Chapters in Political Economy |
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ADAM SMITH advantage amount ARTHUR PHILLIPS bank notes BANK OF ENGLAND become bonds capital capitalist cause cent circulation coin commodity consequence currency customers decline demand depositors deposits difficulty of attainment discounts dollars double taxation Econ economic science economists employ labor employer ENGLAND fact FREDERIC HARRISON functions of Government gold and silver Hence highest price increase interest invested iron less living loans loss machinery manufacturer measure of value medium of exchange ment merchant metals monopolist monopoly National banking object owner paid panic payment pays a tax person political economy principles of political PRODICUS production productive business profits purchase quantity question railroad reason reduced says selfishness sell Siluria society sold speculation stocks supply suppose Taurisci things tion trade trades-unions true truth United States Comptroller value of gold wages wealth wheat workmen York York city
Popular passages
Page 200 - The subjects of every state ought to contribute towards the support of the government, as nearly as possible, in proportion to their respective abilities; that is, in proportion to the revenue which they respectively enjoy under the protection of the state.
Page 200 - 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.
Page 89 - And Abraham hearkened unto Ephron; and Abraham weighed to Ephron the silver, which he had named in the audience of the sons of Heth, four hundred shekels of silver, current money with the merchant.
Page 200 - The tax which each individual is bound to pay ought to be certain and not arbitrary.
Page 23 - Have I not a right to do what I will with mine own ?" " No ! Divine laws are paramount over human. The latter, indeed, may confer this right upon you, but the former do not. You are as strongly bound by christian and social as by political and civil obligations, and I therefore appeal to you as a Christian to visit your dying child.
Page 79 - Two metals, as gold and silver, cannot be the measure of commerce both together, in any country : because the measure of commerce must be perpetually the same, invariable, and keeping the same proportion of value in all its parts.
Page 146 - Wrecks to be fished for on the Irish Coast — Insurance of Horses, and other Cattle (two millions) — Insurance of Losses by Servants — To make Salt Water Fresh — For building of Hospitals for Bastard Children — For building of Ships against Pirates...
Page 30 - We rarely hear, it has been said, of the combinations of masters, though frequently of those of workmen. But whoever imagines, upon this account, that masters rarely combine, is as ignorant of the world as of the subject. Masters are always and everywhere in a sort of tacit, but constant and uniform, combination, not to raise the wages of labour above their actual rate.
Page 179 - The higher the state of civilization," observed Huxley, " the more completely do the actions of one member of the social body influence all the rest, and the less possible is it for any one man to do a wrong without interfering more or less with the freedom of all his fellow-citizens.
Page 38 - They are weaving their own stuffs, making their own shoes, sewing their own garments, and grinding their own corn. They buy the purest sugar and the best tea, and grind their own coffee. They slaughter their own cattle, and the finest beasts of the land waddle, down the streets of Rochdale for the consumption of flannel-weavers and cobblers.