The Elements of Political Economy |
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Page xvi
... Proportion to the Rate of Wages ?. 170 § 3. Profit Tends to Diminish . 171 CHAPTER IX . THE REWARD OF CAPITAL . 171 § 1. What Interest is 171 § 2. Interest Tends to Diminish 173 § 3 . The Lawfulness of Interest , and the Laws Against ...
... Proportion to the Rate of Wages ?. 170 § 3. Profit Tends to Diminish . 171 CHAPTER IX . THE REWARD OF CAPITAL . 171 § 1. What Interest is 171 § 2. Interest Tends to Diminish 173 § 3 . The Lawfulness of Interest , and the Laws Against ...
Page 19
... proportion as the means of producing useful com- modities are improved . Still it is not true that the progress of civilisation must be measured by the number of wants satisfied ; nor that it is necessary to the solution of economic ...
... proportion as the means of producing useful com- modities are improved . Still it is not true that the progress of civilisation must be measured by the number of wants satisfied ; nor that it is necessary to the solution of economic ...
Page 23
... proportion to their utility , for wealth only merits this name in so far as it corresponds to a want , and thus is useful . Real value , then , does not depend on estimation , but on the property possessed by the articles answering to ...
... proportion to their utility , for wealth only merits this name in so far as it corresponds to a want , and thus is useful . Real value , then , does not depend on estimation , but on the property possessed by the articles answering to ...
Page 24
... times as much nourishment . It must , however , be added that the value of a commodity increases in proportion to its scarceness , and decreases with its abundance , and this for obvious 24 Elements of Political Economy .
... times as much nourishment . It must , however , be added that the value of a commodity increases in proportion to its scarceness , and decreases with its abundance , and this for obvious 24 Elements of Political Economy .
Page 33
... proportion between wants and the means of satisfying them ; when this relation ceases , the species disappears . Had he been devoid of reason , this must have been the fate of man , since in his primitive condition he appears to have ...
... proportion between wants and the means of satisfying them ; when this relation ceases , the species disappears . Had he been devoid of reason , this must have been the fate of man , since in his primitive condition he appears to have ...
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abundance Adam Smith advantage agriculture amount ancient Aristotle banks BARNABY RUDGE Belgium bill capital causes CHAPTER CHARLES DICKENS circulation civilisation cloth coin colonies commerce commodities Connection between Political consumed consumption corn cost of production created crises cultivation debts demand Demy 8vo Destutt de Tracy diminish division of labour economist Edition employed employment England excess exchange favourable France greater hand human Illustrations inches increase industry interest J. S. Mill justice land Large crown 8vo laws machinery manufacturer MARTIN CHUZZLEWIT means ment Montesquieu moral nations nature necessary needs object obtain organisation paid payment political economy population possession Productiveness of Labour profit progress proportion proprietor prosperity purchase quantity rent reward rich rise says sell share shillings SKETCHES BY BOZ society soil SOUTH KENSINGTON MUSEUM supply tion token money trade utility vols wages wealth
Popular passages
Page 48 - Yet a little sleep, a little slumber, a little folding of the hands to sleep : so shall thy poverty come as one that travelleth, and thy want as an armed man.
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Page 260 - ... the duty of erecting and maintaining certain public works and certain public institutions which it can never be for the interest of any individual or small number of individuals to erect and maintain, because the profit could never repay the expense to any individual or small number of individuals, though it may frequently do much more than repay it to a great society.
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Page 259 - ... the duty of protecting the society from the violence and invasion of other independent societies; secondly, the duty of protecting, as far as possible, every member of the society from the injustice or oppression of every other member of it...