Political Economy for Beginners |
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Page 3
... England ; for this , it was argued , would decrease England's wealth by causing money to be sent from England to France . The fallacies of this policy , which is known as the Mercantile System , were first exposed by Adam Smith in his ...
... England ; for this , it was argued , would decrease England's wealth by causing money to be sent from England to France . The fallacies of this policy , which is known as the Mercantile System , were first exposed by Adam Smith in his ...
Page 4
... England , the true nature of money , and shewed that if all restrictive duties were discontinued the exports and imports of a country would tend to be equal . Free Trade . This part of our subject will be more fully explained in a ...
... England , the true nature of money , and shewed that if all restrictive duties were discontinued the exports and imports of a country would tend to be equal . Free Trade . This part of our subject will be more fully explained in a ...
Page 16
... after the pod is ripe pack it in bales for exportation ; the sailors who convey it from America to England ; the artisans who perform so many operations upon the raw cotton before it is converted into 16 [ SECT . I. PRODUCTION .
... after the pod is ripe pack it in bales for exportation ; the sailors who convey it from America to England ; the artisans who perform so many operations upon the raw cotton before it is converted into 16 [ SECT . I. PRODUCTION .
Page 34
... England was probably in part withdrawn from the circu- lating capital of the country . The labourers consequently suffered through a temporary reduction of the wages - fund . But the wealth of England has been so immensely in- creased ...
... England was probably in part withdrawn from the circu- lating capital of the country . The labourers consequently suffered through a temporary reduction of the wages - fund . But the wealth of England has been so immensely in- creased ...
Page 35
... England the desire to save is promoted by the variety of means that exists of investing small capitals , which if separately applied would not often be productive of wealth . If a professional man , for instance , has saved £ 100 , he ...
... England the desire to save is promoted by the variety of means that exists of investing small capitals , which if separately applied would not often be productive of wealth . If a professional man , for instance , has saved £ 100 , he ...
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Common terms and phrases
advantage agricultural produce amount Bank Charter Act bank notes Bank of England bills of exchange BOOK capital and labour capitalist causes cent cheques circumstances classes cloth College commodities competition consequently corn cost of production cotton Crown 8vo decrease demand economic economic rent effect employed employment English example exports Extra fcap farmer France FRANCIS TURNER PALGRAVE gold and silver GRAMMAR HISTORY Illustrations income income-tax increased industry instance J. M. D. MEIKLEJOHN King's College School labour and capital land land-tax landlord levied London and Westminster manufactured margin of cultivation modities paid panic permanent poor rate population price of agricultural production of wealth Professor quantity rate of interest rate of profit rate of wages regulated rent School Shew supply taxation Third Edition tion trade value of gold value of money W. W. SKEAT wages and profits wages of labour wages-fund Westminster Bank wheat workmen
Popular passages
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