Principles of Political Economy, with Some of Their Applications to Social Philosophy, Том 2D. Appleton, 1896 |
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Сторінка 7
... equivalent , • 222 lishment ? . • - 5. Should the issue of bank notes be confined to a single estab- 228 • 242 6. Should the holders of notes be protected in any peculiar manner against failure of payment ? . 245 CHAPTER XXV . Of the ...
... equivalent , • 222 lishment ? . • - 5. Should the issue of bank notes be confined to a single estab- 228 • 242 6. Should the holders of notes be protected in any peculiar manner against failure of payment ? . 245 CHAPTER XXV . Of the ...
Сторінка 26
... equivalent given for the use of capital , or in other words , interest , is not only called the interest of money , but , by a grosser perversion of terms , the value of money . This misapplication of lan- guage , assisted by some ...
... equivalent given for the use of capital , or in other words , interest , is not only called the interest of money , but , by a grosser perversion of terms , the value of money . This misapplication of lan- guage , assisted by some ...
Сторінка 27
... equivalent expres- sions . We shall proceed to illustrate this proposition more fully . And in doing this , the reader will remark a great difference between the class of questions which now occupy us , and those which we previously had ...
... equivalent expres- sions . We shall proceed to illustrate this proposition more fully . And in doing this , the reader will remark a great difference between the class of questions which now occupy us , and those which we previously had ...
Сторінка 30
... equivalent . This , it must be observed , is a property peculiar to money . We did not find it to be true of commodities gen- erally , that every diminution of supply raised the value exactly in proportion to the deficiency , or that ...
... equivalent . This , it must be observed , is a property peculiar to money . We did not find it to be true of commodities gen- erally , that every diminution of supply raised the value exactly in proportion to the deficiency , or that ...
Сторінка 40
... equivalent to a trifling seignorage . From this cause , the value of coin is in general slightly above that of the bullion it contains . An ounce of gold , according to the quan- tity of metal in a sovereign , should be worth 37. 17s ...
... equivalent to a trifling seignorage . From this cause , the value of coin is in general slightly above that of the bullion it contains . An ounce of gold , according to the quan- tity of metal in a sovereign , should be worth 37. 17s ...
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Загальні терміни та фрази
17 yards Adam Smith advantage agricultural amount assignats bank notes Bank of England bankers 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 employment equal equivalent exchange value exist expense exports fall foreign commodities foreign countries France Germany gold and silver greater imports improvement increase industry international demand issue issuers labour and capital land law of value less loans lower means ment million modities mon language obtain paid payments permanent persons Poland population portion pounds precious metals produce proportion quantity of money raise rate of interest rate of profit rent rise of prices seignorage sell shillings speculation suppose supposition things tion trade transactions value of money wages wanted whole yards of cloth yards of linen
Популярні уривки
Сторінка 395 - 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 135 - It is hardly possible to overrate the value, in the present low state of human improvement, of placing human beings in contact with persons dissimilar to themselves, and with modes of thought and action unlike those with which they are familiar.
Сторінка 538 - The only case in which, on mere principles of political economy, protecting duties can be defensible, is when they are imposed temporarily (especially in a young and rising nation) in hopes of naturalizing a foreign industry, in itself perfectly suitable to the circumstances of the country.
Сторінка 569 - Laisser-faire, in short, should be the general practice: every departure from it, unless required by some great good, is a certain evil.
Сторінка 189 - Gold and silver having been chosen for the general medium of circulation, they are, by the competition of commerce, distributed in such proportions amongst the different countries of the world, as to accommodate themselves to the natural traffic which would take place if no such metals existed, and the trade between countries were purely a trade of barter.
Сторінка 394 - The subjects of every state ought to contribute to the support of the government, as nearly as possible in proportion to their respective abilities : that is, in proportion to the revenue which they respectively enjoy under the protection of the state.
Сторінка 310 - As the colony increases, the profits of stock gradually diminish. When the most fertile and best situated lands have been all occupied, less profit can be made by the cultivation of what is inferior both in soil and situation, and less interest can be afforded for the stock which is so employed.
Сторінка 340 - Hitherto it is questionable if all the mechanical inventions yet made have lightened the day's toil of any human being.
Сторінка 358 - The form of association, however, which if mankind continue to improve, must be expected in the end to predominate, is not that which can exist between a capitalist as chief, and work-people without a voice in the management, but the association of the labourers themselves on terms of equality, collectively owning the capital with which they carry on their operations, and working under managers elected and removable by themselves.
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.