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A dealer doing a large amount of business, and turn- mg over his capital rapidly,
has but a small portion of it in ready money at any one time. But he only feels it
valuable to him as it is convertible into money: he considers no transaction
This is wealth to the person to whom it brings in a revenue, and who could
perhaps sell it in the market for the full amount of the debt. But it is not wealth to
the country ; if the engagement were annulled, the country would be neither
poorer nor ...
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 sometimes conducted in small shops, chiefly by the
Cases like this, in which a certain amount of labour has been dispensed with, its
work being devolved upon some natural agent, are apt to suggest an erroneous
notion of the comparative functions of labour and natural powers ; as if the ...
The rent of land being a price paid for a natural agency, and no such price being
paid in manufactures, these writers imagined that since a price was paid, it was
because there was a greater amount of service to be paid for : whereas a better ...
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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