First Principles of Political Economy: With Reference to Statesmanship and the Progress of Civilization |
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Page 38
... transportation . 20 . The product of labor . Exchangeable value arising from labor must be measured by labor , and the formula for this value is the exchangeable value of any commodity is equal to the average cost of its reproduction ...
... transportation . 20 . The product of labor . Exchangeable value arising from labor must be measured by labor , and the formula for this value is the exchangeable value of any commodity is equal to the average cost of its reproduction ...
Page 49
... transportation , quite a sum . It would therefore have for him and his customers exchangeable value , and a price . Suppose now a railroad , or other facility for trans- portation be built , by which the labor of getting a supply would ...
... transportation , quite a sum . It would therefore have for him and his customers exchangeable value , and a price . Suppose now a railroad , or other facility for trans- portation be built , by which the labor of getting a supply would ...
Page 64
... transportation is not always an ele- ment - it is only incidental - they move the com- modity from one place to another , if such removal be necessary . But the man who buys at wholesale 64 POLITICAL ECONOMY . Price determined by value, 45.
... transportation is not always an ele- ment - it is only incidental - they move the com- modity from one place to another , if such removal be necessary . But the man who buys at wholesale 64 POLITICAL ECONOMY . Price determined by value, 45.
Page 66
... transportation to that place . For purposes of consumption , we are obliged to consider all commodities as capable of being pro- duced , wherever they are wanted for consumption , with a difference only in the labor cost . By the ...
... transportation to that place . For purposes of consumption , we are obliged to consider all commodities as capable of being pro- duced , wherever they are wanted for consumption , with a difference only in the labor cost . By the ...
Page 68
... transportation , cannot increase the wealth of the world . But it may be made to increase the wealth of a single nation , a community , or in individual cases , to a point that bears no relation to the limit just named . England is ...
... transportation , cannot increase the wealth of the world . But it may be made to increase the wealth of a single nation , a community , or in individual cases , to a point that bears no relation to the limit just named . England is ...
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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
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