Political Economy: Designed for Use in Catholic Colleges, High Schools and AcademiesAmerican book Company, 1913 - 479 páginas |
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Página 42
... . Thus , an acre of land is valued less by a man who has one thousand acres than it would be if he had only ten acres . A dollar is valued more by the possessor of five hundred dollars than by the possessor of 42 VALUE PAGE Marginal value.
... . Thus , an acre of land is valued less by a man who has one thousand acres than it would be if he had only ten acres . A dollar is valued more by the possessor of five hundred dollars than by the possessor of 42 VALUE PAGE Marginal value.
Página 43
... dollars than by the possessor of one million dollars . Marginal value of an object diminishes inversely with the supply one has of the object . This supposes that a - man remains unchanged in his disposition with regard to the ...
... dollars than by the possessor of one million dollars . Marginal value of an object diminishes inversely with the supply one has of the object . This supposes that a - man remains unchanged in his disposition with regard to the ...
Página 48
... dollars . ( Financial Review , 1912 , p . 45. ) The New York Stock Exchange has 1100 members . These members alone have the right to enter on the floor of the Ex- change and to engage there in buying and selling transactions . In order ...
... dollars . ( Financial Review , 1912 , p . 45. ) The New York Stock Exchange has 1100 members . These members alone have the right to enter on the floor of the Ex- change and to engage there in buying and selling transactions . In order ...
Página 49
... dollars , is done outside the regular stock market in what is known as the " Curb Market . " The system is found in connection with large exchanges , in London , Paris , and New York . In POL . ECON . — 4 New York , curb trading is ...
... dollars , is done outside the regular stock market in what is known as the " Curb Market . " The system is found in connection with large exchanges , in London , Paris , and New York . In POL . ECON . — 4 New York , curb trading is ...
Página 51
... dollar bill will not buy as much at one time as at another . The purchasing power of money will not be the same at all times . In other words , prices rise and fall at different periods . We speak here not of the prices of individual ...
... dollar bill will not buy as much at one time as at another . The purchasing power of money will not be the same at all times . In other words , prices rise and fall at different periods . We speak here not of the prices of individual ...
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Términos y frases comunes
advantages amount of money balance of trade Bank of England become bills of exchange bimetallism bonds branch banking capital capitalist cause cent circulating notes coin coinage commercial commodities competition consumer corporations cost of production currency debts deposits depreciation duties effect England evils exist exports factors factors of production foreign France free trade funds gold and silver grains greater Gresham's law imports increase individual industries invested issue kinds labor land legal tender less Liberal School loans machinery merchants metallic money monopoly national bank system nature object paid paper money payment Physiocrats Political Economy principles profit protection railroads ratio reserve savings banks securities shoes silver dollar social Socialists society supply supply and demand tariff things tion to-day token money Treasury United States Bank utility various wages wealth
Pasajes populares
Página 343 - Every tax ought to be so contrived as both to take out and to keep out of the pockets of the people as Little as possible, over and above what it brings into the public treasury of the state.
Página 115 - States in payment of taxes, excises, public lands, and all other dues to the United States, except duties on imports; and also for all salaries and other debts and demands owing by the United States to individuals, corporations, and associations within the United States, except interest on the public debt, and in redemption of the national currency.
Página 183 - To act as trustee under any mortgage or bond issued by any municipality, body politic or corporation, and to accept and execute any other municipal or corporate trust not inconsistent with the laws...
Página 177 - Seventh. To exercise by its board of directors, or duly authorized officers or agents, subject to law, all such incidental powers as shall be necessary to carry on the business of...
Página 177 - To exercise by its board of directors or duly authorized officers or agents, subject to law, all such incidental powers as shall be necessary to carry on the business of banking; by discounting and negotiating promissory notes, drafts, bills of exchange, and other evidences of debt; by receiving deposits; by buying and selling exchange, coin, and bullion; by loaning money on personal security; and by obtaining, issuing, and circulating notes according to the provisions of this title.
Página 449 - With these limitations of the terms, wages not only depend upon the relative amount of capital and population, but cannot, under the rule of competition, be affected by anything else. Wages (meaning, of course, the general rate) cannot rise, but by an increase of the aggregate funds employed in hiring labourers, or a diminution in the number of the competitors for hire ; nor fall, except either by a diminution of the funds devoted to paying labour, or by an increase in the number of labourers to...
Página 320 - person," or "persons," wherever used in this act shall be deemed to include corporations and associations existing under or authorized by the laws of either the United States, the laws of any of the Territories, the laws of any State, or the laws of any foreign country.
Página 210 - The opinion of the judges has no more authority over congress than the opinion of congress has over the judges, and on that point the president is independent of both.
Página 341 - Equality of taxation, therefore, as a maxim of politics, means equality of sacrifice. It means apportioning the contribution of each person toward the expenses of government, so that he shall feel neither more nor less inconvenience from his share of the payment than every other person experiences from his.
Página 83 - When acre has been added to acre till all the fertile land is occupied, the yearly increase of food must depend upon the melioration of the land already in possession. This is a stream, which, from the nature of all soils, instead of increasing, must be gradually diminishing.