The Economics of Commerce

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Methuen & Company, 1894 - Всего страниц: 94
 

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Стр. 89 - The labour and capital of the country, acting on its natural resources, produce annually a certain net aggregate of commodities, material and immaterial, including services of all kinds. This is the true net annual income or revenue of the country, or the national dividend".
Стр. 64 - That part of his capital which a dealer is obliged to keep by him unemployed and in ready money, for answering occasional demands, is so much dead stock — which, so long as it remains in this situation, produces nothing, either to him or to his country.
Стр. 64 - It is not by augmenting the capital of the country, but by rendering a greater part of that capital active and productive than would otherwise be so, that the most judicious operations of banking can increase the industry of the country.

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