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The rate of profit depends on the Cost of Labour . . . . . . ; CHAPTER XVI. Of Rent.
§ 1. Rent the effect of a natural monopoly . . . . . . . . . . 2. No land can pay rent
except land of such quality or situation, as exists in less quantity than the demand
... consideration showed that the uses of money are in no respect promoted by
increasing the quantity which exists and circulates in a country; the service which
it performs being as well rendered by a small as by a large aggregate amount.
The same difference exists in the operations of trade. The wholesale operations
indeed are everywhere carried on by large capitals, where such exist; but the
retail dealings, which collectively occupy a very great amount of capital, are ...
ments or nations have the power of deciding what institutions shall exist, they
cannot arbitrarily determine how those institutions shall work. The conditions on
which the power they possess over the distribution of wealth is dependent, and
They are not only strictly local, but exhaustible ; though, at a given place and time
, they may exist in much greater abundance than would be applied to present use
even if they could be obtained gratis. Fisheries, in the sea, are in most cases a ...
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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