The Economics of Industry

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Сторінка 19 - Capital which exists in any of these durable shapes, and the return to which is spread over a period of corresponding duration, is called fixed capital.
Сторінка 172 - After all that has been said of the levity and inconstancy of human nature, it appears evidently from experience, that a man is, of all sorts of luggage, the most difficult to be transported.
Сторінка 224 - ... by concealing from the purchaser any fact known to the vendor, material to be known by the purchaser, to enable him to judge of the value of the article purchased : " 2. By conciliating the conflicting interests of the capitalist, the worker, and the purchaser, through an equitable division amongst them of the fund commonly known as profit : " 3. By preventing the waste of labour now caused by unregulated competition.
Сторінка 20 - The acquisition of such talents, by the maintenance of the acquirer during his education, study, or apprenticeship, always costs a real expense, which is a capital fixed and realized, as it were, in his person. Those talents, as they make a part of his fortune, so do they likewise of that of the society to which he belongs.
Сторінка 50 - That the master manufacturer, by dividing the work . to be executed into different processes, each requiring different degrees of skill and force, can purchase exactly that precise quantity of both which is necessary for each process; whereas, if the whole work were executed by one workman, that person must possess sufficient skill to perform the most difficult, and sufficient strength to execute the most laborious, of the operations...
Сторінка 110 - A tender mother, among the inferior ranks of people, is often afraid to send her son to school at a sea-port town, lest the sight of the ships and the conversation and adventures of the sailors should entice him to go to sea. The distant prospect of hazards from which we can hope to extricate ourselves by courage and address, is not disagreeable to us, and does not raise the wages of labour in any employment.
Сторінка 11 - Without entering into disputable points, it may be asserted without scruple, that the aim of all intellectual training for the mass of the people, should be to cultivate common sense ; to qualify them for forming a sound practical judgment of the circumstances by which they are surrounded.
Сторінка 107 - So complete, indeed, has hitherto been the separation, so strongly marked the line of demarcation, between the different grades of labourers, as to be almost equivalent to fin hereditary distinction of caste; each employment being chiefly recruited from the children of those already employed in it...
Сторінка 19 - Capital which in this manner fulfils the whole of its office in the production in which it is engaged, by a single use, is called Circulating Capital.
Сторінка 110 - ... lest the sight of the ships and the conversation and adventures of the sailors should entice him to go to sea. The distant prospect of hazards, from which we can hope to extricate ourselves by courage and address, is not disagreeable to us, and does not raise the wages of labour in any employment. It is otherwise with those in which courage and address can be of no avail. In trades which are known to be very unwholesome, the wages of labour are always remarkably high. Unwholesomeness is a species...

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