New Social Teachings |
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Page 63
... gain . There is no objection to this ; but when the reverse case occurs , and the market price is below that of the State , then the trader will leave the State to accept the business when sales can only be effected at a loss , and to ...
... gain . There is no objection to this ; but when the reverse case occurs , and the market price is below that of the State , then the trader will leave the State to accept the business when sales can only be effected at a loss , and to ...
Page 73
... gain as much as possible in exchange for the least possible . The answer which the present writer affirms to be true is that , in such circumstances , competi- tion will give precise equality in exchange ; in other words , the ...
... gain as much as possible in exchange for the least possible . The answer which the present writer affirms to be true is that , in such circumstances , competi- tion will give precise equality in exchange ; in other words , the ...
Page 76
... gain made by fluctuations in the market , is extin- guished , and the only road to riches for a man . is for that man to produce , seeing that what he creates by his labour is preserved to him by equality 76 NEW SOCIAL TEACHINGS .
... gain made by fluctuations in the market , is extin- guished , and the only road to riches for a man . is for that man to produce , seeing that what he creates by his labour is preserved to him by equality 76 NEW SOCIAL TEACHINGS .
Page 89
... gain he expects in higher wages , and so the cost of transit , where it does not extinguish competition by being pro- hibitive , yet is a check which diminishes the power to compete . Perhaps the most important obstructive , here as ...
... gain he expects in higher wages , and so the cost of transit , where it does not extinguish competition by being pro- hibitive , yet is a check which diminishes the power to compete . Perhaps the most important obstructive , here as ...
Page 106
... exchange is a mode of confiscating that which is , in the most sacred sense , a man's own property . It may be very pleasant for the purchaser who gains the advantage to ascribe it to the Divine smile ; but 106 NEW SOCIAL TEACHINGS .
... exchange is a mode of confiscating that which is , in the most sacred sense , a man's own property . It may be very pleasant for the purchaser who gains the advantage to ascribe it to the Divine smile ; but 106 NEW SOCIAL TEACHINGS .
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Common terms and phrases
accept acts Adam Smith affirm assumed benefit charge Charruas Christian claim commercial maxim common competitive exchange conception concerned consequences demand desire dishonesty doctrine economist equality in exchange ethical evils exist firstly forces freedom further gain garotter give ground honesty hour's labour human nature immoral implies importance increased individual Individualist inequality instance interests interference Irish Land Act J. S. Mill justice knowledge labour and capital largely legislation liberty matter means moral motive namely nation necessary obedience perfect competition permissible interference person petition policeman political economy Poor Laws position possesses possible practicable principle produce progress question realize relations remuneration renders rent require result Ruskin secondly secure self-interest selfishness sell seller skill Socialism Socialistic society sphere supposed tenant terms of exchange tion trade trade union transfer true truth unequal exchange unjust Unto this Last viduals virtue wealth wealth-production welfare
Popular passages
Page 173 - Love took up the harp of Life, and smote on all the chords with might; Smote the chord of Self, that, trembling, pass'd in music out of sight.
Page 7 - Every individual is continually exerting himself to find out the most advantageous employment for whatever capital he can command. It is his own advantage, indeed, and not that of the society, which he has in view. But the study of his own advantage naturally, or rather necessarily leads him to prefer that employment which is most advantageous to the society.
Page 7 - To expect, indeed, that the freedom of trade should ever be entirely restored in Great Britain, is as absurd as to expect that an Oceana or Utopia should ever be established in it.
Page 45 - But the universal law of the matter is that, assuming any given quantity of energy and sense in master and servant, the greatest material result obtainable by them will be, not through antagonism to each other, but through affection for each other...
Page 6 - The pretence that corporations are necessary for the better government of the trade is without any foundation. The real and effectual discipline which is exercised over a workman is not that of his corporation, but that of his customers. It is the fear of losing their employment which restrains his frauds and corrects his negligence.
Page 176 - Though society is not founded on a contract, and though no good purpose is answered by inventing a contract in order to deduce social obligations from it, every one who receives the protection of society owes a return for the benefit, and the fact of living in society renders it indispensable that each should be bound to observe a certain line of conduct towards the rest.
Page 23 - I have one further observation to make. I must give warning, once for all, that the cases I contemplate are those in which values and prices are determined by competition alone. In so far only as they are thus determined, can they be reduced to any assignable law.
Page 44 - The largest quantity of work will not be done by this curious engine for pay, or under pressure, or by help of any kind of fuel which may be supplied by the chaldron. It will be done only when the motive force, that is to say, the will or spirit of the creature, is brought to its greatest strength by its own proper fuel; namely, by the affections.
Page 184 - Under this condition, however, society is fully entitled to abrogate or alter any particular right of property which on sufficient consideration it judges to stand in the way of the public good.