Principles of Economics, Том 1

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Macmillan and Company, 1891 - 770 стор.

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Сторінка 545 - The liberal reward of labour, as it encourages the propagation, so it increases the industry of the common people. The wages of labour are the encouragement of industry, which, like every other human quality, improves in proportion to the encouragement it receives. A plentiful subsistence increases the bodily strength of the labourer, and the comfortable hope of bettering his condition, and of ending his days perhaps in ease and plenty, animates him to exert that strength to the utmost.
Сторінка 154 - The elasticity (or responsiveness) of demand in a market is great or small according as the amount demanded increases much or little for a given fall in price, and diminishes much or little for a given rise in price1.
Сторінка 266 - There is no extravagance more prejudicial to the growth of national wealth than that wasteful negligence which allows genius that happens to be born of lowly parentage to expend itself in lowly work.
Сторінка 265 - But a good education confers great indirect benefits even on the ordinary workman. It stimulates his mental activity; it fosters in him a habit of wise inquisitiveness; it makes him more intelligent, more ready, more trustworthy in his ordinary work; it raises the tone of his life in working hours and out of working hours; it is thus an important means toward the production of material wealth...
Сторінка 367 - One tree will last longer in full vigour and attain a greater size than another; but sooner or later age tells on them all.
Сторінка 318 - That the master manufacturer, by dividing the work to be executed into different processes, each requiring different degrees of skill or of 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 into which the art is divided...
Сторінка xxix - ... the study of the causes of poverty is the study of the causes of the degradation of a large part of mankind.
Сторінка iv - Principle is applied not only to the ethical quality of the motives by which a man may be influenced in choosing his ends, but also to the sagacity, the energy and the enterprise with which he pursues those ends.
Сторінка vi - Time, which is the centre of the chief difficulty of almost every economic problem, is itself continuous : Nature knows no absolute partition of time into long periods and short ; but the two shade into one another by imperceptible gradations, and what is a short period for one problem, is a long period for another.
Сторінка 324 - The mysteries of the trade become no mysteries; but are as it were in the air, and children learn many of them unconsciously.

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