Economics and Socialism: A Demonstration of the Cause and Cure of Trade Depressions and National Poverty

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S. Sonnenschein & Company, 1895 - 390 стор.
 

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Сторінка 191 - The power of the labourer to support himself, and the family which may be necessary to keep up the number of labourers, does not depend on the quantity of money which he may receive for wages, but on the quantity of food", necessaries, and conveniences become essential to him from habit, which that money will purchase.
Сторінка 190 - Labour, like all other things which are purchased and sold, and which may be increased or diminished in quantity, has its natural and its market price. The natural price of labour is that price which is necessary to enable the labourers, one with another, to subsist and to perpetuate their race, without either increase or diminution.
Сторінка 119 - Rent is that portion of the produce of the earth, which is paid to the landlord for the use of the original and indestructible powers of the soil.
Сторінка 347 - The statesman, who should attempt to direct private people in what manner they ought to employ their capitals, would not only load himself with a most unnecessary attention, but assume an authority which could safely be trusted, not only to no single person, but to no council or senate whatever, and which would nowhere be so dangerous as in the hands of a man who had folly and presumption enough to fancy himself fit to exercise it.
Сторінка 145 - 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 184 - England. This difference, however, in the mode of their subsistence is not the cause, but the effect, of the difference in their wages ; though, by a strange misapprehension, I have frequently heard it represented as the cause.
Сторінка 145 - The expense of government to the individuals of a great nation is like the expense of management to the joint tenants of a great estate, who are all obliged to contribute in proportion to their respective interests in the estate.
Сторінка 54 - What capital does for production, is to afford the shelter, protection, tools and materials which the work requires, and to feed and otherwise maintain the labourers during the process.
Сторінка 191 - The natural price of labour, therefore, depends on the price of the food, necessaries, and conveniences required for the support of the labourer and his family.
Сторінка 53 - Capital is that part of the wealth of a country which is employed in production, and consists of food, clothing, tools, raw materials, machinery, &c. necessary to give effect to labour.

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