Political Economy for Beginners |
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Page 2
... give him a spear . Though commerce could not flourish under such a system of exchange as this , yet it is idle to assert that these barbarous communities pos- sessed no wealth , for we previously explained that wealth 2 INTRODUCTION .
... give him a spear . Though commerce could not flourish under such a system of exchange as this , yet it is idle to assert that these barbarous communities pos- sessed no wealth , for we previously explained that wealth 2 INTRODUCTION .
Page 26
... gives as wages to his workpeople in money also . Wages are now almost uni- versally paid in money ; this money is the representative of wealth previously accumulated , and renders the same assistance to future production as the food ...
... gives as wages to his workpeople in money also . Wages are now almost uni- versally paid in money ; this money is the representative of wealth previously accumulated , and renders the same assistance to future production as the food ...
Page 28
... gives for luxuries maintains labour . If , for instance , he spends £ 50 upon lace , may it not be asserted that this £ 50 maintains the labourers who make the lace , and that therefore it is employed as capital , exactly in the same ...
... gives for luxuries maintains labour . If , for instance , he spends £ 50 upon lace , may it not be asserted that this £ 50 maintains the labourers who make the lace , and that therefore it is employed as capital , exactly in the same ...
Page 37
... Give examples . 8. Capital is the result of saving , but does hoarded wealth add to the capital of a country ? 9. What is the difference between fixed and circulating capital ? IO . Of what does circulating capital principally consist ...
... Give examples . 8. Capital is the result of saving , but does hoarded wealth add to the capital of a country ? 9. What is the difference between fixed and circulating capital ? IO . Of what does circulating capital principally consist ...
Page 45
... give him in return some article which he required , such as a coat or a set of bows and arrows . This method of ex- change , some modern examples of which could be sug- gested by any schoolboy , is called barter ; it is necessarily very ...
... give him in return some article which he required , such as a coat or a set of bows and arrows . This method of ex- change , some modern examples of which could be sug- gested by any schoolboy , is called barter ; it is necessarily very ...
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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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