The Principles of Political Economy Applied to the Condition, the Resources, and the Institutions of the American PeopleLittle, Brown, 1859 - 546 páginas |
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Página 6
... nearly all the movable wealth existing in it ; all the inhabitants are ruined , and yet , in a few years after , every- thing is much as it was before . This vis medicatrix naturæ has been a subject of sterile astonishment , or has been ...
... nearly all the movable wealth existing in it ; all the inhabitants are ruined , and yet , in a few years after , every- thing is much as it was before . This vis medicatrix naturæ has been a subject of sterile astonishment , or has been ...
Página 10
... nearly two dollars as compensation for its agency in the affair . Thus the laborer finds that , by some process incomprehensible to him , the $ 100 which he deposited in the bank for a year has hatched $ 4.50 , which it certainly would ...
... nearly two dollars as compensation for its agency in the affair . Thus the laborer finds that , by some process incomprehensible to him , the $ 100 which he deposited in the bank for a year has hatched $ 4.50 , which it certainly would ...
Página 11
... nearly $ 140,000,000 , the number of individ- ual depositors being over one million . No one can deposit more than £ 150 in one of these institutions , and the sum is not allowed to accumulate to more than £ 200 ; the presumption being ...
... nearly $ 140,000,000 , the number of individ- ual depositors being over one million . No one can deposit more than £ 150 in one of these institutions , and the sum is not allowed to accumulate to more than £ 200 ; the presumption being ...
Página 12
... nearly in the same time too ; but it is consumed by a different set of people . That portion of his revenue which a rich man annually spends is , in most cases , consumed by idle guests and menial servants , who leave nothing behind ...
... nearly in the same time too ; but it is consumed by a different set of people . That portion of his revenue which a rich man annually spends is , in most cases , consumed by idle guests and menial servants , who leave nothing behind ...
Página 16
... nearly on a level , is extended by a hasty generalization to two countries that are contrasted with each other in all these respects , and in its application to which , to say the least , the correctness of the principle is very ...
... nearly on a level , is extended by a hasty generalization to two countries that are contrasted with each other in all these respects , and in its application to which , to say the least , the correctness of the principle is very ...
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Términos y frases comunes
acre Adam Smith agricultural already America amount annual average Bank of England banks bills bills of exchange Britain bullion bushels capital capitalists cause cent Circulating Capital circulation circumstances civilized coin commercial commodities competition consequence consumed consumption cost cultivation currency debt demand depreciation diminished dollars effect employed employment England English equal evil exchange expense exports extent fact flour foreign former grain greater hands increase industry Ireland issue J. S. Mill labor land less loans Malthusians manufactures Massachusetts means ment merchant millions natural nearly necessary obtain operations paper money payment persons Political Economy population portion pound sterling precious metals produce proportion purchase quantity rate of interest rate of profit rent rise savings says seigniorage sell soil specie speculation subsistence supply theory tion trade value of money wages wealth whole
Pasajes populares
Página 136 - 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.
Página 126 - The laws and conditions of the production of wealth, partake of the character of physical truths. There is nothing optional, or arbitrary in them. Whatever mankind produce, must be produced in the modes, and under the conditions, imposed by the constitution of external things, and by the inherent properties of their own bodily and mental structure.
Página 59 - In the first fire-engines, a boy was constantly employed to open and shut alternately the communication between the boiler and the cylinder, according as the piston either ascended or descended. One of those boys, who loved to play with his companions, observed that, by tying a string from the handle of the valve which opened this communication, to another part of the machine, the valve would open and shut without his assistance, and leave him at liberty to divert himself with his playfellows.
Página 34 - With many a weary step, and many a groan, Up the high hill he heaves a huge round stone; The huge round stone, resulting with a bound, Thunders impetuous down, and smokes along the ground.
Página 91 - Thirdly, and lastly, commerce and manufactures gradually introduced order and good government, and with them the liberty and security of individuals, among the inhabitants of the country, who had before lived almost in a continual state of war with their neighbours, and of servile dependency upon their superiors.
Página 229 - The property which every man has in his own labor, as it is the original foundation of all other property, so it is the most sacred and inviolable.
Página 237 - In every society the price of every commodity finally resolves itself into some one or other, or all of those three parts; and in every improved society, all the three enter more or less, as component parts, into the price of the far greater part of commodities.
Página 223 - The counsellor at law who, perhaps, at near forty years of age, begins to make something by his profession, ought to receive the retribution, not only of his own so tedious and expensive education, but of that of more than twenty others who are never likely to make any thing by it. How extravagant soever the fees of counsellors at law may sometimes appear, their real retribution is never equal to this.
Página 28 - Capital is kept in existence from age to age not by preservation, but by perpetual reproduction: every part of it is used and destroyed, generally very soon after it is produced, but those who consume it are employed meanwhile in producing more.
Página 251 - In a country fully stocked in proportion to all the business it had to transact, as great a quantity of stock would be employed in every particular branch as the nature and extent of the trade would admit. The competition, therefore, would everywhere be as great, and consequently the ordinary profit as low as possible.