Докладніше про цю книгу
Моя бібліотека
Книги в Google Play
Emigration from one State to another
Natural standard of wages in America
Two causes of the depreciation of wages here
The immigration of foreigners
Statistics and causes of the immigration
The Irish exodus
High wages alone attract immigrants
Small effect of the depopulation of Ireland on wages there
Irish misery the effect of free trade with England.
Page
201
202
203
204
205
206
207
208
209
210
211
212
Effect of Irish competition on American labor
The field for employing industry contracted.
Ruinous effects of abandoning the protective policy
Consequences of the ruin of the iron manufacture .
Wages and profits sinking to the English standard
CHAPTER XV.
THE CAUSES OF DIFFERENT RATES OF WAGES IN DIFFERENT
213
214
Exchangeable value resolved into Wages, Profits, and Rent
But labor alone creates value
Ricardo's doctrine of profits
237
238
239
Why profits are not equalized in different countries
Profits vary proportionally with the rate of interest
Characteristics of Ricardo's method
His reasoning confuted by facts
240
241
242
243
244
246
247
248
249
THE RATE OF PROFIT AS AFFECTED BY THE LIMITED EXTENT OF
THE FIELD FOR THE EMPLOYMENT OF CAPITAL: THE THEORY
OF GLUTS
Theory of a general over-production of wealth
But a general glut is impossible
A glut of manufactured products is possible.
Effects of reducing the supply of food
A glut of finished products is possible
Three causes of a glut of such products
Effects of the unequal distribution of wealth.
Exchange not always profitable
261
262
263
264
265
267
268
269
270
271
272
The purchasing power must be general
Where the market for manufactures is largest
Proportion of embodied to free labor
THE DISTRIBUTION OF THE PRECIOUS METALS THROUGHOUT THE
WORLD: SUBSTITUTES FOR MONEY: BILLS OF EXCHANGE:
THE COURSE OF INTERNATIONAL TRADE
Not as much money as there is merchandise .
306
THE FUNCTIONS OF BANKS AND THE NATURE OF BANK-NOTES:
Banks should supply only circulating, not fixed capital
Insecurity of land banks.
348
349
Banks compete with each other for their share of the circulation
357
Artifices adopted for this purpose
358
Difference between the large-note and small-note currency
359
PAPER MONEY, AND ITS USE AS A REVOLUTIONARY CURRENCY
373
Hardships of the reversion to a specie currency
Inevitable revulsion from a Revolutionary currency
Political consequences of this revulsion
The value of paper money regulated by its quantity
Ricardo's "Economical and Secure Currency"
Plan of gradual resumption.