American Political Economy: Including Stricures on the Management of the Currency and the Finances Since 1861, with a Chart Showing the Fluctuations in the Price of GoldC. Scribner's Sons, 1890 - 495 стор. |
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Сторінка ix
... DEBT : VARIOUS METHODS OF FUNDING . 393 CHAPTER XVIII . TAXATION . 426 CHAPTER XIX . EFFECTS OF SPECULATION UPON PRICES : THE PHENOMENA OF A COM- MERCIAL CRISIS CHAPTER XX . THE DOCTRINE OF INTERNATIONAL EXCHANGES : THE LIMITS OF FREE ...
... DEBT : VARIOUS METHODS OF FUNDING . 393 CHAPTER XVIII . TAXATION . 426 CHAPTER XIX . EFFECTS OF SPECULATION UPON PRICES : THE PHENOMENA OF A COM- MERCIAL CRISIS CHAPTER XX . THE DOCTRINE OF INTERNATIONAL EXCHANGES : THE LIMITS OF FREE ...
Сторінка 22
... , form no addition to the national wealth . Notes and mortgages , bank - bills , bank - stock , stock in any corporation or in the national debt , are such representatives . They are mere evidences 22 THE PRODUCTION OF WEALTH :
... , form no addition to the national wealth . Notes and mortgages , bank - bills , bank - stock , stock in any corporation or in the national debt , are such representatives . They are mere evidences 22 THE PRODUCTION OF WEALTH :
Сторінка 23
... debt , are such representatives . They are mere evidences that the person holding them is the owner of a larger or smaller portion of those articles which really constitute wealth ; and their value to him consists only in the fact that ...
... debt , are such representatives . They are mere evidences that the person holding them is the owner of a larger or smaller portion of those articles which really constitute wealth ; and their value to him consists only in the fact that ...
Сторінка 96
... debt , or encroach upon their capital . A nobleman who inherits an estate of £ 20,000 a year , inherits also a style of living which is costly enough to consume it . In the United States , on the other hand , a man usually begins poor ...
... debt , or encroach upon their capital . A nobleman who inherits an estate of £ 20,000 a year , inherits also a style of living which is costly enough to consume it . In the United States , on the other hand , a man usually begins poor ...
Сторінка 101
... debt . I speak of all farms in general , as it is more profitable to cultivate the unhealthy districts with hired laborers than with slaves ; and even in the healthy localities , the great labors of the husbandmen , such as the ...
... debt . I speak of all farms in general , as it is more profitable to cultivate the unhealthy districts with hired laborers than with slaves ; and even in the healthy localities , the great labors of the husbandmen , such as the ...
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accumulation Adam Smith advantage aggregate agriculture American amount annual average Bank of England bank-bills banks bills bills of exchange borrowed capital capitalists cause cent Circulating Capital circulation civilized coin commerce commodities consequence consumed consumption cost created currency demand Deposits depreciation diminished distribution dollars effect employed employment England English equal evil exchange exports flour foreign funds gold greater hand income increase industry investment issue J. S. Mill labor land legal tender less loans manufactures means ment merchant millions natural nearly necessary needed obtain old State banks operations paid Paper Money payment persons population portion pound sterling precious metals production proportion purchase quantity rate of interest rate of Profit received Rent revenue savings says sell silver specie supply taxation tion trade Treasury United value of money Wages wants wealth whole
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Сторінка 312 - And the children of Israel did so and gathered, some more, some less. And when they did mete it with an omer, he that gathered much had nothing over, and he that gathered little had no lack; they gathered every man according to his eating.
Сторінка 491 - 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...
Сторінка 335 - ... no State shall coin money, emit bills of credit, or make anything but gold and silver coin a tender in payment of debts.
Сторінка 427 - Every tax ought to be so contrived as both to take out and to keep out of the pockets of the people as Little as possible, over and above what it brings into the public treasury of the state.
Сторінка 494 - The superiority of one country over another in a branch of production, often arises only from having begun it sooner. There may be no inherent advantage on one part, or disadvantage on the other, but only a present superiority of acquired skill and experience.
Сторінка 427 - 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 108 - The laws and conditions of the production of wealth, partake of the character of physical truths. There is nothing optional, or arbitrary in them. Whatever mankind produce, must be produced in the modes, and under the conditions, imposed by the constitution of external things, and by the inherent properties of their own bodily and mental structure.
Сторінка 427 - 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 218 - When the stocks of many rich merchants are turned into the same trade, their mutual competition naturally tends to lower its profit; and when there is a like increase of stock in all the different trades carried on in the same society, the same competition must produce the same effect in them all.
Сторінка 491 - It is the maxim of every prudent master of a family, never to attempt to make at home what it will cost him more to make than to buy.