Outline Study of Political EconomyChautauqua Press, 1885 - 195 էջ |
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Adam Smith advantage agricultural amount application of labor association bank bushel capitalist cent CHAPTER circulating capital cloth commerce commodities competition comprise consumed consumption cost costly cotton demand depends desire diminished diminution division of labor duction duty effect employed England essential exist expenditure expense fixed capital forces former France free trade furnishes gold and silver gratify greater hand harmonious conceptions human hundred implies important incal increase indirect individual industries instances instrument of exchange involved iron J. S. Mill kind labor and capital Latin Monetary Union lative latter less loan manufacture material means ment mental nations nature nearly object persons Political Economy portion productive labor profit proportion protection purchase quantity reckoned require saving secure seen society supply supply and demand suppose things tion unproductive utility wages wealth wheat workmen writers
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Էջ iv - And the eye cannot say unto the hand, I have no need of thee: nor again the head to the feet, I have no need of you. Nay, much more those members of the body, which seem to be more feeble, are necessary...
Էջ 181 - When land of the third quality is taken into cultivation, rent immediately commences on the second, and it is regulated as before, by the difference in their productive powers. At the same time, the rent of the first quality will rise...
Էջ 84 - ... to restrict the amount of labor and to produce strikes were to be successful for any length of time, the great accumulations of capital could no longer be made which enable a few of the most wealthy capitalists...
Էջ 83 - But it cannot be expected that individuals should at their own risk, or rather to their certain loss, introduce a new manufacture, and bear the...
Էջ 84 - ... great accumulations of capital could no longer be made which enable a few of the most wealthy capitalists to overwhelm all foreign competition in times of great depression...
Էջ 84 - The laboring classes generally in the manufacturing districts of this country, and especially in the iron and coal districts, are very little aware of the extent to which they are often indebted for...
Էջ 180 - On the first settling of a country in which there is an abundance of rich and fertile land, a very small proportion of which is required to be cultivated for the support of the actual population...
Էջ 180 - When in the progress of society, land of the second degree of fertility is taken into cultivation, rent immediately commences on that of the first quality, and the amount of that rent will depend on the difference in the quality of these two portions of land.
Էջ 180 - It is only then because land is not unlimited in quantVy and uniform in quality, and because in the progress of population, land of an inferior quality, or less advantageously situated, is called into cultivation, that rent is ever paid for the use of it.
Էջ 181 - ... of corn. In a new country, where there is an abundance of fertile land compared with the population, and where therefore it is only necessary to cultivate No. 1, the whole net produce will belong to the cultivator, and will be the profits of the stock which he advances. As soon as population had so far increased as to make it necessary to cultivate No. 2, from which ninety quarters only can be obtained after supporting the labourers, rent would commence on No. 1...