A Manual of Political Economy for Schools and Colleges |
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Page xiii
... custom , religious Sketch of the history of poor - laws • 112 . 113 114 117 118 • 119 • I 20 122 Law of settlement Open and close parishes Effect of legal assistance on the labourer Effect of machinery on wages CHAPTER XI . Profit and ...
... custom , religious Sketch of the history of poor - laws • 112 . 113 114 117 118 • 119 • I 20 122 Law of settlement Open and close parishes Effect of legal assistance on the labourer Effect of machinery on wages CHAPTER XI . Profit and ...
Page xix
... custom , religious Sketch of the history of poor - laws Law of settlement Open and close parishes Effect of legal assistance on the labourer Effect of machinery on wages 118 119 I 20 122 . 123 . 126 128 CHAPTER XI . Profit and Interest ...
... custom , religious Sketch of the history of poor - laws Law of settlement Open and close parishes Effect of legal assistance on the labourer Effect of machinery on wages 118 119 I 20 122 . 123 . 126 128 CHAPTER XI . Profit and Interest ...
Page 14
... custom were an economy ( and in such a case the rule is needless and superfluous ) , no objection could be taken to it , since it would be an illustration of the division of labour , and a gain . If it be a mere arrangement , which is ...
... custom were an economy ( and in such a case the rule is needless and superfluous ) , no objection could be taken to it , since it would be an illustration of the division of labour , and a gain . If it be a mere arrangement , which is ...
Page 35
... custom determines the price of labour more than it does that of any other article which is offered for sale . We shall have occasion hereafter to give abundant proofs of these positions . CHAPTER IV . On the Substitutes for Money . WHEN ...
... custom determines the price of labour more than it does that of any other article which is offered for sale . We shall have occasion hereafter to give abundant proofs of these positions . CHAPTER IV . On the Substitutes for Money . WHEN ...
Page 54
... customs of society favour such investments , capital is increasingly aggregated . The origin of capital is therefore to be found in the necessities of human life ; its development and increase , to the assistance which society renders ...
... customs of society favour such investments , capital is increasingly aggregated . The origin of capital is therefore to be found in the necessities of human life ; its development and increase , to the assistance which society renders ...
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Common terms and phrases
accumulated Adam Smith adopted advantage agricultural amount bank Bank of England benefit borrowers British capital civilised cloth colonies competition corn-laws cost of production cultivation currency custom debt demand diminished distribution duty economy effects emigration employed employer employment England exchange exist exports fact farmer fcap foreign Gavelkind gold and silver Homestead Act Illegitimacy imported income increase India indirect taxation industry invested Ireland Irish Julius Cæsar kinds labour land landowner lenders levied loans machinery maintenance manufacture marriage ment moral nation natural necessary number of persons object occupation ordinary paid population possessed precious metals Primogeniture profit protection purchaser quantity rate of interest rate of profit rate of wages remuneration rent revenue rise risk Rochdale Pioneers society soil specie subsistence supply Tanistry taxation tenancy theory tical tion trade trades-union United Kingdom wealth
Popular passages
Page 261 - 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 326 - 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 156 - 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 145 - 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 273 - 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 61 - ... 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...
Page 67 - ... chiefly in Yorkshire. The fashion has passed away and the demand for the material and the labor has ceased. Thousands of persons once engaged in this production are now reduced to enforced idleness, or constrained to betake themselves to some other occupation. Again, a few years ago, women dressed themselves plentifully with ribbons. This fashion has also changed ; where a hundred yards were sold, one is hardly purchased now, and the looms of a multitude of silk operatives are idle. To quote...
Page 125 - Presuming a hundred men invested twenty shillings each, one shilling each would be due to them at the expiration of the year, as five per cent. interest on their separate investments. They had each done precisely the same as investors, and each was justly entitled to the same reward. But custom is as necessary as capital for the production of profit ; and in contributing this all-important element, they almost necessarily differed from each other. The family income made a difference ; the number...