Principles of Political Economy |
Contents
| 298 | |
| 307 | |
| 318 | |
| 331 | |
| 346 | |
| 421 | |
| 423 | |
| 428 | |
| 32 | |
| 35 | |
| 38 | |
| 40 | |
| 46 | |
| 49 | |
| 52 | |
| 59 | |
| 64 | |
| 69 | |
| 71 | |
| 73 | |
| 75 | |
| 80 | |
| 83 | |
| 84 | |
| 86 | |
| 92 | |
| 98 | |
| 116 | |
| 119 | |
| 124 | |
| 132 | |
| 142 | |
| 159 | |
| 166 | |
| 171 | |
| 173 | |
| 183 | |
| 193 | |
| 213 | |
| 223 | |
| 232 | |
| 241 | |
| 258 | |
| 273 | |
| 291 | |
| 430 | |
| 432 | |
| 437 | |
| 452 | |
| 454 | |
| 455 | |
| 459 | |
| 464 | |
| 467 | |
| 494 | |
| 495 | |
| 521 | |
| 528 | |
| 539 | |
| 546 | |
| 553 | |
| 563 | |
| 577 | |
| 590 | |
| 596 | |
| 600 | |
| 613 | |
| 623 | |
| 632 | |
| 637 | |
| 642 | |
| 648 | |
| 662 | |
| 663 | |
| 670 | |
| 677 | |
| 685 | |
| 692 | |
| 701 | |
| 702 | |
| 703 | |
Other editions - View all
Common terms and phrases
according Adam Smith agriculture amount association bank bills of exchange called capital capitalists cause census cent circulation classes classical economists coin collectivism commerce commodity competition consumers consumption coöperative cost of production desire division of labor duction economic economists employed employer England enterprise entrepreneur example exchange exports fact factors factors of production farms foreign France give gold Hence human important income increase industry interest invention issue John Stuart Mill Karl Marx land less limited machinery manufacturing matter means metallic money method moreover nation natural natural laws necessary nomic notes object obliged organization pails paper money persons physiocrats political economy population possess profits purchase quantity regard rent result rise saving sell silver social socialists society supply theory things tion to-day trade transportation United utility wages wants wheat workman
Popular passages
Page 579 - Corn is not high because a rent is paid, but a rent is paid because corn is high...
Page 173 - Each person, therefore, making a tenth part of forty-eight thousand pins, might be considered as making four thousand eight hundred pins in a day. But if they had all wrought separately and independently, and without any of them having been educated to this peculiar business, they certainly could not each of them have made twenty, perhaps not one pin in a day...
Page 271 - July 14, 1890, are legal tender for all debts, public and private, except where otherwise expressly stipulated in the contract. United States notes are legal tender for all debts, public and private, except duties on imports and interest on the public debt.
Page 658 - ... the human species would increase as the numbers 1, 2, 4, 8, 16, 32, 64, 128, 256, and subsistence as 1, 2, 3, 4, 5, 6, 7, 8, 9. In two centuries the population would be to the means of subsistence as 256 to 9; in three centuries as 4096 to 13, and in two thousand years the difference would be almost incalculable.
Page 173 - ... could scarce, perhaps, with his utmost industry, make one pin in a day, and certainly could not make twenty. But in ' the way in which this business is now carried on, not only the whole work is a peculiar trade, but it is divided into a number of branches, of which...
Page 322 - But it cannot be expected that individuals should, at their own risk, or rather to their certain loss, introduce a new manufacture, and bear the burden of carrying it on, until the producers have been educated up to the level of those with whom the processes are traditional.
Page 490 - Wages depend, then, on the proportion between the number of the labouring population, and the capital or other funds devoted to the purchase of labour; we will say, for shortness, the capital. If wages are higher at one time or place than at another, if the subsistence and comfort of the class of hired labourers are more ample, it is, and can be, for no other reason, than because capital bears a greater proportion to population.
Page 576 - ... their productive powers. At the same time, the rent of the first quality will rise, for that must always be above the rent of the second, by the difference between the produce which they yield with a given quantity of capital and labour. 'With every step in the progress of population...
Page 490 - It is not the absolute amount of accumulation or of production that is of importance to the laboring class ; it is not the amount even of the funds destined for distribution among the laborers : it is the proportion between those funds and the numbers among whom they are shared. The condition of the class can be bettered in no other way than by altering that proportion to their advantage ; and every scheme for their benefit which does not proceed on this as its foundation is, for all permanent purposes,...
Page 173 - I have seen a small manufactory of this kind where ten men only were employed, and where some of them consequently performed two or three distinct operations. But though they were very poor, and therefore but indifferently accommodated with the necessary machinery, they could, when they exerted themselves, make among them about twelve pounds of pins in a day.