A Theory of InterestMacmillan, 1914 - 228 стор. |
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Сторінка vii
... regard themselves as robbed by capitalists . By many party Socialists in the United States and elsewhere , indeed , the view is held that the capitalists themselves fully understand how the system robs the wage - earners , and sustain ...
... regard themselves as robbed by capitalists . By many party Socialists in the United States and elsewhere , indeed , the view is held that the capitalists themselves fully understand how the system robs the wage - earners , and sustain ...
Сторінка x
... regard to the algebraic formula . Most of all I am indebted to my wife . Without her encouragement and coöperation I could not have written the book at all . CLARENCE GILBERT HOAG . HAVERFORD , PA . , April 15 , 1913 . CONTENTS CHAPTER ...
... regard to the algebraic formula . Most of all I am indebted to my wife . Without her encouragement and coöperation I could not have written the book at all . CLARENCE GILBERT HOAG . HAVERFORD , PA . , April 15 , 1913 . CONTENTS CHAPTER ...
Сторінка 31
... regard to goods . In the simplest cases , as in all the tangle and complication which our present varied eco- nomic life has created , we find men valuing the goods with which they have to deal by the marginal utility of these goods ...
... regard to goods . In the simplest cases , as in all the tangle and complication which our present varied eco- nomic life has created , we find men valuing the goods with which they have to deal by the marginal utility of these goods ...
Сторінка 42
... regard it , therefore , as far preferable to the word utility , if one of the two is needed for the theory of value . But why is either word needed ? Why not call the things represented by the lines between OR and LI , and parallel to ...
... regard it , therefore , as far preferable to the word utility , if one of the two is needed for the theory of value . But why is either word needed ? Why not call the things represented by the lines between OR and LI , and parallel to ...
Сторінка 63
... regard and esprit de corps among the employees of a factory with a view to increas- ing its production without increasing the pain of the employees ' labor . In all these cases the services ad- vanced are locked up in the nexus of ...
... regard and esprit de corps among the employees of a factory with a view to increas- ing its production without increasing the pain of the employees ' labor . In all these cases the services ad- vanced are locked up in the nexus of ...
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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.