Economics: An Introduction for the General ReaderMacmillan, 1918 - 456 стор. |
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Сторінка 4
... nature , and search for the principles of its structure and working as the physiologist searches for the principles of the structure and working of the human body . What points of contact this economic order has with the political order ...
... nature , and search for the principles of its structure and working as the physiologist searches for the principles of the structure and working of the human body . What points of contact this economic order has with the political order ...
Сторінка 7
... Nature of Experience . Moreover , the under- standing of a system that a man gains from the experience of being a part of it is more of the nature of instinct than knowl- edge . It enables a man to judge and act ; it does not enable him ...
... Nature of Experience . Moreover , the under- standing of a system that a man gains from the experience of being a part of it is more of the nature of instinct than knowl- edge . It enables a man to judge and act ; it does not enable him ...
Сторінка 9
... Nature of Economic Theory . - Economic Theory is the body of generalizations so reached . The practical man is suspicious of " theory . " His suspicion is justified , if " theory " is used as a substitute for ascertainable facts . But ...
... Nature of Economic Theory . - Economic Theory is the body of generalizations so reached . The practical man is suspicious of " theory . " His suspicion is justified , if " theory " is used as a substitute for ascertainable facts . But ...
Сторінка 13
... nature and effects of competition ; the system of distribution is intimately bound up with the system of production . The secondary and less obvious results of changes , therefore , are often more important than the immediate and ...
... nature and effects of competition ; the system of distribution is intimately bound up with the system of production . The secondary and less obvious results of changes , therefore , are often more important than the immediate and ...
Сторінка 17
... nature would be reflected in a changed social organization . The social effects of the discovery of the use of coal as a source of power , of cheap steel , of electric communications , warn us against any attempt to forecast the future ...
... nature would be reflected in a changed social organization . The social effects of the discovery of the use of coal as a source of power , of cheap steel , of electric communications , warn us against any attempt to forecast the future ...
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Загальні терміни та фрази
Adam Smith amount anticipation of demand bank bill bill of exchange buyers capital combination commodity compete competition competitors consumer coöperation cost of production cotton custom depends division of labor duction economic organization economic rent economic system efficiency employer enables England enterprise exchange expenditure expenses firms fixed fluctuations give gold Gresham's Law important income increase individual Industrial Revolution influence kind land large number less limited loan loss machine machinery manufacture means medium of exchange ment method modern industry monopoly output owner paid payment principle profits proportion purchase railway rate of interest raw material rent risks satisfaction secure sell sellers social society specialized speculation spinners standard sumer supply and demand tends theory thing tion trade trade union trust United United Kingdom usually utility wages wants wealth whole wool workers
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Сторінка 361 - 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 101 - The only trades which it seems possible for a joint stock company to carry on successfully without an exclusive privilege are those of which all the operations are capable of being reduced to what is called a Routine, or to such a uniformity of method as admits of little or no variation.
Сторінка 418 - For I know that in me (that is, in my flesh) dwelleth no good thing: for to will is present with me; but how to perform that which is good I find not.
Сторінка 21 - The greatest improvement in the productive powers of labour, and the greater part of the skill, dexterity, and judgment with which it is any where directed, or applied, seem to have been the effects of the division of labour.
Сторінка 350 - All systems either of preference or of restraint, therefore, being thus completely taken away, the obvious and simple system of natural liberty establishes itself of its own accord. Every man, as long as he does not violate the laws of justice, is left perfectly free to pursue his own interest his own way, and to bring both his industry and capital into competition with those of any other man or order of men.
Сторінка 244 - But it is not easy to find any accurate measure either of hardship or ingenuity. In exchanging indeed the different productions of different sorts of labour for one another, some allowance is commonly made for both. It is adjusted, however, not by any accurate measure, but by the higgling and bargaining of the market, according to that sort of rough equality which, though not exact, is sufficient for carrying on the business of common life.
Сторінка 328 - Corn is not high because a rent is paid, but a rent is paid because corn is high...
Сторінка 242 - Let us now consider the residue of each of these products; it consists of the same unsubstantial reality in each, a mere congelation of homogeneous human labour, of labour-power expended without regard to the mode of its expenditure.
Сторінка 244 - The labour-time socially necessary is that required to produce an article under the normal conditions of production, and with the average degree of skill and intensity prevalent at the time.