The Principles of Political Economy: With Some Inquiries Respecting Their Application and a Sketch of the Rise and Progress of the Science

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A. and C. Black, 1849 - Economics - 646 pages

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Page 149 - ... be so dangerous as in the hands of a man who had folly and presumption enough to fancy himself fit to exercise it.
Page xviii - A General Dictionary of Geography, Descriptive, Physical, Statistical, and Historical ; forming a complete Gazetteer of the World. By A. KEITH JOHNSTON, FRSE 8vo. 31s. 6d. M'Culloch's Dictionary, Geographical, Statistical, and Historical, of the various Countries, Places, and principal Natural Objects in the World.
Page xviii - M'Culloch. — A Dictionary, Practical, Theoretical, and Historical, of Commerce and Commercial Navigation. Illustrated with Maps and Plans.
Page ix - M'CULLOCH. -A TREATISE ON THE PRINCIPLES AND PRACTICAL INFLUENCE of TAXATION and the FUNDING SYSTEM.
Page 409 - 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.
Page 227 - It is in this manner that the demand for men, like that for any other commodity, necessarily regulates the production of men, quickens it when it goes on too slowly, and stops it when it advances too fast.
Page 581 - There is one sort of labour," says he, " 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 labour.
Page 229 - The germs of existence contained in this earth, if they could freely develop themselves, would fill millions of worlds in the course of a few thousand years. Necessity, that imperious, all-pervading law of nature, restrains them within the prescribed bounds.
Page 196 - Every workman has a great quantity of his own work to dispose of beyond what he himself has occasion for ; and every other workman being exactly in the same situation, he is enabled to exchange a great quantity of his own goods for a great quantity, or, what 'comes to the same thing, for the price of a great quantity of theirs. He supplies them abundantly with what they have occasion for, and they accommodate him as amply with what he has occasion for, and a general plenty diffuses itself through...
Page 429 - The liberal reward of labour," says Dr Smith, " as it encourages the propagation, so it increases the industry of the common people. The wages of labour are the encouragement of industry, which, like every other human quality, improves in proportion to the encouragement it receives.

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