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action advantages agricultural amount applied BOOK called capital causes century CHAPTER character chief classes commodity Consumers cost course curve demand derived desire Diminishing direct earnings economic economists effects England English equal expenses fact fall force future give given Government greater growth hand higher important income increase individual industry influence instance interest kind knowledge labour land less living lower machinery manufacturing marginal material means measure methods nature nearly necessary normal organization particular perhaps person pleasure population practical present problems production profits purchasing reason regard relation rent represented result Return rise social strength supply taken term theory things thought tion trade true utility wages wants wealth whole
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 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.