Manual of Political Economy |
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Page xi
... foreign importations of corn , consequent on Free Trade -A rise in wages usually accompanies an increased demand for labour ; this rise in wages creates an increased supply of labour by discouraging emigration , and by encouraging ...
... foreign importations of corn , consequent on Free Trade -A rise in wages usually accompanies an increased demand for labour ; this rise in wages creates an increased supply of labour by discouraging emigration , and by encouraging ...
Page xii
... foreign countries ; consequently , by checking the amount sent abroad , an amount which is practically unlimited may be obtained for any eligible home investment - Different consequences produced by the raising of loans in countries ...
... foreign countries ; consequently , by checking the amount sent abroad , an amount which is practically unlimited may be obtained for any eligible home investment - Different consequences produced by the raising of loans in countries ...
Page xxi
... Foreign Commerce or International Trade . Foreign commerce enables the capital and labour of a country to be applied to those branches of industry for which it possesses special advantages - If two countries produce commodities at a ...
... Foreign Commerce or International Trade . Foreign commerce enables the capital and labour of a country to be applied to those branches of industry for which it possesses special advantages - If two countries produce commodities at a ...
Page xxii
... foreign trade becomes profitable to them both - Hence , it is pos- sible that foreign trade may be profitable to two countries , although all the commodities exchanged might be produced cheaper in one country than in the other - The ...
... foreign trade becomes profitable to them both - Hence , it is pos- sible that foreign trade may be profitable to two countries , although all the commodities exchanged might be produced cheaper in one country than in the other - The ...
Page xxiii
... Foreign Exchanges . The commodities bought and sold in foreign commerce are usually paid for by bills of exchange ; this course is adopted in order as far as pos- sible to obviate the transmission of specie - A bill of exchange is a ...
... Foreign Exchanges . The commodities bought and sold in foreign commerce are usually paid for by bills of exchange ; this course is adopted in order as far as pos- sible to obviate the transmission of specie - A bill of exchange is a ...
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Common terms and phrases
Adam Smith advantages agricultural produce American civil war annually Australia bank notes Bank of England bills bills of exchange BOOK cause cent chapter circulating capital circulation circumstances classes coal commodities consequently considerable cooperative cotton creased Crown 8vo cultivation demand depreciation diminished duction Edition effect employed employers England English exchange exerted export farm farmer fcap foreign France greater important improvements income income-tax increased India individual influence instance invested iron labour and capital land landlord laws less levied loan machinery manufactured ment metayer nation obtained paid particular pauperism peasant political economy population portion possess precious metals principle production of wealth proprietors purchase quantity rate of interest rate of profit realised regard remarked remuneration rent revenue rise sacks of wheat saved silver society sumer supply supposed taxation tenant tion trade value of gold wage-fund wages workmen
Popular passages
Page 519 - 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 519 - 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 520 - Thirdly, by the forfeitures and other penalties which those unfortunate individuals incur who attempt unsuccessfully to evade the tax, it may frequently ruin them, and thereby put an end to the benefit which the community might have received from the employment of their capitals.
Page 182 - Give a man the secure possession of a bleak rock, and he will turn it into a garden ; give him a nine years lease of a garden, and he will convert it into a desert.
Page 551 - 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.