A Theory of InterestMacmillan, 1914 - 228 стор. |
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Сторінка 26
... marginal , ” and my definition of value without recourse to the phrase " marginal utility " at all . Such abandonment of ac- cepted terminology demands explanation . If I have a barrel of apples and lose two apples , my pleasure is ...
... marginal , ” and my definition of value without recourse to the phrase " marginal utility " at all . Such abandonment of ac- cepted terminology demands explanation . If I have a barrel of apples and lose two apples , my pleasure is ...
Сторінка 27
... marginal utility becomes simply a non - normal value . This unfortunate implication of ' marginal utility " rises up to trouble us when we come to drawing the two curves 1 required to illustrate graphi- cally the theory of normal prices ...
... marginal utility becomes simply a non - normal value . This unfortunate implication of ' marginal utility " rises up to trouble us when we come to drawing the two curves 1 required to illustrate graphi- cally the theory of normal prices ...
Сторінка 31
... utility - the utility that stands on the margin of the economically permissible the eco- nomic Marginal Utility of the good . The law which gov- erns amount of value , then , may be put in the following very simple formula : The value ...
... utility - the utility that stands on the margin of the economically permissible the eco- nomic Marginal Utility of the good . The law which gov- erns amount of value , then , may be put in the following very simple formula : The value ...
Сторінка 41
... utility , as many writers ' would have it ? Certainly not utility in the abstract , for that is not mensurable : if ... marginal utility " — which has become a sort of new corner - stone of economic theory - is apparent the moment we ...
... utility , as many writers ' would have it ? Certainly not utility in the abstract , for that is not mensurable : if ... marginal utility " — which has become a sort of new corner - stone of economic theory - is apparent the moment we ...
Сторінка 120
... marginal utility that depends on a shilling spent now is smaller than that depending on a shilling available in the more badly secured future . It would seem that , in such cases , a present shilling should be less valued than a future ...
... marginal utility that depends on a shilling spent now is smaller than that depending on a shilling available in the more badly secured future . It would seem that , in such cases , a present shilling should be less valued than a future ...
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Загальні терміни та фрази
abstinence actual rate Adolphe Landry advances to nature advantage algebraic Anarchists apples base-line Böhm-Bawerk borrow capitalist cause of interest changing society chapter commodity conceived conception consumption course credit money Crusoe curves defined diagram difference discount dollar earned economic economists embodied equal in value equivalent estimated value exchange explained expressed factor of pleasure factor of value future services give greater income increase investment labour power later loan interest M₁ marginal utility market value mean month's labour natural capital natural interest nominal surplus nominal value normal price normal rate objective ophelimity paragraph parallelogram person plane pleasure dependent present price of advances principal productive instruments profit proposition quantity question rate of interest rent represented result selling sense services advanced shillings subjective factor suppose surplus labour surplus value theory of interest thing tion true Value of Labour value side wages want and provision word yield
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Сторінка 154 - To abstain from the enjoyment which is in our power, or to seek distant rather than immediate results, are among the most painful exertions of the human will.
Сторінка 1 - For money was intended to be used in exchange, but not to increase at interest. And this term interest, which means the birth of money from money, is applied to the breeding of money because the offspring resembles the parent. Wherefore of all modes of getting wealth this is the most unnatural.
Сторінка 162 - The cry for an equality of wages rests, therefore, upon a mistake, is an insane wish never to be fulfilled. It is an offspring of that false and superficial radicalism that accepts premises and tries to evade conclusions.
Сторінка 152 - That the powers of Labour, and of the other instruments which produce wealth, may be indefinitely increased by using their Products as the means of further Production.
Сторінка 160 - The value, or WORTH of a man, is as of all other things, his price; that is to say, so much as would be given for the use of his power : and therefore is not absolute ; but a thing dependent on the need and judgment of another.
Сторінка 169 - The value of a commodity is determined by the total quantity of labor contained in it. But part of that quantity of labor is realized in a value for which an equivalent has been paid in the form of wages; part of it is realized in a value for which no equivalent has been paid. Part of the labor contained in the commodity is paid labor; part is unpaid labor.
Сторінка 163 - Power. If he worked daily six hours he would daily produce a value sufficient to buy the average amount of his daily necessaries, or to maintain himself as a labouring man. But our man is a wages labourer.
Сторінка 164 - The daily or weekly value of the labouring power is quite distinct from the daily or weekly exercise of that power, the same as the food a horse wants and the time it can carry the horseman are quite distinct. The quantity of...
Сторінка 151 - To the third principle or instrument of production, without which the two others are inefficient, we shall give the name of abstinence, a term by which we express the conduct of a person who either abstains from the unproductive use of what he can command, or designedly prefers the production of remote to that of immediate results.
Сторінка 127 - The question now is, what influence such differences of degree have on product. On the whole it may be said that not only are the first steps more productive, but that every lengthening of the roundabout process is accompanied by a further increase in the technical result; as the process, however, is lengthened the amount of product, as a rule, increases in a smaller proportion.