Principles of Political Economy, with Some of Their Applications to Social Philosophy, Том 2D. Appleton, 1896 |
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Сторінка 88
... issuers which could have been produced by the coins which they purported to repre- sent ; governments began to think that it would be a happy device if they could appropriate to themselves this benefit , free from the condition to which ...
... issuers which could have been produced by the coins which they purported to repre- sent ; governments began to think that it would be a happy device if they could appropriate to themselves this benefit , free from the condition to which ...
Сторінка 90
... issuers , in exchange for notes . All additional notes , therefore , which are attempted to be forced into circulation after the metals have been completely superseded , will re- turn upon the issuers in exchange for coin ; and they ...
... issuers , in exchange for notes . All additional notes , therefore , which are attempted to be forced into circulation after the metals have been completely superseded , will re- turn upon the issuers in exchange for coin ; and they ...
Сторінка 91
John Stuart Mill. there is no check . The issuers may add to it indefinitely , lowering its value and raising prices ... issuers may have , and in the case of a government paper , always have , a direct interest in lowering the value of ...
John Stuart Mill. there is no check . The issuers may add to it indefinitely , lowering its value and raising prices ... issuers may have , and in the case of a government paper , always have , a direct interest in lowering the value of ...
Сторінка 92
... issuers , being not so liable to great and sudden demands , since there never can be any real doubt of its solvency . Against this small advantage is to be set , in the first place , the possibility of fraudulent tampering with the ...
... issuers , being not so liable to great and sudden demands , since there never can be any real doubt of its solvency . Against this small advantage is to be set , in the first place , the possibility of fraudulent tampering with the ...
Сторінка 94
... issuers of the paper must have property , either of their own , or entrusted to them , to the value of all the notes they issue ; though for what purpose does not very clearly appear ; for if the property cannot be claimed in exchange ...
... issuers of the paper must have property , either of their own , or entrusted to them , to the value of all the notes they issue ; though for what purpose does not very clearly appear ; for if the property cannot be claimed in exchange ...
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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 coin commerce consumers corn cost of carriage cost of labour cost of production crease 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 income increase industry international demand issue issuers labour and capital land law of value less loans lower means ment million modities mon language obtain paid payment permanent persons Poland population portion pounds pounds sterling precious metals produce proportion quantity of money raise rate of interest rate of profit rent rise of prices seignorage sell speculation suppose supposition things tion trade transactions value of money wages whole yards of cloth yards of linen
Популярні уривки
Сторінка 392 - The subjects of every state ought to contribute towards 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 336 - I cannot, therefore, regard the stationary state of capital arid wealth with the unaffected aversion so generally manifested towards it by political economists of the old school. I am inclined to believe that it would be, on the whole, a very considerable improvement on our present condition. I confess I am not charmed with the ideal of life held out by those who think that the normal state of human beings is that of struggling to get on...
Сторінка 340 - It is scarcely necessary to remark, that a stationary condition of capital and population implies no stationary state of human improvement There would be as much scope as ever for all kinds of mental culture, and moral and social progress; as much room for improving the Art of Living, and much more likelihood of its being improved, when minds ceased to be engrossed by the art of getting on.
Сторінка 536 - 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 107 - Could we suddenly double the productive powers of the country, we should double the supply of commodities in every market ; but we should, by the same stroke, double the purchasing power. Everybody would bring a double demand as well as supply ; everybody would be able to buy twice as much, because every one would have twice as much to offer in exchange.
Сторінка 392 - The tax which each individual is bound to pay ought to be certain and not arbitrary. The time of payment, the manner of payment, the quantity to be paid, ought all to be clear and plain to the contributor and to every other person.
Сторінка 135 - The opening of a foreign trade, by making them acquainted with new objects, or tempting them by the easier acquisition of things which they had not previously thought attainable, sometimes works a sort of industrial revolution in a country whose resources were previously undeveloped for want of energy and ambition in the people...
Сторінка 340 - Hitherto it is questionable if all the mechanical inventions yet made have lightened the day's toil of any human being.
Сторінка 257 - Indies, in like manner, are the place where England finds it convenient to carry on the production of sugar, coffee, and a few other tropical commodities. All the capital employed is English capital ; almost all the industry is carried on for English uses ; there is little production of anything except the staple commodities, and these are sent to England, not to be exchanged for things exported to the colony and consumed by its inhabitants, but to be sold in England for the benefit of the proprietors...
Сторінка 348 - From this increase of intelligence, several effects may be confidently anticipated. First: that they will become even less willing than at present to be led and governed, and directed into the way they should go, by the mere authority and prestige of superiors. If they have not now, still less will they have hereafter, any deferential awe, or religious principle of obedience, holding them in mental subjection to a class above them.