Principles of Political Economy: With Some of Their Applications to Social Philosophy, Том 2D. Appleton, 1899 |
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Сторінка 32
... million sterling , it is evident that the money required to circulate those goods is 100,0007 . And conversely , if the money in circulation is 100,000l . , and each piece changes hands by the purchase of goods ten times in a month ...
... million sterling , it is evident that the money required to circulate those goods is 100,0007 . And conversely , if the money in circulation is 100,000l . , and each piece changes hands by the purchase of goods ten times in a month ...
Сторінка 36
... million , " as certainly and immediately is reabsorbed and disappears . " * If extra currency were not forthcoming to make these extra payments , one of three things must happen . Either the payments must be made without money , by a re ...
... million , " as certainly and immediately is reabsorbed and disappears . " * If extra currency were not forthcoming to make these extra payments , one of three things must happen . Either the payments must be made without money , by a re ...
Сторінка 62
... millions of pounds , and a vast amount besides of country transactions , represented by bills which country bankers have drawn upon their London correspondents , are liqui- dated by payments not exceeding on the average 200,000l ...
... millions of pounds , and a vast amount besides of country transactions , represented by bills which country bankers have drawn upon their London correspondents , are liqui- dated by payments not exceeding on the average 200,000l ...
Сторінка 80
... millions , and the increase in speculative periods at most two or three . And even this , as we have seen , hardly ... millions sterling , and that it sometimes rises to 200 millions . limitation of the issue of bank notes has been ...
... millions , and the increase in speculative periods at most two or three . And even this , as we have seen , hardly ... millions sterling , and that it sometimes rises to 200 millions . limitation of the issue of bank notes has been ...
Сторінка 155
... . Let us now suppose that England , previously to the trade , required a million of yards of linen , which were worth , at the English cost of production , a INTERNATIONAL VALUES . 155 each country for the supply of foreign markets,
... . Let us now suppose that England , previously to the trade , required a million of yards of linen , which were worth , at the English cost of production , a INTERNATIONAL VALUES . 155 each country for the supply of foreign markets,
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Загальні терміни та фрази
17 yards Adam Smith advantage agricultural amount assignats bank notes Bank of England bankers benefit bills bullion capitalists cause cheaper cheapness cheques circulation circumstances coin commerce consumers corn cost of carriage cost of labour cost of production crease days labour dealers debt depend depreciation diminished duction effect equal equivalent exchange value exist expense exports fall foreign commodities foreign countries France Germany gold and silver greater imports improvement income increase industry international demand issue issuers labour and capital land law of value less loans lower means ment millions modities mon language obtain paid payments permanent persons Poland population portion pounds sterling precious metals produce proportion quantity of money raise rate of interest rate of profit rent rise of prices seignorage sell speculation supply suppose supposition things tion trade transactions value of money wages whole yards of cloth yards of linen
Популярні уривки
Сторінка 330 - I confess I am not charmed with the ideal of life held out by those who think that the normal state of human beings is that of struggling to get on ; that the trampling, crushing, elbowing, and treading on each other's heels, which form the existing type of social life, are the most desirable lot of human kind, or anything but the disagreeable symptoms of one of the phases of industrial progress.
Сторінка 387 - Every tax ought to be levied at the time, or in the manner/- in which it is most likely to be convenient for the contributor to pay it.
Сторінка 136 - It is commerce which is rapidly rendering war obsolete, by strengthening and multiplying the personal interests which are in natural opposition to it. And it may be said without exaggeration that the great extent and rapid increase of international trade, in being the principal guarantee of the peace of the world, is the great permanent security for the uninterrupted progress of the ideas, the institutions, and the character of the human race.
Сторінка 387 - Every tax ought to be so contrived as both to take out and to keep out of the pockets of the people as little as possible, over and above what it brings into the public treasury of the state.
Сторінка 561 - But there are other things, of the worth of which the demand of the market is by no means a test ; things of which the utility does not consist in ministering to inclinations, nor in serving the daily uses of life, and the want of which is least felt where the need is greatest. This is peculiarly true of those things which are chiefly useful as tending to raise the character of human beings.
Сторінка 388 - Fourthly, by subjecting the people to the frequent visits and the odious examination of the tax-gatherers, it may expose them to much unnecessary trouble, vexation, and oppression...
Сторінка 334 - Only when, in addition to just institutions, the increase of mankind shall be under the deliberate guidance of judicious foresight, can the conquests made from the powers of nature by the intellect and energy of scientific discoverers, become the common property of the species, and the means of improving and elevating the universal lot.
Сторінка 590 - In the particular circumstances of a given age or nation, there is scarcely anything really important to the general interest, which it may not be desirable, or even necessary, that the government should take upon itself, not because private individuals cannot effectually perform it, but because they will not.
Сторінка 334 - It is scarcely necessary to remark that a stationary condition of capital and population implies no stationary state of human improvement. There would be as much scope as ever for all kinds of mental culture, and moral and social progress ; as much room for improving the Art of Living, and much more likelihood of its being improved, when minds ceased to be engrossed by the art of getting on.
Сторінка 23 - There cannot, in short, be intrinsically a more insignificant thing, in the economy of society, than money; except in the character of a contrivance for sparing time and labor. It is a machine for doing quickly and commodiously, what would be done, though less quickly and commodiously, without it: and like many other kinds of machinery, it only exerts a distinct and independent influence of its own when it gets out of order.