The Industrial Progress of the Nation: Consumption Limited, Production Unlimited |
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... reduction of profits to a minimum , while at the same time the use and application of capital under the direction of competent owners or agents increases the product perhaps in even tenfold greater measure than the share of such ...
... reduction of profits to a minimum , while at the same time the use and application of capital under the direction of competent owners or agents increases the product perhaps in even tenfold greater measure than the share of such ...
Page 17
... reducing the inhabitants to slavery and bringing back treasures of gold and silver , which rendered the nation poor be- cause they were secured by rapine , —the Dutch sent out their fishing fleet and supplied the Spaniards at home with ...
... reducing the inhabitants to slavery and bringing back treasures of gold and silver , which rendered the nation poor be- cause they were secured by rapine , —the Dutch sent out their fishing fleet and supplied the Spaniards at home with ...
Page 19
... reduces the population to starvation- you have not much to fear from them , although the staple of their cotton is better than yours and although , as a rule , it is better prepared for market . Of course in making this comparison I ...
... reduces the population to starvation- you have not much to fear from them , although the staple of their cotton is better than yours and although , as a rule , it is better prepared for market . Of course in making this comparison I ...
Page 27
... reduced ; it follows of necessity that the rule of progress in a given community is this : High wages or earnings either in money or in what money will buy are the necessary result or consequence of a low cost of production in all the ...
... reduced ; it follows of necessity that the rule of progress in a given community is this : High wages or earnings either in money or in what money will buy are the necessary result or consequence of a low cost of production in all the ...
Page 34
... reduction of price by one half , the increased efficiency of the railway service and the restoration of the gold standard of value have enabled the farmer of the West to grow rich on the low price of produce , where he would have ...
... reduction of price by one half , the increased efficiency of the railway service and the restoration of the gold standard of value have enabled the farmer of the West to grow rich on the low price of produce , where he would have ...
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Common terms and phrases
Adam Smith admitted amount annual product applied arts attained average become Britain building capital capitalists census cents a day Century Magazine classes clothing commerce computed construction consumed consumption cost cotton crude debt distribution dollars duction duties earnings economic rent EDWARD ATKINSON ensilage estimate Europe existence export fact factory farm farmers fiat money force foreign Frederic Bastiat fuel Germany given greater hundred hundred days imports income increase iron and steel labor land legislation less living machinery manufactures Massachusetts material measure mechanical method million necessary necessity nitrogen occupied for gain persons pig-iron population pounds present prime factor profit progress proportion purchasing power quantity question railway rates of wages ratio reduced rent revenue saved secure single tax square miles standard subsistence sustained tariff taxation timber tion true United wealth welfare whole wholly workmen worth
Popular passages
Page 390 - Down the dark future, through long generations, The echoing sounds grow fainter and then cease; And like a bell, with solemn, sweet vibrations, I hear once more the voice of Christ say, "Peace !" Peace ! and no longer from its brazen portals The blast of War's great organ shakes the skies ! But beautiful as songs of the immortals, The holy melodies of love arise.
Page 30 - RING out, wild bells, to the wild sky, The flying cloud, the frosty light : The year is dying in the night ; Ring out, wild bells, and let him die. Ring out the old, ring in the new, Ring, happy bells, across the snow : The year is going, let him go ; Ring out the false, ring in the true.
Page 383 - Original sin standeth not in the following of Adam — as the Pelagians do vainly talk — but it is the fault and corruption of the nature of every man, that naturally is engendered of the offspring of Adam ; whereby man is very far gone from original righteousness, and is of his own nature inclined to evil, so that the Flesh lusteth always contrary to the Spirit; and therefore, in every person born into this world, it deserveth God's wrath and damnation.
Page 388 - The One remains, the many change and pass; Heaven's light forever shines, Earth's shadows fly; Life, like a dome of many-colored glass, Stains the white radiance of Eternity, Until Death tramples it to fragments.
Page 383 - A death unto sin, and a new birth unto righteousness : for being by nature born in sin, and the children of wrath, we are hereby made the children of grace.
Page 30 - Ring out old shapes of foul disease, Ring out the narrowing lust of gold ; Ring out the thousand wars of old, Ring in the thousand years of peace.
Page 383 - The rest of mankind, God was pleased, according to the unsearchable counsel of his own will, whereby he extendeth or withholdeth mercy as he pleaseth, for the glory of his sovereign power over his creatures, to pass by and to ordain them to dishonor and wrath for their sin, to the praise of his glorious justice.
Page 80 - Of let him take who has the power, And let him keep who can, the Boers now proceeded to possess themselves of as much territory as they wanted.
Page 382 - We believe that there is one God, whose nature is Love, revealed in one Lord Jesus Christ, by one Holy Spirit of Grace, who will finally restore the whole family of mankind to holiness and happiness.
Page 264 - To individuals this policy is as injurious as it is to government. A system of artificial government protection leads the people to too much reliance on government. If left to their own choice of pursuits, they depend on their own skill and their own industry. But if government essentially affects their occupations by its systems of bounties or preferences, it is natural, when in distress, that they should call on the government for relief.