A Manual of Political Economy for Schools and Colleges |
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Page 13
... becomes possible to vary the wages of the different contributors to the product in proportion to their skill and capacity . If one person began and completed the manufacture , he must be paid for the easiest and simplest work at as high ...
... becomes possible to vary the wages of the different contributors to the product in proportion to their skill and capacity . If one person began and completed the manufacture , he must be paid for the easiest and simplest work at as high ...
Page 26
... the employment of gold and silver as a measure of value should cease , the liberation of existing stocks would be followed by a great fall in their value , and they would forthwith become of less value in the 26 THE MEASURE OF VALUE .
... the employment of gold and silver as a measure of value should cease , the liberation of existing stocks would be followed by a great fall in their value , and they would forthwith become of less value in the 26 THE MEASURE OF VALUE .
Page 27
James Edwin Thorold Rogers. and they would forthwith become of less value in the arts . Their value is as much due to the demand which exists for their use as currency , as it is to the demands of the arts . It has been observed above ...
James Edwin Thorold Rogers. and they would forthwith become of less value in the arts . Their value is as much due to the demand which exists for their use as currency , as it is to the demands of the arts . It has been observed above ...
Page 31
... become available for currency , and as a measure of value , gold and silver must be subjected to some further manipulation . These metals are rarely found in a state of purity , but have to be extracted from their ores by various ...
... become available for currency , and as a measure of value , gold and silver must be subjected to some further manipulation . These metals are rarely found in a state of purity , but have to be extracted from their ores by various ...
Page 39
... becomes impossible to identify it at all . Now if some person can be found who may be trusted , and this person will take money and give in place of it either a power to withdraw the money at discretion by orders on him , or will give ...
... becomes impossible to identify it at all . Now if some person can be found who may be trusted , and this person will take money and give in place of it either a power to withdraw the money at discretion by orders on him , or will give ...
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Common terms and phrases
accumulated Adam Smith adopted advantage agricultural amount artizans Balliol College bank Bank of England borrowers British capital College colonies competition convenient corn corn-laws cost of production course cultivation currency custom demand diminished duty economical effect emigration employed employer employment England English Eton College example exchange exports fact fcap foreign former gold and silver Harrow School imported increase industry invested Irish famine land landowner latter lenders less levied loans machinery manufacture ment moral nation natural Natural Philosophy necessary notes number of persons object occupied ordinary Oriel College Oxford P. G. TAIT paid payment population possessed possible precious metals profit protection purchaser quantity rate of interest rate of profit rate of wages remuneration rent revenue risk society soil subsistence supply tanistry taxation tion tivated trade trades-union United Kingdom wealth
Popular passages
Page 15 - Mathematical and Physical Papers. By Sir W. THOMSON, LL.D., DCL, FRS, Professor of Natural Philosophy, in the University of Glasgow. Collected from different Scientific Periodicals from May, 1841, to the present time.
Page 262 - 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.
Page 311 - An Elementary Treatise on Quaternions. By PG TAIT, MA, Professor of Natural Philosophy in the University of Edinburgh ; formerly Fellow of St Peter's College, Cambridge. Second Edition. Demy 8vo. 14^.
Page 157 - Every permanent improvement of the soil, every railway and road, every bettering of the general condition of society, every facility given for production, every stimulus supplied to consumption, raises rent. The landowner sleeps, but thrives.
Page 224 - The only case in which, on mere principles of political economy, protecting duties can be defensible, is when they are imposed temporarily (especially in a young and rising nation) in hopes of naturalizing a foreign industry, in itself perfectly suitable to the circumstances of the country.
Page 10 - Professor of English Literature at King's College, London. THERE are two dangers to which the student of English Literature is exposed at the outset of his task ;—his reading is apt to be too narrow or too diffuse. Out of the vast number of authors set before him in books professing to deal with this subject he knows not which to select: he thinks he must read a little of all; he soon abandons so hopeless an attempt; he ends by contenting himself with second-hand information ; and professing to...
Page 312 - ... logical, developing in lucid order principles from facts, and keeping theory always dependent upon observation ; a book that keeps the reason of the student active while he strives to master details difficult but never without interest.
Page 146 - The increase of population has not preceded but followed this occupation and cultivation. It is not the pressure of population on the means of subsistence which has led men to cultivate inferior soils, but the fact that these soils being cultivated in another way, or taken into cultivation, an increased population became possible. How could an increased population have stimulated greater labour in agriculture, when agriculture must have supplied the means on which that increased population could...
Page 275 - The power of transferring a tax from the person who actually pays it to some other person varies with the object taxed. A tax on rents cannot be transferred. A tax on commodities is always transferred to the consumer.
Page 64 - ... as contrasted with another which lives on rice or potatoes ; and this quite apart from the prudence or incautiousness of the people. Two instances will illustrate this rule. The Irish famine of 1846 was due to the sudden disease which affected the potato. It was equally severe in the northern parts of Scotland, and particularly in the Western Highlands; its effects, as we all know, were terrible ; but the same disease affected the same plant in England. That, however, which was distress to the...