First Principles of Political Economy: With Reference to Statesmanship and the Progress of Civilization |
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Page 18
... ” Most barbarians are ma- rauders and pirates . Hence in a general sense we say that Political Economy is the science which teaches us how to make the best use of the material objects in Nature 18 POLITICAL ECONOMY .
... ” Most barbarians are ma- rauders and pirates . Hence in a general sense we say that Political Economy is the science which teaches us how to make the best use of the material objects in Nature 18 POLITICAL ECONOMY .
Page 19
... Hence there must be a distribution of what is produced between the sev- eral parties who have bestowed labor , or a represent- ative of labor called " capital , " in its production ; and third , before it can be used and so minister to ...
... Hence there must be a distribution of what is produced between the sev- eral parties who have bestowed labor , or a represent- ative of labor called " capital , " in its production ; and third , before it can be used and so minister to ...
Page 21
... Hence it is evident that we have to deal with what the mathematician calls " variable quantities , " and are concerned chiefly with the laws of variation - increase and decrease . And the truths we shall have occasion to discuss , can ...
... Hence it is evident that we have to deal with what the mathematician calls " variable quantities , " and are concerned chiefly with the laws of variation - increase and decrease . And the truths we shall have occasion to discuss , can ...
Page 22
... Hence it is evident that we have to deal with what the mathematician calls " variable quantities , " and are concerned chiefly with the laws of variation - increase and decrease . And the truths we shall have occasion to discuss , can ...
... Hence it is evident that we have to deal with what the mathematician calls " variable quantities , " and are concerned chiefly with the laws of variation - increase and decrease . And the truths we shall have occasion to discuss , can ...
Page 25
... hence they are naturally inclined to the policy of trade that tends to favor England's monopoly of the manufacturing industry and commerce of the world . All these influences are natural , but they tend to bias the judgment and add ...
... hence they are naturally inclined to the policy of trade that tends to favor England's monopoly of the manufacturing industry and commerce of the world . All these influences are natural , but they tend to bias the judgment and add ...
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Common terms and phrases
aggregate wealth agricultural amount of labor average cost bank banker become bills capital capitalist cent cheaper circulation civilization clothing coin commercial centre commodities considered consumer consumption cost of reproduction cost of transportation course crease cultivation distributive wealth division of labor dollars duction effect Engineer equal exchangeable value fact forces of nature free trade gold and silver greater Hence human labor hundred Illustrated improvement increase of population increment intrinsic value John Stuart Mill kind land law of supply less limit loans and discounts machinery manu manufacture means nation needed paper persons Political Economy Practical produce product of labor proportion protection quantity raise rate of increase rate of interest rate of profit ratio reduce regard rent result rich safe men saving sell supply and demand suppose tariff thing tion Treatise wages wants wheat
Popular passages
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