Indirect benefits of commerce, economical and moral; still greater ... — which
depend on the Equation of Internationaliemand . . . . Influence of cost of carriage
on international values . The practical result little affected by this additional
The payment for it, therefore, is not one of the expenses of production; and the
necessity of making the payment out of capital, makes it requisite that there
should be a greater capital, a greater antecedent accumulation of the produce of
If the labourers were reduced to lower wages, or induced to work more hours for
the same wages, or if their families, who are already maintained from capital,
were employed to a greater extent than they now are in adding to the produce, ...
of capital is by increase of saving, the idea would probably be suggested of
greater abstinence, and increased privation. But it is obvious that whatever
increases the productive power of labour, creates an additional fund to trake
savings from, ...
So that an increased demand for a commodity does really, in the particular
department, often cause a greater employment to be given to labour by. be
effected—how the farmer, whose capital and labour were already fully employed,
would be ...
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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