First Principles of Political Economy: With Reference to Statesmanship and the Progress of Civilization |
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Page 9
... materials , Increased skill and dexterity , Adaptation of natural abilities , Saving the time of others , Division of labor implies co - operation , Limits to the division of labor , ( II ) Saving in the cost of exchanges , Saving in ...
... materials , Increased skill and dexterity , Adaptation of natural abilities , Saving the time of others , Division of labor implies co - operation , Limits to the division of labor , ( II ) Saving in the cost of exchanges , Saving in ...
Page 17
... material objects which one is said to own , and which he may use for the promotion of his comfort , his welfare , or his pleasure . In the other it is abstract and de- This last was formerly notes simply well - being . 2 Everything ...
... material objects which one is said to own , and which he may use for the promotion of his comfort , his welfare , or his pleasure . In the other it is abstract and de- This last was formerly notes simply well - being . 2 Everything ...
Page 18
... " ways and means . ” 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 .
... " ways and means . ” 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
... material objects in Nature around us for the promotion of our well being . 3. Subdivisions of the subject . It is sometimes divided into four branches , Pro- duction , Distribution , Exchange and Consumption . These four terms denote ...
... material objects in Nature around us for the promotion of our well being . 3. Subdivisions of the subject . It is sometimes divided into four branches , Pro- duction , Distribution , Exchange and Consumption . These four terms denote ...
Page 21
... material and follow it through all its stages of changing form , increasing value and final return through con- sumption to the state of nature , a mere mass of inorganic elements . We consider society also in all its stages , from ...
... material and follow it through all its stages of changing form , increasing value and final return through con- sumption to the state of nature , a mere mass of inorganic elements . We consider society also in all its stages , from ...
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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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