Political Economy for Beginners |
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Page 1
... quantity of air , because every one can freely and without any labour obtain as much air as he re- quires . In the same way the light of the sun has no exchange value . In many places water has no exchange value . Water , however ...
... quantity of air , because every one can freely and without any labour obtain as much air as he re- quires . In the same way the light of the sun has no exchange value . In many places water has no exchange value . Water , however ...
Page 3
... quantities of these commodities being bought in 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 ...
... quantities of these commodities being bought in 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 ...
Page 10
... quantities by the bounty of nature , because no one will buy what he can obtain gra- tuitously and without labour ; but water immediately be- comes wealth when the labour of man is required to convey it to the spot where it is needed ...
... quantities by the bounty of nature , because no one will buy what he can obtain gra- tuitously and without labour ; but water immediately be- comes wealth when the labour of man is required to convey it to the spot where it is needed ...
Page 18
... quantity of labour , which seeks employment in other directions . In the second case it opens new fields of enterprise , which tend to absorb the labour set free by the introduction of machinery into other industries . The productive ...
... quantity of labour , which seeks employment in other directions . In the second case it opens new fields of enterprise , which tend to absorb the labour set free by the introduction of machinery into other industries . The productive ...
Page 35
... quantity of money , he was very likely to reply to any one who advised him to invest it in a joint - stock company , " Oh no ! I shall not risk it . Look what our friends A. B. and C. have lost 2-2 CHAP . III . ] 35 ON CAPITAL .
... quantity of money , he was very likely to reply to any one who advised him to invest it in a joint - stock company , " Oh no ! I shall not risk it . Look what our friends A. B. and C. have lost 2-2 CHAP . III . ] 35 ON CAPITAL .
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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
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