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Сторінка 13
... gives each year , showed returns on their preference and ordinary capital at an
average rate of 10 : 3 per cent . on their ordinary share capital in 1921 and 7 per
cent . in 1922 — extraordinary figures in view of the unemployment that ...
... gives each year , showed returns on their preference and ordinary capital at an
average rate of 10 : 3 per cent . on their ordinary share capital in 1921 and 7 per
cent . in 1922 — extraordinary figures in view of the unemployment that ...
Сторінка 34
This gives a total debt , Commonwealth and State , of roughly £920 , 000 , 000 at
June 30 , 1922 , and the rate of borrowing does not show any signs of
diminishing . According to the official estimates of the Commonwealth Treasury
the amount ...
This gives a total debt , Commonwealth and State , of roughly £920 , 000 , 000 at
June 30 , 1922 , and the rate of borrowing does not show any signs of
diminishing . According to the official estimates of the Commonwealth Treasury
the amount ...
Сторінка 40
CAUSES OF THE ECONOMIC CRISIS Following this brief analysis of the period
of deflation we may now give the main causes of the depression : ( i ) The
deflation in England and America and the heavy fall in domestic prices in
Australia .
CAUSES OF THE ECONOMIC CRISIS Following this brief analysis of the period
of deflation we may now give the main causes of the depression : ( i ) The
deflation in England and America and the heavy fall in domestic prices in
Australia .
Сторінка 44
Table II . gives an index of production for the Commonwealth , and it will be noted
that the year 1919 – 20 was the lowest . But a general decline from 1913 is to be
observed . Trade activity as measured for estimating the equation of exchange ...
Table II . gives an index of production for the Commonwealth , and it will be noted
that the year 1919 – 20 was the lowest . But a general decline from 1913 is to be
observed . Trade activity as measured for estimating the equation of exchange ...
Сторінка 59
Let us then suppose that the Government agent gives the notes away as Easter
eggs to every man , woman and child in the country , or that he buys all sorts of
things for the Government , or pays for services rendered to the Government .
Let us then suppose that the Government agent gives the notes away as Easter
eggs to every man , woman and child in the country , or that he buys all sorts of
things for the Government , or pays for services rendered to the Government .
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The Economic Journal: The Quarterly Journal of the Royal ..., Том 23,Випуск 89 Повний перегляд - 1913 |
Загальні терміни та фрази
agricultural allowances amount appears balance banks British capital cause cent changes classes Committee commodities considerable continued cost course currency deal demand depends discussion economic effect England English exchange existing export fact fall Federal Reserve Board foreign further Germany give given gold Government hand important increase India industry influence interest issue Italy labour lectures less limitation London Marshall means measure methods monetary movement nature necessary notes organisation payments period political population position possible practical present Principles problem production Prof Professor profits proposed question reason reference regarded relation Report reserves result rise securities seems shows social society standard statistics suggest supply theory trade United University volume wages whole workers
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Сторінка 428 - They are led by an invisible hand to make nearly the same distribution of the necessaries of life, which would have been made, had the earth been divided into equal portions among all its inhabitants, and thus without intending it, without knowing it, advance the interest of the society, and afford the means to the multiplication of the species.
Сторінка 440 - ... of carrying it on, until the producers have been educated up to the level of those with whom the processes are traditional. A protecting duty, continued for a reasonable time, will sometimes be the least inconvenient mode in which the nation can tax itself for the support of such an experiment.
Сторінка 428 - The rich only select from the heap what is most precious and agreeable. They consume little more than the poor.
Сторінка 428 - By preferring the support of domestic to that of foreign industry he intends only his own security; and by directing that industry in such a manner as its produce may be of the greatest value, he intends only his own gain, and he is in this, as in many other cases, led by an invisible hand to promote an end which was no part of his intention.
Сторінка 292 - engine of analysis . . . machinery of universal application in the discovery of a certain class of truths . . . not a body of concrete truth, but an engine for the discovery of concrete truth.
Сторінка 278 - Thiinen, I was led to attach great importance to the fact that our observations of nature, in the moral as in the physical world relate not so much to aggregate quantities as to increments of quantities, and that in particular the demand for a thing is a continuous function, of which the "marginal" increment is, in stable equilibrium, balanced against the corresponding increment of its cost.
Сторінка 53 - To be attached to the subdivision, to love the little platoon we belong to in society, is the first principle (the germ as it were) of public affections. It is the first link in the series by which we proceed towards a love to our country, and to mankind.
Сторінка 279 - The notion of an exact measurement of Consumers' Rent was published by Dupuit in 1844. But his work was forgotten; and the first to publish a clear analysis of the relation of total to marginal (or final) utility in the English language was Jevons in 1871, when he had not read Dupuit. The notion of Consumers...
Сторінка 435 - Every individual is continually exerting himself to find out the most advantageous employment for whatever capital he can command. It is his own advantage, indeed, and not that of the society, which he has in view. But the study of his own advantage naturally, or rather necessarily, leads him to prefer that employment which is most advantageous to the society.
Сторінка 85 - But there is no more complete fallacy than this. What people call applied science is nothing but the application of pure science to particular classes of problems. It consists of deductions from those general principles, established by reasoning and observation, which constitute pure science. No one can safely make these deductions until he has a firm grasp of the principles ; and he can obtain that grasp only by personal experience of the operations of observation and of reasoning on which they...