A Theory of InterestMacmillan, 1914 - 228 стор. |
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Сторінка vii
... problem of interest or to discuss in detail all the supposed solutions of it , but to try to solve it correctly . The importance of a correct solution can hardly be overestimated . Millions of men now call themselves party Socialists in ...
... problem of interest or to discuss in detail all the supposed solutions of it , but to try to solve it correctly . The importance of a correct solution can hardly be overestimated . Millions of men now call themselves party Socialists in ...
Сторінка viii
... problem of interest deeply and honestly . The courage must be furnished by the leaders of those political groups , in all lands , whose conceptions of interest must be modified in accordance with the light . Though inclined by my ...
... problem of interest deeply and honestly . The courage must be furnished by the leaders of those political groups , in all lands , whose conceptions of interest must be modified in accordance with the light . Though inclined by my ...
Сторінка ix
... problem ; and they will agree on that problem , obvi- ously , as soon as they both see the truth . The capi- talists are approaching the truth , under the guidance of the professional economists , who in the main are quite honest men ...
... problem ; and they will agree on that problem , obvi- ously , as soon as they both see the truth . The capi- talists are approaching the truth , under the guidance of the professional economists , who in the main are quite honest men ...
Сторінка xi
Clarence Gilbert Hoag. CONTENTS CHAPTER PAGE I. THE PROBLEM I II . SOME DEFINITIONS AND FUNDAMENTAL CONCEPTIONS III . THEORY OF NORMAL PRICES II 34 ' IV . INTEREST AS A PRICE 47 90 100 117 • 117 123 V. RELATIONS OF THE INTEREST PROBLEM ...
Clarence Gilbert Hoag. CONTENTS CHAPTER PAGE I. THE PROBLEM I II . SOME DEFINITIONS AND FUNDAMENTAL CONCEPTIONS III . THEORY OF NORMAL PRICES II 34 ' IV . INTEREST AS A PRICE 47 90 100 117 • 117 123 V. RELATIONS OF THE INTEREST PROBLEM ...
Сторінка xii
Clarence Gilbert Hoag. $ 1 . and a I at inte tween unnatu CHAPTER I THE PROBLEM § 1. The facts of interest.
Clarence Gilbert Hoag. $ 1 . and a I at inte tween unnatu CHAPTER I THE PROBLEM § 1. The facts of interest.
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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.