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... is diminished by ten thousand pounds, and tho national income by all which
those ten thousand pounds, employed as capital, would have produced. The loss
does not fall on the owner of the destroyed capital, since the destroyer has ...
By this exchange the productive powers of the community are neither increased
nor diminished. The breach in the capital of the country was made when the
government spent A's money : whereby a value of ten thousand pounds was ...
In proportion as any class is improvident or luxurious, the industry of the country
takes the direction of producing luxuries for their use ; while not only the
employment forproductive labourers is diminished, but the subsistence and
... a counter-process must be going on somewhere, since the prodigal must have
diminished his purchases in some other quarter to balance the augmentation in
this ; he has perhaps called' in funds employed in sustaining productive labour, ...
The capital, therefore, of the country, is this year diminished by so much. But
unless the amount abstracted is something enormous, there is no reason in the
nature of the case why next year the national capital should not be as great as
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LibraryThing ReviewРецензія користувача - JohnPhelan - LibraryThing
Pragmatic or muddled? Mill sets out to explore economic principles but, ultimately, finds that there is no principle which doesn't have any amount of conceivable exceptions. You have to wonder why its ... Читати огляд повністю