Political Economy for Beginners |
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Common terms and phrases
advantage agricultural produce amount Bank Charter Act bank notes Bank of England bills of exchange capital and labour capitalist causes cheques circulating capital circumstances classes coal commerce commodities competition consequently consumed corn corn laws cost of production cotton creased decline decrease demand diminished division of labour economic economic rent effect employed employers employment example exchange value explained exports farm farmer foreign France gold and silver imports income income-tax industry instance labour and capital land landlord levied manufactured margin of cultivation merchant modities obtain ordinary rate paid poor rate population price of agricultural production of wealth profits of capital purchase quantity QUESTIONS ON CHAPTER rate of interest rate of profit rate of wages reduced rent Ricardo's theory Shew shewn supposed taxation tenant tion trade unproductive value of gold value of money wages and profits wages of labour wages-fund wheat whilst workmen
Popular passages
Page 39 - Neither was there any among them that lacked : for as many as were possessors of lands or houses sold them, and brought the prices of the things that were sold, 35 And laid them down at the apostles' feet : and distribution was made unto every man according as he had need.
Page 208 - Every tax ought to be so contrived as both to take out and to keep out of the pockets of the people as Little as possible, over and above what it brings into the public treasury of the state.
Page 113 - The friends of humanity cannot but wish that in all countries the labouring classes should have a taste for comforts and enjoyments, and that they should be stimulated by all legal means in their exertions to procure them. There cannot be a better security against a superabundant population.
Page 27 - What capital does for production, is to afford the shelter, protection, tools and materials which the work requires, and to feed and otherwise maintain the labourers during the process.
Page 208 - The tax which each individual is bound to pay ought to be certain and not arbitrary. The time of payment, the manner of payment, the quantity to be paid, ought all to be clear and plain to the contributor, and to every other person.
Page 210 - Every tax ought to be levied at the time or in the manner in which it is most likely to be convenient for the contributor to pay it.
Page 41 - What is a Communist ? One who hath yearnings For equal division of unequal earnings. Idler or bungler, or both, he is willing To fork out his penny and pocket your shilling.
Page 15 - ... the invention of a great number of machines which facilitate and abridge labour, and enable one man to do the work of many.
Page 22 - ... it; I have not a word to say against it; you reason justly. The glazier comes, performs his task, receives his six francs, rubs his hands, and, in his heart, blesses the careless child. All this is that which is seen. But if, on the other hand, you come to the conclusion, as is too often the case, that it is a good thing to break windows, that it causes money to circulate, and that the encouragement of industry in general will be the result of it, you will oblige me to call out, "Stop there!...
Page 165 - ... branch of native industry, having countless ramifications, is all at once rendered completely stagnant. This rival, who is no other than the Sun, wages war to the knife against us, and we suspect that he has been raised up...