The Elements of Economics, Том 1

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Longmans, Green, and Company, 1881
 

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Сторінка 139 - The property which every man has in his own labour, as it is the original foundation of all other property, so it is the most sacred and inviolable. The patrimony of a poor man lies in the strength and dexterity of his hands; and to hinder him from employing this strength and dexterity in what manner he thinks proper without injury to his neighbour is a plain violation of this most sacred property.
Сторінка 113 - The market price of every particular commodity is regulated by the proportion between the quantity which is actually brought to market, and the demand of those who are willing to pay the natural price of the commodity...
Сторінка 92 - Of these, indeed, it may sometimes purchase a greater and sometimes a smaller quantity; but it is their value which varies, not that of the labour which purchases them.
Сторінка 94 - The value of a commodity, or the quantity of any other commodity for which it will exchange, depends on the relative quantity of labour which is necessary for its production, and not on the greater or less compensation which is paid for that labour.
Сторінка 92 - In his ordinary state of health, strength and spirits; in the ordinary degree of his skill and dexterity, he must always lay down le same portion of his ease, his liberty, and his happiness.
Сторінка 239 - But the induction which is to be available for the discovery and demonstration of sciences and arts must analyse nature by proper rejections and exclusions, and then, after a sufficient number of negatives, come to a conclusion on the affirmative instances...
Сторінка 92 - Labour alone, therefore, never varying in its own value, is alone the ultimate and real standard by which the value of all commodities can at all times and places be estimated and compared. It is their real price; money is their nominal price only.
Сторінка 113 - When the price of any commodity is neither more nor less than what is sufficient to pay the rent of the land, the wages of the labour, and the profits of the stock employed in raising, preparing, and bringing it to market, according to their natural rates, the commodity is then sold for what may be called its natural price.

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