Principles of Political Economy: With Some of Their Applications to Social Philosophy, Том 2Appleton, 1923 |
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Сторінка 9
... Adam Smith on the competition of capital , 2. Doctrine of Mr. Wakefield respecting the field of employ- ment , -3 . What determines the minimum rate of profit , 44. In opulent countries , profits habitually near to the minimum , 5 ...
... Adam Smith on the competition of capital , 2. Doctrine of Mr. Wakefield respecting the field of employ- ment , -3 . What determines the minimum rate of profit , 44. In opulent countries , profits habitually near to the minimum , 5 ...
Сторінка 117
... Adam Smith fancied that there were two commodities peculiarly fitted to serve as a measure of value : corn , and labour . Of corn , he said that although its value fluctuates much from year to year , it does not vary greatly from cen ...
... Adam Smith fancied that there were two commodities peculiarly fitted to serve as a measure of value : corn , and labour . Of corn , he said that although its value fluctuates much from year to year , it does not vary greatly from cen ...
Сторінка 118
... Adam Smith is not uniform . He sometimes speaks of it as a good measure only for short periods , saying that the value of labour ( or wages ) does not vary much from year to year , though it does from genera- tion to generation . On ...
... Adam Smith is not uniform . He sometimes speaks of it as a good measure only for short periods , saying that the value of labour ( or wages ) does not vary much from year to year , though it does from genera- tion to generation . On ...
Сторінка 119
... Adam Smith and Malthus say that labour is a measure of value , they do not mean the labour by which the thing was or can be made , but the quantity of labour which it will exchange for , or purchase ; in other words , the value of the ...
... Adam Smith and Malthus say that labour is a measure of value , they do not mean the labour by which the thing was or can be made , but the quantity of labour which it will exchange for , or purchase ; in other words , the value of the ...
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17 yards Adam Smith advantage agricultural amount assignats bank notes Bank of England bankers benefit bills bullion capitalists cause cheaper cheapness cheques circulation circumstances classes coin commerce consumers corn cost of carriage cost of labour cost of production crease days labour dealers debt depend depreciation diminished duction effect employment enable equal equivalent exchange value exist expense exports fall foreign commodities foreign countries France Germany gold and silver imports improvement income increase industry international demand issue issuers labour and capital land law of value les associés less loans lower means ment million modities obtain paid payment permanent persons Poland population portion pounds sterling precious metals produce proportion raise rate of interest rate of profit rent rise of prices savings seignorage sell speculation supply suppose supposition theory things tion trade transactions value of money wages whole yards of cloth yards of linen