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" ... ^'No political economist of the present day can by saving mean mere hoarding: and beyond this contracted and insufficient proceeding, no use of the term in reference to the national wealth can well be imagined, but that which must arise from a different... "
Das kapital: Der produktionsprocess des kapitals - Page 554
by Karl Marx - 1890
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Principles of Political Economy Considered with a View to Their Practical ...

Thomas Robert Malthus - Economics - 1821 - 482 pages
...nature of saving, and the different effects of parsimony and extravagance upon the national capital ? No political economist of the present day can by saving...mean mere hoarding; and beyond this contracted and inefficient proceeding, no use of tht; term, in reference to national wealth, can well be imagined,...
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Principles of Political Economy Considered with a View to Their Practical ...

Thomas Robert Malthus - Economics - 1836 - 520 pages
...nature of saving, and the different effects of parsimony and extravagance upon the national capital ? No political economist of the present day can by saving...mean mere hoarding ; and beyond this contracted and inefficient proceeding, no use of the term in reference to the national wealth can well be imagined,...
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Capital: A Critique of Political Economy

Karl Marx - Business & Economics - 1906 - 884 pages
...of goods that are stored up for gradual consumption by the rich,4 and on the other hand, by the for1 "No political economist of the present day can by...can well be imagined, but that which must arise from ยป different application of what is saved, founded upon a real distinction between the different kinds...
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Capital: A Critique of Political Economy

Karl Marx - Capital - 1906 - 888 pages
...of goods that are stored up for gradual consumption by the rich,4 and on the other hand, by the for1 "No political economist of the present day can by...wealth can well be imagined, but that which must arise front a different application of what is saved, founded upon a real distinction between the different...
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Capital: A Critique of Political Economy

Karl Marx - Capital - 1906 - 880 pages
...of goods that are stored up for gradual consumption by the rich,4 and on the other hand, by the for1 "No political economist of the present day can by saving mean mere hoarding: mnd beyond this contracted and insufficient proceeding, no use of the term in reference to the national...
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Notes on Malthus' "Principles of Political Economy"

David Ricardo - Economics - 1928 - 376 pages
...labourers, both of whom consume, unless there is a difference " in reference to national wealth . . . which must arise from a different application of what...distinction between the different kinds of labour which may be maintained by it." This is an important admission from Mr. Malthus, and will be found...
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Principles of Political Economy, Volume 1

Thomas Robert Malthus - Classical school of economics - 1989 - 682 pages
...labour-employed as a measure of value. Also, perhaps his best known statement on saving and investment ('No political economist of the present day can by saving mean mere hoarding') occurs not in Chapter V ('Of the Profits of Capital'), nor in Chapter VII, Section III ('Of Accumulation,...
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Theorists of Economic Growth from David Hume to the Present: With a ...

W. W. Rostow - Business & Economics - 1992 - 733 pages
...Ricardo," p. 596. In support of his contention, Stigler quotes Malthus (Principles, p. 38) as stating that: "No political economist of the present day can by saving mean mere hoarding. . . ." That assertion does not rule out hoarding as a process that sterilizes income, as in Malthus's...
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The Growth of Economic Thought

Henry William Spiegel - Business & Economics - 1991 - 904 pages
...is, however, not fully developed by Malthus. He states, in a context relating to other matters, that "no political economist of the present day can by saving mean mere hoarding." This may not mean more than it says, that saving must not be identified with hoarding. What Malthus...
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David Ricardo: Critical Assessments, Volume 1

John Cunningham Wood - Business & Economics - 1991 - 302 pages
...theory of underemployment equilibrium. We may state with confidence that it does not turn on hoarding: "No political economist of the present day can by saving mean mere hoarding;..."" In fact his theory is entirely nonmonetary in nature, and the prominence given to a footnote on the...
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