production is the bringing of commodities into existence ; and , in any state except the most primitive one , it is ac- complished by a division of labor . The producer is per- sonally a specialist , selling an article or a part of an ...
... Production is the bringing of commodities into existence ; and , in any state except the most primitive one , it is ac- complished by a division of labor . The producer is per- sonally a specialist , selling an article or a part of an ...
Сторінка 4
... Production . It traces the wealth that society as a whole creates backward to the agents that have brought each specific part of it into ex- istence . Production itself is a synthesis , in which count- less agents bring each its ...
... Production . It traces the wealth that society as a whole creates backward to the agents that have brought each specific part of it into ex- istence . Production itself is a synthesis , in which count- less agents bring each its ...
Сторінка 5
... Production , Distribu- tion , and Exchange . Consumption is not an organized process at all . We make things collectively , but we use them each man for himself . We like to eat together , indeed , and to enjoy many things in company ...
... Production , Distribu- tion , and Exchange . Consumption is not an organized process at all . We make things collectively , but we use them each man for himself . We like to eat together , indeed , and to enjoy many things in company ...
Сторінка 7
... produce food and others build huts , and let them exchange products with each other , and things happen that are not ... Production . The term Distribu- tion cannot be used as the title of a scientific THE FUTURE OF ECONOMIC THEORY 7.
... produce food and others build huts , and let them exchange products with each other , and things happen that are not ... Production . The term Distribu- tion cannot be used as the title of a scientific THE FUTURE OF ECONOMIC THEORY 7.
Сторінка 8
... Production and is not Exchange . Distribution is a process that , in its completeness , in- cludes Exchange . It falls itself entirely within Produc- tion . It is not best to characterize the second natural division of economic science ...
... Production and is not Exchange . Distribution is a process that , in its completeness , in- cludes Exchange . It falls itself entirely within Produc- tion . It is not best to characterize the second natural division of economic science ...
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Сторінка 396 - By preferring the support of domestic to that of foreign industry, he intends only his own security; and by directing that industry in such a manner as its produce may be of the greatest value, he intends only his own gain, and he is in this, as in many other cases, led by an invisible hand to promote an end which was no part of his intention.
Сторінка 413 - The annual labour of every nation is the fund which originally supplies it with all the necessaries and conveniences of life which it annually consumes, and which consist always either in the immediate produce of that labour, or in what is purchased with that produce from other nations.
Сторінка 396 - ... led by an invisible hand to promote an end which was no part of his intention. Nor is it always the worse for the society that it was no part of it.
Сторінка 396 - Every individual is continually exerting himself to find out the most advantageous employment for whatever capital he can command. It is his own advantage, indeed, and not that of the society, which he has in view. But the study of his own advantage naturally, or rather necessarily leads him to prefer that employment which is most advantageous to the society.
Сторінка 402 - When the price of any commodity is neither more nor less than what is sufficient to pay the rent of the land, the wages of the labour, and the profits of the stock employed in raising, preparing, and bringing it to market, according to their natural rates, the commodity is then sold for what may be called its natural price.
Сторінка 400 - Whether this propensity be one of those original principles in human nature, of which no further account can be given; or whether, as seems more probable, it be the necessary consequence of the faculties of reason and speech, it belongs not to our present subject to enquire.
Сторінка 409 - But the annual revenue of every society is always precisely equal to the exchangeable value of the whole annual produce of its industry, or rather is precisely the same thing with that exchangeable value.
Сторінка 400 - This division of labour, from which so many advantages are derived, is not originally the effect of any human wisdom, which foresees and intends that general opulence to which it gives occasion. It is the necessary, though very slow and gradual consequence of a certain propensity in human nature which has in view no such extensive utility; the propensity to truck, barter, and exchange one thing for another.
Сторінка 401 - It cannot then be correct to say with Adam Smith, "that as labour may sometimes purchase a greater and sometimes a smaller quantity of goods, it is their value which varies, not that of the labour which purchases them...