The Economic Journal: The Quarterly Journal of the Royal Economic Society, Volume 25Macmillan, 1915 - Economics Contains papers that appeal to a broad and global readership in all fields of economics. |
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Common terms and phrases
Adam Smith amount August Australia Bank of England bills British capital cent classes coal colliery Committee commodities considerable consumption cost cotton currency deal demand ECONOMIC JOURNAL economists EDWIN CANNAN effect employers English exchange expenditure exports fact factory farm Federation finance foreign German gold Government housing important increase industry interest issue J. H. CLAPHAM J. M. KEYNES John Law July labour less loan London Lybian war matter ment methods million lire mills miners Munitions Act notes organisation payment period Political Economy present problem production Prof Professor quantity question railway regard regulation Reichsbank Report reserve result revenue reviewed rise Royal Economic Society securities social South Wales standard statistics strike supply taxation theory tion trade union Treasury United United Kingdom wages wheat whole YVES GUYOT
Popular passages
Page 363 - Parliament as soon as may be after they are made and if an address is presented to His Majesty by either...
Page 192 - ... home ; it could therefore have been purchased with a part only of the commodities, or, what is the same thing, with a part only of the price of the commodities, which the industry employed by an equal capital would have produced at home, had it been left to follow its natural course. The industry of the country, therefore, is thus turned away from a more to a less advantageous employment ; and the exchangeable value of its annual produce, instead of being increased, according to the intention...
Page 7 - Federal reserve bank in a sum equal to six per centum of the paid-up capital stock and surplus of such bank, one-sixth of the subscription to be payable on call of the organization committee or of the Federal Reserve Board, one-sixth within three months and one-sixth within six months thereafter, and the remainder of the subscription, or any part thereof, shall be subject to call when deemed necessary by the Federal Reserve Board, said payments to be in gold or gold certificates.
Page 567 - No such discount or advance, however, should be granted at a rate of interest less than 10 per cent., and her Majesty's Government reserve it to themselves to recommend, if they should see fit, the imposition of a higher rate. After deduction by the bank of whatever it may consider to be a fair charge for its risk, expense, and trouble, the profits of these advances will accrue to the public.
Page 3 - As soon as practicable, the Secretary of the Treasury, the Secretary of Agriculture and the Comptroller of the Currency, acting as "The Reserve Bank Organization Committee," shall designate not less than eight nor more than twelve cities to be known as Federal reserve cities, and shall divide the continental United States, excluding Alaska, into districts, each district to contain only one of such Federal reserve cities. The...
Page 192 - Every individual is continually exerting himself to find out the most advantageous employment for whatever capital he can command. It is his own advantage, indeed, and not that of the society, which he has in view. But the study of his own advantage naturally, or rather necessarily leads him to prefer that employment which is most advantageous to the society.
Page 7 - ... subscribe to the capital stock of such Federal reserve bank in a sum equal to six per centum of the paid-up capital stock and surplus of such bank...
Page 197 - They are both products of the same operation, or set of operations, and the outlay is incurred for the sake of both together, not part for one and part for the other. The same outlay would have to be incurred for either of the two, if the other were not wanted or used at all.
Page 166 - earned income " means — (a) any income arising in respect of any remuneration from any office or employment of profit held by the individual, or in respect of any pension, superannuation, or other allowance, deferred pay, or compensation for loss of office given in respect of the past services of the individual or of the husband or parent of the individual in any office or employment of profit...
Page 194 - You, Dr. Smith, from your professor's chair, may send forth theories upon freedom of commerce as if you were lecturing upon pure mathematics ; but legislators must proceed by slow degrees, impeded as they are in their course by the friction of interest and the friction of prejudice.