First Principles of Political Economy: With Reference to Statesmanship and the Progress of Civilization |
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Common terms and phrases
aggregate wealth amount of labor average cost bank banker become called capital capitalist cent cheaper circulation civilization clothing coin commercial centre commodities competition considered consumer consumption cost of reproduction cost of transportation course crease cultivation decreasing determines the amount distributive wealth division of labor dollars Doubtless duction effect elements equal exchangeable value fact forces of nature free trade gold and silver Hence human labor improvement increment intrinsic value John Stuart Mill kind land law of supply less limit loans and discounts machinery manufacture means modity nation needed paper persons Political Economy produce product of labor proportion protection quantity raise rate of increase rate of interest rate of profit ratio reduced regard rent result rich rise safe men saving sell supply and demand suppose tariff thing tion trinsic utilized wages wants wheat