Principles of Political Economy: With Some of Their Applications to Social Philosophy, Том 2Appleton, 1923 |
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Сторінка 82
... , can be repeated as often as a purchase with a bank note , it effects the same in- crease of purchasing power . The original loan , or credit , given by the banker to his customer , is potentially 82 BOOK III . CHAPTER XII . § 6 .
... , can be repeated as often as a purchase with a bank note , it effects the same in- crease of purchasing power . The original loan , or credit , given by the banker to his customer , is potentially 82 BOOK III . CHAPTER XII . § 6 .
Сторінка 97
... crease of paper currency , stimulates every producer to his utmost exertions , and brings all the capital and labour of the country into complete employment ; and that this has invariably happened in all periods of rising prices , when ...
... crease of paper currency , stimulates every producer to his utmost exertions , and brings all the capital and labour of the country into complete employment ; and that this has invariably happened in all periods of rising prices , when ...
Сторінка 99
... creased issue , are accommodated with loans . Theirs , how- ever , is not an additional gain , but a portion of that which is reaped by the issuer at the expense of all possessors of money . The profits arising from the contribution ...
... creased issue , are accommodated with loans . Theirs , how- ever , is not an additional gain , but a portion of that which is reaped by the issuer at the expense of all possessors of money . The profits arising from the contribution ...
Сторінка 106
... crease productive power . They both maintain that accumu- lation of capital may proceed too fast , not merely for the moral , but for the material interest of those who produce * Supra , vol . i . pp . 98–101 , and accumulate ; and they ...
... crease productive power . They both maintain that accumu- lation of capital may proceed too fast , not merely for the moral , but for the material interest of those who produce * Supra , vol . i . pp . 98–101 , and accumulate ; and they ...
Сторінка 151
... creased either in proportion to the cheapness , or in a greater proportion than the cheapness , or in a less proportion . If the demand was increased in the same proportion with the cheapness , England would take as many times 25 yards ...
... creased either in proportion to the cheapness , or in a greater proportion than the cheapness , or in a less proportion . If the demand was increased in the same proportion with the cheapness , England would take as many times 25 yards ...
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17 yards Adam Smith advantage agricultural amount assignats bank notes Bank of England bankers benefit bills bullion capitalists cause cheaper cheapness cheques circulation circumstances classes coin commerce consumers corn cost of carriage cost of labour cost of production crease days labour dealers debt depend depreciation diminished duction effect employment enable equal equivalent exchange value exist expense exports fall foreign commodities foreign countries France Germany gold and silver imports improvement income increase industry international demand issue issuers labour and capital land law of value les associés less loans lower means ment million modities obtain paid payment permanent persons Poland population portion pounds sterling precious metals produce proportion raise rate of interest rate of profit rent rise of prices savings seignorage sell speculation supply suppose supposition theory things tion trade transactions value of money wages whole yards of cloth yards of linen