Some Readings in Economics: Prepared for the Use of Students in Course I, Political Economy, University of Michigan |
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Página 206
We trust our health to the physician ; our fortune and sometimes our life and reputation to the lawyer and attorney . Such confidence could not safely be reposed in people of a very mean or low condition .
We trust our health to the physician ; our fortune and sometimes our life and reputation to the lawyer and attorney . Such confidence could not safely be reposed in people of a very mean or low condition .
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Términos y frases comunes
able abroad according amount become bring bushels called capital carried cause cents circulation coin commodities condition consequence considerable considered consumed cost course demand depends determined dollar economic effect employed entrepreneur equal exchange existence explained exports fact fall foreign former gain give given gold gold and silver grade greater hand human important increase industry interest kind labor land least less limited loss manufacturer marginal materials matter means metal natural necessary never obtained particular persons possible present principle production profit purchase quantity READING reason rent respect result rise risk securities sell silver speculative standard money supply suppose theory things tion trade true undertaking United utility wages wants wealth whole
Pasajes populares
Página 198 - By necessaries I understand not only the commodities which are indispensably necessary for the support of life, but whatever the custom of the country renders it indecent for creditable people, even of the lowest order, to be without.
Página 16 - It is the great multiplication of the productions of all the different arts, in consequence of the division of labour, which occasions, in a well-governed society, that universal opulence which extends itself to the lowest ranks of the people.
Página 206 - In a perfectly fair lottery, those who draw the prizes ought to gain all that is lost by those who draw the blanks. In a profession where twenty fail for one that succeeds, that one ought to gain all that should have been gained by the unsuccessful twenty.
Página 51 - As IT IS THE power of exchanging that gives occasion to the division of labour, so the extent of this division must always be limited by the extent of that power, or, in other words, by the extent of the market.
Página 25 - The sovereign, for example, with all the officers both of justice and war who serve under him, the whole army and navy, are unproductive labourers. They are the servants of the public, and are maintained by a part of the annual produce of the industry of other people. Their service how honourable, how useful, or how necessary soever, produces nothing for which an equal quantity of service can afterwards be procured.
Página 194 - The market price of labour is the price which is really paid for it, from the natural operation of the proportion of the supply to the demand; labour is dear when it is scarce and cheap when it is plentiful. However much the market price of labour may deviate from its natural price, it has, like commodities, a tendency to conform to it.
Página 24 - THERE is one sort of labour which adds to the value of the subject upon which it is bestowed: there is another which has no such effect. The former, as it produces a value, may be called productive; the latter, unproductive
Página 133 - It would be too ridiculous to go about seriously to prove, that wealth does not consist in money, or in gold and silver ; but in what money purchases, and is valuable only for purchasing.
Página 52 - As by means of water-carriage, a more extensive market is opened to every sort of industry than what land-carriage alone can afford it, so it is upon the seacoast, and along the banks of navigable rivers, that industry of every kind naturally begins to subdivide and improve itself...
Página 207 - ... gained by the unsuccessful twenty. 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 anything by it. How extravagant soever the fees of counsellors at law may sometimes appear, their real retribution is never equal to this.
Información bibliográfica
| Título | Some Readings in Economics: Prepared for the Use of Students in Course I, Political Economy, University of Michigan |
| Autor | Fred Manville Taylor |
| Editor | G. Wahr, 1907 |
| Procedencia del original | Universidad de California |
| Digitalizado | 2 Oct. 2007 |
| Largo | 216 páginas |
| Exportar cita | BiBTeX EndNote RefMan |