Some Leading Principles of Political Economy Newly Expounded, Volume 1 |
Contents
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Common terms and phrases
abstinence actual Adam Smith advance aggregate aggregate demand amount average capitalist causes circumstances Cloth commercial competition connection consequence considerable considered consumption corn corresponding cost of production dealers degree Demand and Supply demand for commodities determine doctrine duction economic effect employed example exchange exchange value existence exports fact fall fixed capital fluctuations foreign trade given gold groups important increase industry international trade investment law of cost laws of value less limits mand manufacturing market price means meat Mill modities nations natural price nature non-competing normal price normal value occupations particular commodities phenomena Political Economy portion principle proportion purchasing power quantity question rate of profit rate of wages raw material reciprocal demand regard relation relative remuneration result retail rise sense skill Supply and Demand suppose theory things tion wages and profits Wages-fund wealth whole workmen
Popular passages
Page 99 - The market price of every particular commodity is regulated by the proportion between the quantity which is actually brought to market and the demand of those who are willing to pay the natural price of the commodity, or the whole value of the rent, labor, and profit which must be paid in order to bring it thither.
Page 270 - Poor naked wretches, wheresoe'er you are, That bide the pelting of this pitiless storm, How shall your houseless heads and unfed sides, Your loop'd and window'd raggedness, defend you From seasons such as these ? O, I have ta'en Too little care of this ! Take physic, pomp ; Expose thyself to feel what wretches feel, That thou mayst shake the superflux to them, And show the heavens more just.
Page 265 - While we repudiated with the greatest energy that tyranny of society over the individual which most Socialistic systems are supposed to involve, we yet looked forward to a time when society will no longer be divided into the idle and the industrious ; when the rule that they who do not work shall not eat, will be applied not to paupers only, but impartially to all...
Page 423 - Flammarion (C.) The Atmosphere. Translated from the French of CAMILLE FLAMMARION. Edited by JAMES GLAISHER, FRS, Superintendent of the Magnetical and Meteorological Department of the Royal Observatory at Greenwich. With 10 ChromoLithographs and 81 Woodcuts.