Principles of Political Economy, with Some of Their Applications to Social Philosophy, Том 21862 |
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Сторінка xi
... Consequences of the Tendency of Profits to a Minimum . § 1. Abstraction of capital not necessarily a national loss 2. In opulent countries , the extension of machinery not detri- mental but beneficial to labourers . CHAPTER VI . Of the ...
... Consequences of the Tendency of Profits to a Minimum . § 1. Abstraction of capital not necessarily a national loss 2. In opulent countries , the extension of machinery not detri- mental but beneficial to labourers . CHAPTER VI . Of the ...
Сторінка 16
... consequence of the fact , that a fourth more money would have been given for only the same quantity of goods . General prices , therefore , would in any case be a fourth higher .. The very same effect would be produced on prices if we ...
... consequence of the fact , that a fourth more money would have been given for only the same quantity of goods . General prices , therefore , would in any case be a fourth higher .. The very same effect would be produced on prices if we ...
Сторінка 20
... consequence . In no commodity is it the quantity in existence , but the quantity offered for sale , that determines the value . Whatever may be the quantity of money in the country , only that part of it will affect prices , which goes ...
... consequence . In no commodity is it the quantity in existence , but the quantity offered for sale , that determines the value . Whatever may be the quantity of money in the country , only that part of it will affect prices , which goes ...
Сторінка 29
... consequence , not a cause , of the alteration in value . Now this is also true of gold and silver , considered as articles of expenditure for ornament and luxury ; but it is not true of money . If the permanent cost of pro- duction of ...
... consequence , not a cause , of the alteration in value . Now this is also true of gold and silver , considered as articles of expenditure for ornament and luxury ; but it is not true of money . If the permanent cost of pro- duction of ...
Сторінка 33
... consequences will ensue . No debtor will any longer find it his interest to pay in gold . He will always pay in silver ... consequence will be , that unless a sovereign can be sold for more than twenty shillings , all the sovereigns will ...
... consequences will ensue . No debtor will any longer find it his interest to pay in gold . He will always pay in silver ... consequence will be , that unless a sovereign can be sold for more than twenty shillings , all the sovereigns will ...
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100 days labour 17 yards Adam Smith advantage amount assignats bank notes Bank of England bankers benefit book credits borrow bullion cheaper cheapness cheques circulation circumstances coin commerce consumers corn cost of carriage cost of production dealers debt depend depreciated diminished dities duction effect employed equal equation of international equivalent exactly exchange value existence expense exports fall foreign commodities foreign countries France Germany gold and silver imports improvement increase interchange international demand international values issue issuers labour and capital land law of value less loans lower means medium mode modities obtain paid paper currency payment permanent persons Poland portion pounds pounds sterling precious metals produce proportion purchasing power quantity of money rate of interest rate of profit ratio rise of prices seignorage sell speculation suppose supposition theory things tion transactions value of money wages wanted whole yards of cloth yards of linen